According to a Reuters report dated August 19, 2024 authored by Manya Saini and Niket Nishant, regional lenders are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may...
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August 23, 2024, 07:12 AM
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WSFS Bank, the primary subsidiary of WSFS Financial Corporation, announced the hire of Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management, reporting to Michael Dzielak, Senior Vice President, Director of Financial...
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July 19, 2024, 07:18 AM
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Comerica Incorporated announced Floyd Kessler has been named to the new role of Executive Vice President, Chief Business Risk and Controls Officer. Kessler will report to Peter Sefzik, Chief Banking Officer.Kessler will lead the Business Risk and...
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May 06, 2024, 07:20 AM
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The Middlefield Banking Company, a subsidiary of Middlefield Banc Corp., announced enhancements to its leadership team to support the company’s growth across its Central, Western and Northeast Ohio markets. Rebecca Noblit has been promoted to Chief...
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January 12, 2024, 07:20 AM
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The equipment finance industry is seeing a negative impact on business conditions due to recent bank failures and their attendant liquidity issues, according to the results of a new survey released by the Equipment Leasing & Finance Foundation...
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June 28, 2023, 07:18 AM
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The national Citizens Business Conditions Index (CBCI) rose to 56.1 in the third quarter, regaining momentum after a drop in second quarter economic sentiment prompted by inflation concerns. This quarter’s score extends the index’s streak to eight...
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October 26, 2022, 07:15 AM
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PNC Bank announced Charles P. “Chuck” Denny will retire as Regional President for Louisville on March 31, following a distinguished 41-year career with the bank. Succeeding Denny is Kristen Byrd, a 20-year PNC banking veteran and native Louisvillian...
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February 18, 2022, 07:20 AM
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The October 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third...
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November 11, 2021, 07:07 AM
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BOK Financial has named Brad Vincent the leader of the company’s specialized industry banking areas. Vincent, who previously built and led the company’s healthcare banking division, will now oversee energy, commercial real estate, treasury services...
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August 25, 2021, 07:18 AM
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Webster Bank announced it is expanding its commitment to the transportation and logistics industry with the addition of Nick Weaver as Senior Vice President, Regional Manager, Middle Market Banking. Weaver will report to Scott Meves, Regional...
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June 09, 2021, 07:14 AM
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First Foundation Inc., a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, and TGR Financial, Inc. jointly announced the execution of a definitive agreement under which TGR...
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June 04, 2021, 07:22 AM
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Spencer Mierzejewski, Senior Legal Counsel with Wolters Kluwer Compliance Solutions, will share insights on benefits for banks in adopting electronic document processes in a panel discussion, “Navigating E-Docs,” as part of the Equipment & Leasing...
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May 26, 2021, 07:00 AM
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Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets, is expanding the bank’s Midwest presence based in Chicago as part of the bank’s national expansion. The bank is also opening new commercial banking...
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May 13, 2021, 07:16 AM
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The Office of the Comptroller of the Currency (OCC) has selected Kelly Skalicky, CEO and President, Stearns Bank N.A., along with six additional new committee members, to serve on its Minority Depository Institutions Advisory Committee (MDIAC). The...
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March 24, 2021, 07:15 AM
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Merchants Bank and The First National Bank of Northfield have reached a definitive agreement for Merchants to acquire the Northfield banking institution, according to Gregory M. Evans, President and CEO of Merchants Financial Group, Inc. and...
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April 23, 2019, 07:15 AM
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HSBC US Commercial Banking announced that it has teamed up with Neptune Financial (NepFin) to better serve the capital needs of middle market businesses in the United States. Through this partnership, firms doing business with NepFin will now be able...
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February 28, 2019, 07:10 AM
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SunTrust Banks, Inc. and BB&T Corporation announced both companies' boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the...
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February 07, 2019, 07:30 AM
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Most large banks said that providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programs, and many expect Open Banking to help them achieve double-digit revenue growth, according...
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December 07, 2018, 07:12 AM
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As technology and ongoing competitive disruption force banks to reinvent themselves, the risk management function must undergo a revolution in risk management professionals balancing their roles and operating models, according to a new report...
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November 21, 2018, 07:20 AM
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Despite widespread economic and business optimism among small business owners, many are feeling underappreciated by their banks. According to the J.D. Power 2018 U.S. Small Business Banking Satisfaction Study, just 37 percent of small business...
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November 01, 2018, 07:11 AM
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Wells Fargo & Company announced Lisa Stevens, Regional Banking executive for the Western Region, has decided to leave Wells Fargo after a 29-year career. Stevens will depart in late October.Stevens began her career with Wells Fargo in 1989. She...
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October 02, 2018, 07:15 AM
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Ninety percent of U.S. bank chief executives (CEOs) are very confident about the growth prospects for their companies over the next three years, with mergers and acquisitions (M&A) and third-party strategic alliances helping fuel this growth...
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July 24, 2018, 07:20 AM
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Capital One announced Lou Mastrianni has been named Northeast Market Manager for its Middle Market Banking group. In this role, he will lead the team focused on supporting clients in the Northeast, including New York City. He will report to Steve...
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June 20, 2018, 07:20 AM
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U.S. bank profits are projected to reach pre-crisis levels but CECL could slow overall balance sheet growth, according to a new report from S&P Global Market Intelligence that also questions the benefits of newly enacted tax reforms.S&P Global Market...
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June 01, 2018, 07:15 AM
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Competitive pressures from banks and nonbanks are contributing to easing in underwriting, increasing the risk that sound pricing structures and practices may be compromised, according to a new report from the Office of the Comptroller of the Currency...
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May 30, 2018, 07:13 AM
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Bank lending to small businesses, a major contributor to local economies and job creation around the country, is still depressed several years after the end of the U.S. financial crisis that started in 2008, according to a new study by faculty at...
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January 24, 2018, 07:20 AM
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Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released the following statement on the Senate's passage of the pro-growth Tax Cuts and Jobs Act (H.R. 1).“With the Senate’s passage of its tax reform bill, ICBA and...
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December 04, 2017, 07:15 AM
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From the third quarter Phoenix Management “Lending Climate in America” Survey, results shows a marked shift in lenders outlook on the U.S. economy in both the near and long term.The Q3 2017 survey results reversed the recent trend of expectations for...
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October 17, 2017, 07:14 AM
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Blumberg Capital's Annual FinTech Survey finds more than two-thirds of Americans are looking for banks to provide new FinTech solutions.
Consumers remain loyal to big banks despite a majority of Americans believing that traditional financial...
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October 12, 2017, 07:19 AM
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Risk in the portfolio of large syndicated bank loans declined slightly but remains elevated, according to the Shared National Credit (SNC) Program Review released by the Federal Reserve Board (Federal Reserve), the Federal Deposit Insurance...
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August 04, 2017, 07:25 AM
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PayNet and Mirador announce an advanced integration of technology services for a mutual bank customer. This enhancement provides access to new predictive data and risk management tools that improve credit decisions and operational efficiencies in the...
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June 13, 2017, 07:09 AM
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Business owners are more optimistic than any time in the eight year history of the U.S. Bank Small Business Annual Survey. Times are good and they're getting better, although there are still challenges ahead, according to the survey. Owners are...
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May 02, 2017, 08:12 AM
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Signature Bank announced it was named Best Commercial Bank of the Year in the United States in the International Banker 2017 North and South American Awards. The International Banker annual banking awards were established to identify leading banking...
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March 31, 2017, 07:10 AM
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Financial research firm Greenwich Associates recently named Huntington one of the top banks for businesses nationally with the presentation of Greenwich Best Brand Awards for ease of doing business with middle-market companies and small businesses...
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January 13, 2017, 07:16 AM
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From the fourth quarter Phoenix Management "Lending Climate in America" Survey, results shows a positive outlook on the U.S. economy in both the near and long term. Lenders confidence on how they expect the U.S. economy to perform beyond the next 6...
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December 19, 2016, 07:40 AM
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Comptroller of the Currency Thomas J. Curry announced that the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national...
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December 05, 2016, 07:15 AM
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BankFinancial Corporation announced its conversion to a Bank Holding Company registered with the Federal Reserve Board effective at the close of operations on November 30, 2016. Concurrently, its wholly-owned bank subsidiary will become BankFinancial...
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December 01, 2016, 07:05 AM
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The October 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. This summary discusses the...
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November 14, 2016, 07:14 AM
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The first Worldwide Semiannual Security Spending Guide from International Data Corporation (IDC) forecasts worldwide revenues for security-related hardware, software, and services will grow from $73.7 billion in 2016 to $101.6 billion in 2020. This...
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October 17, 2016, 07:15 AM
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The FASB's new standard on accounting for credit losses on financial instruments will affect U.S. banks' reserving practices, says Fitch Ratings. However, it will be manageable as banks have adequate time to prepare for implementation. The new...
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July 21, 2016, 07:13 AM
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The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and...
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June 22, 2016, 07:15 AM
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Increasing competition and regulatory pressures are encouraging more community banks to offer equipment leasing products to their customers. Independent Banker, a publication of the Independent Community Bankers of America, is sponsoring a webinar at...
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April 04, 2016, 07:10 AM
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Western Independent Bankers (WIB), a trade association which markets to over 600 community and regional banks, announced that it will partner with Bizfi, a financial technology company that provides a wide range of financing options for small...
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March 18, 2016, 07:12 AM
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Fortune magazine named U.S. Bancorp the most admired superregional bank today, the sixth consecutive year that it has topped the list. “Integrity and ethics are fundamental to how we do business," said Richard Davis, chairman and chief executive...
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February 22, 2016, 07:03 AM
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The country’s biggest banks have established themselves as the strongest brands among U.S. middle market companies—a segment that is growing in the form of increased demand for credit and other banking services. Meanwhile, the list of strongest bank...
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December 03, 2015, 07:09 AM
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According to a report from Greenwich Associates, for the past two years, small businesses and mid-sized companies have become increasingly happy about the status of their banking relationships. For qualified borrowers, credit has been widely...
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March 30, 2015, 07:03 AM
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Faced with losing market share to non-traditional competitors, senior bank executives say they are squarely focused on improving the customer experience and transforming their businesses at the strategic, operational and structural level, according...
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July 29, 2014, 07:00 AM
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According to a Bloomberg report, Banks’ loan-loss reserves may jump 50% under a proposed U.S. accounting-rule change that redefines how quickly firms must recognize bad debts, standard-setters said. The report outlines how the proposed rule pushes...
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December 21, 2012, 07:00 AM
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Less than one third (27.5%) of bankers believe their local economy will improve in the next six months, according to Grant Thornton LLP’s annual Bank Executive Survey, conducted in conjunction with Bank Director. The results reflect a steep drop from...
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August 17, 2012, 07:33 AM
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Bloomberg reported that the Federal Reserve and Chairman Ben Bernanke may be taking another look at cutting the interest rate the Fed pays on bank reserves to bring down short-term borrowing costs and spur the slowing U.S. expansion. According to the...
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July 30, 2012, 07:00 AM
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Bloomberg reported that JPMorgan Chase’s trading losses from credit derivatives trading may total as much as $9 billion according to a report issued by the New York Times. On May 10, JPMorgan Chief Executive Officer Jamie Dimon reported the bank lost...
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June 28, 2012, 07:45 AM
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Bloomberg reported JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told Congress the bank let traders take risks they didn’t understand, but did not answer questions about more than $2 billion in trading losses.According to the report, Dimon...
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June 13, 2012, 07:40 AM
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Bloomberg reported that Moody’s Investors Service will start cutting the credit ratings of more than 100 banks this month, a move that risks pushing up their funding costs and forcing them to curb lending in a threat to economic growth.
According to...
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May 09, 2012, 07:30 AM
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Growth projections remain strong among executives surveyed for PwC US’s Private Company Trendsetter Barometer: 78% expect positive growth over the next 12 months, with 35% projecting double-digit growth and 43% forecasting single-digit growth. The...
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February 08, 2012, 06:30 AM
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