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News Stories (211 Results) - Banking News

Wells Fargo appointed Derek Flowers as the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a... Read Story
January 19, 2022, 08:03 AM


Bridge Bank is expanding its national focus on Startup Banking with a key hire, Kelly Caviglia. She joins the Technology Banking group to spearhead the bank’s ongoing work with early-stage tech and innovation companies to support their banking needs... Read Story
January 19, 2022, 07:00 AM


American Bank announced the acquisition of ACG Equipment Finance (ACG), a fully integrated direct equipment financing company headquartered in Austin, TX. The acquisition is another milestone in American Bank’s growth strategy, enhances the bank’s... Read Story
January 07, 2022, 07:14 AM


Mitsubishi UFJ Financial Group (MUFG) announced the hiring of Kimberly Boulmetis as a Managing Director and Head of U.S. Financial Institutions for the Debt Capital Markets group.Based in New York, Ms. Boulmetis will assume her new role in January... Read Story
January 06, 2022, 08:00 AM


Provident Bank announced that Brian Rafanello has joined the Bank as Senior Vice President, Head of Treasury Management.Rafanello is based in the Bank’s Iselin, N.J. administrative headquarters and is responsible for leading the sales, service and... Read Story
January 05, 2022, 07:00 AM


First Citizens BancShares, parent company of First-Citizens Bank & Trust Company announced completion of its previously announced merger with CIT Group. North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on... Read Story
January 04, 2022, 08:00 AM


WSFS Financial Corporation, the parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation, and its primary subsidiary, The Bryn Mawr Trust Company, as of January 1, 2022. In addition, in accordance with the merger... Read Story
January 04, 2022, 07:52 AM


First Financial Bancorp. announced it has completed its previously announced acquisition of Cincinnati-based Summit Funding Group, Inc., the fourth largest independent equipment financing platform in the United States. “We are excited about the... Read Story
January 04, 2022, 07:35 AM


Simmons Bank announced the creation of a new Corporate Banking Division. This new unit will provide Simmons Bank the ability to consolidate specialized lines of business loans aligning commercial and equipment finance, government and institutional... Read Story
December 27, 2021, 08:01 AM


Goldman Sachs BDC announced that Alex Chi and David Miller, co-heads of Goldman Sachs Asset Management Private Credit in the Americas, will become co-CEOs and co-Presidents of Goldman Sachs BDC, Inc., effective March 2022. After a 15-year career at... Read Story
December 21, 2021, 08:06 AM


WSFS Financial Corporation, the parent company of WSFS Bank, and Bryn Mawr Bank Corporation (BMTC), the parent company of The Bryn Mawr Trust Company, jointly announced WSFS has received all required approvals to acquire BMTC, and to merge its... Read Story
December 21, 2021, 07:52 AM


BMO Financial Group, and its indirect wholly owned Chicago-based subsidiary BMO Harris Bank announced the signing of a definitive agreement with BNP Paribas to acquire Bank of the West and its subsidiaries, with assets as of Sept. 30, 2021, of... Read Story
December 20, 2021, 08:05 AM


Webster Financial Corporation and Sterling Bancorp jointly announced that Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger between the two companies. As... Read Story
December 20, 2021, 08:02 AM


First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group the parent company of CIT Bank, jointly announced that their previous proposal to merge the two companies has received approval from the Board of... Read Story
December 20, 2021, 07:47 AM


Synovus announced the launch of a new restaurant finance team focused on helping restaurants across the country execute strategic plans for growth while fostering relationships with established and up-and-coming names in the sector. Residing in... Read Story
December 20, 2021, 07:08 AM


According to a Bloomberg report, Bank of Montreal has expressed interest in buying BNP Paribas SA’s U.S. banking arm, according to people familiar with the matter. BMO has held initial talks about an acquisition of BNP Paribas’s Bank of the West unit... Read Story
December 17, 2021, 08:03 AM


Bank of America has named Rita Sola Cook as President of Bank of America Chicago. Cook succeeds Paul Lambert, who announced his retirement after 30 years with the company.As Chicago president, Cook will be responsible for connecting the banking and... Read Story
December 17, 2021, 07:54 AM


First Republic Bank’s Board of Directors announced leadership transitions effective Jan. 1, 2022.Founder, Chairman and Co-CEO Jim Herbert will take a medical leave of absence from his executive position in response to a recent medical recommendation... Read Story
December 14, 2021, 08:04 AM


Lakeland Bancorp and 1st Constitution Bancorp announced that on December 10, 2021, the Federal Reserve Bank of New York issued a non-objection to Lakeland’s request to waive the application requirement in connection with the proposed merger of 1st... Read Story
December 14, 2021, 06:00 AM


Regions Bank announced Leo Loughead has been elevated to lead the bank’s Financial Services Group, part of Regions’ Specialized Industries division within Corporate Banking.Based in Atlanta, Loughead joined Regions in 2018 as a managing director for... Read Story
December 10, 2021, 07:29 AM


Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, announced Matt Scurlock, Executive Vice President, Corporate Treasurer, will transition into the role of Executive Vice President, Chief Financial Officer, effective Jan. 1... Read Story
December 10, 2021, 07:24 AM


First Financial Bancorp. announced it has entered into an agreement to acquire Cincinnati, OH-based Summit Funding Group, Inc., the fourth-largest independent equipment financing platform in the United States. "We are very excited to join forces with... Read Story
December 08, 2021, 07:45 AM


SVB Financial Group, the parent of Silicon Valley Bank, announced the continued growth of the Tech Investment Banking team with additional hires in the Internet, Consumer / Marketing Software, Fintech, and Enterprise Software sectors along with the... Read Story
December 07, 2021, 07:55 AM


Regions Bank completed its acquisition of Sabal Capital Partners, a diversified financial services firm that leverages an innovative, technology-driven origination and servicing platform to facilitate off-balance-sheet lending in the small balance... Read Story
December 06, 2021, 07:14 AM


Mitsubishi UFJ Financial Group announced that Raymond Fattell has been named Head of Transaction Banking Americas. In this position, Fattell will lead the Transaction Banking business in the United States, Latin America, and Canada, responsible for... Read Story
November 30, 2021, 07:58 AM


Synovus Bank announced the appointment of Tom Dierdorff as its new Head of Corporate & Investment Banking (CIB). Dierdorff most recently served as Managing Director and Group Head of Financial Services for Regions Bank and Regions Securities.Prior to... Read Story
November 30, 2021, 07:52 AM


BOK Financial has made changes within its leadership team to better position the company for growth in the coming years.Marc Maun has been named Regional Banking executive for Arizona, Colorado, Kansas, Missouri, New Mexico and Oklahoma, and will... Read Story
November 24, 2021, 08:00 AM


CIBC Innovation Banking announced the expansion of its New York City office with a series of new hires and promotions, as the group continues its strategic growth in key technology, life science, and clean tech markets in North America and the... Read Story
November 23, 2021, 08:07 AM


Wells Fargo announced that Mike Riley and Dan Thomas have been named co-heads of the Markets division of the Corporate & Investment Bank (CIB). Riley and Thomas will lead all of CIB’s markets-driven activities, including: Asset-Backed Finance... Read Story
November 23, 2021, 08:05 AM


Investors Bancorp, Inc. announced stockholders of the company approved the planned merger with Citizens Financial Group, Inc. at a special meeting of the company's stockholders. The transaction is expected to close in the first half of 2022, subject... Read Story
November 22, 2021, 07:10 AM


Anubhav Shrivastava has been named the new Head of CB Global Trade for JPMorgan Chase Commercial Banking. In this role, Anubhav will lead a team responsible for helping commercial banking clients access tailored financial solutions to manage their... Read Story
November 17, 2021, 08:02 AM


Regions Bank announced Brad Kimbrough will retire on Feb. 28, 2022, following a nearly 29-year career at the bank, the last 14 of which he has served as Controller and Chief Accounting Officer. Kimbrough will be succeeded as Controller by Anil Chadha... Read Story
November 17, 2021, 07:41 AM


Reuters reported that BNP Paribas is working with advisers to assess a sale of its U.S. arm Bank of the West as it seeks to retreat from the American retail banking market after struggling to compete with larger and better capitalized rivals, three... Read Story
November 16, 2021, 08:05 AM


Citizens Financial Group has completed its acquisition of JMP Group LLC ("JMP"), a capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare... Read Story
November 16, 2021, 07:05 AM


Patriot National Bancorp, Inc., the parent company of Patriot Bank, N.A., and American Challenger Development Corp., announced they have entered into a definitive agreement under which Patriot will acquire American Challenger via a reverse subsidiary... Read Story
November 16, 2021, 07:00 AM


Bridge Bank issued an accounts receivable-based $4 million line of credit to Ride Health, a New York City-based healthcare technology and services company focused on patient transportation. The line of credit will be used to support working capital... Read Story
November 11, 2021, 07:41 AM


U.S. Bank announced several company-wide commitments to address the impacts of climate change on its business, customers and communities, including: Setting a goal to achieve Net Zero greenhouse gas emissions (GHG) by 2050 Setting a goal to... Read Story
November 11, 2021, 07:09 AM


Bank of America named Al McRae as President of Bank of America Atlanta. McRae succeeds Wendy Stewart, who was recently named a member of the company’s senior management team and the President of Global Commercial Banking.Stewart will continue to be... Read Story
November 10, 2021, 07:52 AM


Texas Capital Bancshares, the parent company of Texas Capital Bank announced that Jay Clingman has been appointed to the newly created role of Vice Chairman of Commercial Banking, effective November 15, 2021. Clingman will report to President and... Read Story
November 10, 2021, 07:35 AM


Flagstar Bank has named Michael Adler as executive vice president and head of Wholesale Banking, which encompasses all commercial client coverage teams, treasury management sales, commercial real estate, as well as non-mortgage capital markets, and... Read Story
November 10, 2021, 07:20 AM


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... Read Story
November 09, 2021, 07:50 AM


Wells Fargo announced the organizational structure for its Restaurant Finance banking team, a group that supports one of the industries most impacted by the pandemic. “Restaurant owners have faced unimaginable challenges over the past 18 months. We... Read Story
November 08, 2021, 08:09 AM


Cadence Bank announced the successful closing of its previously announced merger in which legacy Cadence Bancorporation merged into BancorpSouth Bank, with BancorpSouth as the surviving company. Upon the completion of the merger, BancorpSouth was... Read Story
November 01, 2021, 07:44 AM


Stearns Bank announced Norman (Norm) Skalicky, Chairman of its Board of Directors and the Boards of its holding company and affiliate banks, will be retiring and transitioning to Emeritus status, stepping away from active participation in the... Read Story
October 29, 2021, 07:00 AM


After almost 35 years with the Bank, Teri Currie, Group Head, Canadian Personal Banking, has informed TD of her intention to retire at the end of January 2022. Upon her retirement, she will be appointed to TD's U.S. Board of Directors, effective... Read Story
October 28, 2021, 08:07 AM


PNC Bank announced the appointment of two new regional presidents in California, further expanding its local leadership and decision-making model in the state. Jarrod Ingle joins PNC as the regional president and head of Corporate Banking for the... Read Story
October 27, 2021, 07:57 AM


Wells Fargo announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking, effective immediately. She reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.An industry leader in serving middle market companies, Wells... Read Story
October 25, 2021, 08:00 AM


M&T Bank Corporation announced it has received approval from the New York State Department of Financial Services and the Connecticut Department of Banking to complete the merger of M&T Bank with People's United Bank.  The combined bank will create a... Read Story
October 22, 2021, 07:00 AM


Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that John R. Saffioti, Jr has joined the bank’s Capital Finance division as Underwriter, Asset Based Lending. He will report to Dave Viggiano, ABL Business Leader... Read Story
October 21, 2021, 07:52 AM


KeyBanc Capital Markets (“KBCM”), the corporate and investment banking arm of Cleveland-based KeyCorp, announced the addition of two industry veterans to its Fixed Income Sales & Strategy team: Rick Turnage and Rob Bonds. Turnage, a Managing Director... Read Story
October 21, 2021, 07:27 AM


Bank of America announced its current portfolio of loans, deposits and investments to Community Development Financial Institutions (CDFIs) now exceeds $2 billion. This includes approximately $100 million in deposits to minority depository... Read Story
October 20, 2021, 07:22 AM


U.S. Bank named Troy Remington as Chief Credit Officer. Remington has been serving as interim chief credit officer since early August, when the former chief credit officer accepted a new leadership role within the company. Remington will report to... Read Story
October 18, 2021, 08:05 AM


Wells Fargo Corporate & Investment Bank (CIB), announced that it has appointed Vanessa Rodriguez to lead Community Lending and Investment (CLI) within its Commercial Real Estate (CRE) group. Wells Fargo’s CLI group is one of the top investors in... Read Story
October 18, 2021, 07:00 AM


J.P. Morgan Commercial Banking has appointed Kathryn McDonough as Co-Head of Healthcare for the Middle Market Banking & Specialized Industries (MMBSI) business, leading coverage for Life Sciences companies. McDonough will lead MMBSI’s national team... Read Story
October 15, 2021, 08:00 AM


Capital One entered into a definitive agreement to acquire TripleTree, LLC (TripleTree), a leading investment banking advisory platform serving market-leading healthcare companies, headquartered in Minneapolis, MN, with offices in New York.... Read Story
October 15, 2021, 07:57 AM


BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, announced their proposed merger has received final Federal Deposit Insurance Corporation approval. The FDIC approval follows recent approvals from the Mississippi... Read Story
October 15, 2021, 07:21 AM


ORIX Corporation USA (ORIX USA) announced the appointment of Jordan Robinson as Managing Director and Head of Investor Solutions within its asset management business. Robinson joins the firm from Fairview Capital Group, where he was Senior Partner... Read Story
October 14, 2021, 07:50 AM


J.P. Morgan is expanding its Commercial Banking business in South Korea to provide midcap companies with access to leading financial capabilities, a strong global network and deep market expertise. This marks the 19th country Commercial Banking has... Read Story
October 14, 2021, 06:00 AM


The PNC Financial Services Group completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank.The simultaneous conversion of BBVA USA customers and employees to PNC's network... Read Story
October 13, 2021, 07:16 AM


Bell Bank expanded its commercial banking team, hiring new talent and promoting the “next generation” of commercial banking and market leaders as part of the company’s ongoing growth in the greater Twin Cities market. Most recently, Bell promoted Jon... Read Story
October 13, 2021, 07:07 AM


Columbia Banking System, the parent company of Columbia State Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, have entered into a definitive agreement under which the companies will join together in an all-stock... Read Story
October 12, 2021, 07:56 AM


Craig Wanichek, President and Chief Executive Officer of Summit Bank, announced the promotion of Chris Hemmings to Chief Operating Officer of the Bank.Hemmings has been with Summit Bank since 2008 and has served in various capacities, most recently... Read Story
October 12, 2021, 07:00 AM


First Bancorp, the parent company of First Bank, announced changes in the management team of the Company and the Bank. Adam Currie will become Chief Banking Officer of First Bank; Elizabeth B. Bostian will become General Counsel and Chief Financial... Read Story
October 11, 2021, 07:53 AM


Hancock Whitney expanded the number of financial experts serving the Greater New Orleans region.Hancock Whitney senior vice presidents Elizabeth Hefler and Billy Hoffmann, two longtime Hancock Whitney financial services professionals serving South... Read Story
October 11, 2021, 07:42 AM


Bank of America announced that as a result of the bank’s strong growth and continued expansion in Ohio, the company is appointing two additional presidents which will bring an increased focus and resources in Cincinnati, Cleveland and Columbus.Jeneen... Read Story
October 08, 2021, 07:55 AM


TAB Bank announced that Scott Franzen will join its Sales Team as a Vice President and Business Development Officer. In this role, Franzen will be responsible for sourcing new business opportunities in the upper Midwest region.Based in Albertville... Read Story
October 05, 2021, 07:30 AM


Sterling Bancorp, the thrift holding company for Sterling Bank and Trust, F.S.B. (the “Bank”), announced that Karen Knott, current Senior Vice President and Controller, has been promoted to the role of Chief Financial Officer of the Company and the... Read Story
October 04, 2021, 08:00 AM


Banc of California and Pacific Mercantile Bancorp announced that all required regulatory approvals for the mergers of Pacific Mercantile into the Company and Pacific Mercantile Bank into Banc of California, N.A. have been received. Subject to the... Read Story
October 04, 2021, 07:46 AM


First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, jointly announced that the two companies have agreed to extend the merger agreement from October 15, 2021, to March 1... Read Story
October 01, 2021, 08:00 AM


Citizens Financial Group, Inc. announced Sarah Lindstrom will become Head of Business Banking, effective Oct. 4. Lindstrom will report to Simon Griffiths, Head of Core Banking for Citizens’ consumer bank. Lindstrom joined Citizens in 2017 and was... Read Story
October 01, 2021, 07:58 AM


HSBC Bank Canada announced the launch of five new sustainable finance tools for commercial and global banking clients. Available to Canadian businesses of all sizes, Green Deposits, Green Trade Finance, Green Revolving Credit Facilities... Read Story
September 28, 2021, 07:54 AM


J.P. Morgan Private Capital appointed Luke Sikora as a Partner of its Growth Equity Partners platform. Sikora will serve as a member of the Investment Committee and help lead the platform's investing efforts on the West Coast. Based in Palo Alto... Read Story
September 28, 2021, 07:52 AM


CIBC Innovation Banking announced the opening of its new office in London to support the ambitions of UK-based entrepreneurs and their Venture Capital-backers by providing growth capital across a number of innovation ecosystems.Since the launch of... Read Story
September 28, 2021, 07:32 AM


John Vogiatjis has been named the new head of the diversified finance group (DFG) for commercial banking at J.P. Morgan. Vogiatjis joined the firm in 2017 as a banker on the DFG team, covering nonbank lenders, sustainable finance and financial... Read Story
September 27, 2021, 08:00 AM


Peapack-Gladstone Financial and Peapack-Gladstone Bank appointed Diane Conboy, Senior Managing Director, Market President. Operating out of the Bank’s newest private banking location in Red Bank, New Jersey, she will lead a team of commercial private... Read Story
September 27, 2021, 07:34 AM


Fifth Third Bank appointed Michele Mullins as the Company’s first climate risk officer. The role expands Mullins’ duties as director of enterprise risk governance and business support, and reflects the Bank’s commitment to environmental... Read Story
September 27, 2021, 07:30 AM


Valley National Bancorp and Bank Leumi Le-Israel Corporation announced today they have entered into a definitive merger agreement whereby Valley will acquire Leumi, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA... Read Story
September 24, 2021, 08:00 AM


Truist Securities announced that Lorenzo Paoletti has joined the firm as managing director to lead the Biotech investment banking team. Working together with Michael Allwin, who joined Truist Securities in August as managing director, these... Read Story
September 24, 2021, 07:50 AM


Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team has extended an $8 million credit facility to The Ockers Company, an information... Read Story
September 23, 2021, 07:55 AM


Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that Brett Crabtree has joined the bank’s Asset Based Lending division as Managing Director, ABL Originations. He will report to Dave Viggiano, Business Leader, Asset... Read Story
September 23, 2021, 07:36 AM


HSBC Global Commercial Banking announced that Martin Richards has been appointed Global Head of Sustainable Finance – Client Infrastructure for Commercial Banking. In this role, he will focus on delivering market-leading sustainable finance solutions... Read Story
September 22, 2021, 07:45 AM


U.S. Bancorp has entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group in a transaction that will bring together two premier organizations with a focus on being the leader... Read Story
September 21, 2021, 08:05 AM


Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announce the appointment of Diane Conboy, Senior Managing Director, Market President. Operating out of the Bank’s newest private banking location in Red Bank, New Jersey, she will... Read Story
September 21, 2021, 07:19 AM


Peoples Bancorp Inc., parent company of Peoples Bank, announced it has completed its acquisition of Premier Financial Bancorp, Inc. and Premier's wholly owned subsidiaries, Premier Bank, Inc. and Citizens Deposit Bank & Trust, Inc. Peoples and... Read Story
September 20, 2021, 07:36 AM


Mitsubishi UFJ Financial Group Inc. is considering selling its U.S. banking arm, as consolidation heats up in the American financial industry, people familiar with the matter said, Bloomberg reported. According to Bloomberg, the Japanese lender is... Read Story
September 17, 2021, 08:04 AM


Bank of America announced senior leadership changes to position the company for long-term success, while continuing to deliver for clients, communities and shareholders.The company is adding five new members, including three women, to the senior... Read Story
September 10, 2021, 08:09 AM


Associated Banc-Corp announced plans for the expansion of its lending capabilities, growth of its core businesses and transformation of its digital strategy. These plans include new higher-margin lending verticals and digital investments which are... Read Story
September 10, 2021, 07:58 AM


BHI announced that its Food & Beverage Group closed a total of $100 million in new financing transactions. The robust volume of transactions reflects the continued expansion of BHI’s Food & Beverage Group.For Citromax Group and Citromax International... Read Story
September 10, 2021, 07:55 AM


Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced Michael Bonsey has joined the bank as Chief Credit Officer. Bonsey’s charge is to maintain the standing of the... Read Story
September 10, 2021, 07:40 AM


Crédit Agricole CIB appointed Danielle Baron as Global Head of Structured Finance. She reports to Jean-François Balaÿ, Deputy Chief Executive Officer of Crédit Agricole CIB and becomes a member of the Management Committee of the Bank. She was... Read Story
September 10, 2021, 07:34 AM


Bank of America has named Marc Perez as President of Bank of America Long Island. Perez succeeds Bob Isaksen, who held the position for 17 years and will continue in his role as the region’s business banking market executive and an active local... Read Story
September 10, 2021, 07:20 AM


Citizens Financial Group and JMP Group have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a highly regarded capital markets firm that provides investment banking services... Read Story
September 08, 2021, 08:08 AM


SVB Financial Group ("SVB"), the parent of Silicon Valley Bank, has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment... Read Story
September 08, 2021, 08:03 AM


Wells Fargo announced that Perry Pelos will retire from the company in April 2022 and that Kyle Hranicky, Head of Middle Market Banking, will succeed Perry as CEO of its Commercial Banking segment, effective immediately. Hranicky will report to CEO... Read Story
September 07, 2021, 08:09 AM


Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, announced key updates to the company’s go-forward strategy.Rob C. Holmes, President and CEO, said, “When I joined as CEO in January, I committed to formulating a detailed... Read Story
September 07, 2021, 06:00 AM


Asset-based lending grew modestly in the second quarter for banks and more significantly for other lenders, according to data released by the Secured Finance Network (SFNet). The association surveyed 36 bank and non-bank asset-based lenders (ABLs) on... Read Story
September 03, 2021, 07:37 AM


Texas Capital Bank announced that Daniel S. Hoverman has been appointed as Executive Vice President of Texas Capital Bank and Managing Partner and President of TCBI Securities, Inc., effective immediately.In this newly created role, Hoverman will... Read Story
September 02, 2021, 07:45 AM


Pasadena Private Finance closed on a $30,000,000 senior credit facility with East West Bank, the largest publicly traded bank headquartered in Southern California, with an expertise in lending to specialty finance companies.The Credit Facility has a... Read Story
September 02, 2021, 07:40 AM


Eastern Bank is providing $23 million in financing, which includes a revolving line of credit as well as financing for various real estate to Metropolitan Cabinets & Countertops (Metropolitan), a new commercial banking customer. Founded in 1984... Read Story
September 02, 2021, 07:00 AM


Wells Fargo announced that Talena Hooper has been named division executive to lead its Commercial Banking Great Plains division. Based in Kansas City, Hooper now oversees commercial banking operations across Arkansas, Iowa, Kansas, Missouri, and... Read Story
August 31, 2021, 08:00 AM


Old Point National Bank expanded its Richmond, Virginia team with the addition of three new Commercial Relationship Managers.Robert Campbell has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial... Read Story
August 31, 2021, 06:47 AM


Republic First Bancorp, the holding company for Republic Bank, announced that its subsidiary, Republic Bank, named Peter Musumeci as the Market President for Metro New York, including New York City, Long Island, Westchester County and Northern New... Read Story
August 30, 2021, 08:10 AM


Bank of Marin announced the retirement of Beth Reizman, Executive Vice President, Chief Credit Officer. Ms. Reizman, age 62, will retire on January 3, 2022. In the interim, on September 30, 2021, Ms. Reizman will step down from her role as Chief... Read Story
August 30, 2021, 07:35 AM


Mid Penn Bank announced that Executive Vice President, Joan Dickinson, has been promoted to Chief Retail Officer of the Bank.In her new role as Chief Retail Officer, Dickinson will continue to report to Scott Micklewright, Chief Revenue Officer, and... Read Story
August 25, 2021, 07:00 AM


Truist Bank is combining its Banking Operations and Corporate & Institutional Group (CIG) Operations and launching a global services capability to create a new center of excellence (CoE) – Enterprise Operations and Global Services – under the Digital... Read Story
August 23, 2021, 07:46 AM


Nathan Sheets, Ph.D. will be returning to Citi as its new Global Chief Economist, based in New York, overseeing the global Economics team and leading research across all areas of economics.Sheets re-joins Citi from PGIM Fixed Income, where he was... Read Story
August 23, 2021, 07:26 AM


Fifth Third Private Bank, a division of Fifth Third Bank, announced the creation of the Business Transition Advisory team, dedicated to preparing business owners financially and personally for a business transition or liquidity event. Leading the... Read Story
August 20, 2021, 08:03 AM


Wells Fargo announced that Paul Camp has been named head of Global Treasury Management. Most recently CEO of Treasury Services at BNY Mellon, he will join the company in November, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial... Read Story
August 20, 2021, 07:32 AM


Fortis announced Jeremy Sorensen as the Commercial Market President of its Utah Market. As market president, Sorensen will lead the strategy and management of the bank's Commercial Banking team in Utah in partnership with Josh Peters, Chief Lending... Read Story
August 20, 2021, 07:15 AM


The PNC Financial Services Group announced it is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC's long-standing support for accelerating the transition to a low-carbon economy, and... Read Story
August 19, 2021, 08:00 AM


Truist Financial Corporation announced its new executive leadership structure, effective Sept. 1. President and Chief Operating Officer William H. Rogers Jr. will succeed Kelly S. King as chief executive officer on Sept. 12, 2021, as previously... Read Story
August 18, 2021, 08:11 AM


MUFG announced that Brian Gunn will join the company as Chief Risk Officer for MUFG Americas Holdings Corporation and its primary banking subsidiary, MUFG Union Bank, effective September 13, 2021. Gunn succeeds Donna Dellosso, who announced her... Read Story
August 18, 2021, 08:05 AM


Webster Financial Corporation and Sterling Bancorp jointly announced that each company's stockholders have approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders held today. The final voting... Read Story
August 18, 2021, 07:42 AM


BHI promoted Oleg Kochanov to the position of Chief Credit Officer. Kochanov, who joined BHI in 2019 as Senior Vice President, Head of Credit Underwriting, has more than 20 years of experience in loan underwriting, structuring, and portfolio and... Read Story
August 17, 2021, 07:29 AM


Louis Vachon, President and Chief Executive Officer of National Bank of Canada, announced his intention to retire Oct. 31, after nearly 15 years in the role. Concurrently, the Board of Directors announced that Laurent Ferreira, Chief Operating... Read Story
August 13, 2021, 07:47 AM


Truist Financial Corporation announced Fadie "Freddy" Itayem has been named Corporate Treasurer, effective Sept. 3. Itayem will report to Chief Financial Officer Daryl Bible and will be responsible for all Truist corporate treasury activities... Read Story
August 12, 2021, 07:13 AM


Wells Fargo announced that Charles H. Noski will retire as chairman and a member of Wells Fargo’s Board of Directors. Noski has stepped down as chairman, and he will remain as a director until he retires on Sept. 30, 2021, to facilitate the... Read Story
August 10, 2021, 08:00 AM


BancorpSouth Bank shareholders voted to approve its merger with Cadence Bancorporation, the parent company of Cadence Bank, during a special meeting of its shareholders. This is a critical step toward completing the previously announced merger... Read Story
August 10, 2021, 07:20 AM


BOK Financial Corporation named Stacy Kymes President and CEO effective April 1, 2022, upon the retirement of Steven G. Bradshaw. Kymes has also been appointed to the company’s board of directors effective August 3.Kymes, who has been with the... Read Story
August 05, 2021, 07:34 AM


Newtek Business Services, an internally managed business development company (“BDC”), entered into an agreement to acquire National Bank of New York City (“NBNYC” or the “Bank”), a nationally chartered bank with approximately $204 million in total... Read Story
August 03, 2021, 07:44 AM


TD Bank appointed Hugh W. Allen as Regional President for its Mid-South Metro, which includes Virginia, Maryland, the District of Columbia, Delaware, North Carolina and South Carolina.In this role, he will provide strategic direction and sales... Read Story
August 02, 2021, 07:41 AM


Christopher J. Murphy III, Chairman and CEO of 1st Source Corporation announces the Board of Directors’ promotion of Brett Bauer to Chief Financial Officer and Treasurer of 1st Source Corporation and 1st Source Bank with responsibility for Accounting... Read Story
July 29, 2021, 07:58 AM


Citizens Financial Group and Investors Bancorp announced that they have entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.The... Read Story
July 28, 2021, 08:20 AM


Wells Fargo announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of... Read Story
July 27, 2021, 08:08 AM


WSFS Financial Corporation, the parent company of WSFS Bank, received approval from the Office of the Comptroller of the Currency (OCC) to merge with Bryn Mawr Bank Corporation as previously reported on March 11, 2021. Subject to the remaining... Read Story
July 27, 2021, 07:59 AM


Mitsubishi UFJ Financial Group (MUFG) hired Okeatta Brown as Head of Inclusion & Diversity (I&D) for the Americas. Ms. Brown, a nationally recognized leader in diversity, equity, inclusion (DEI), and engagement, will join MUFG to elevate and enhance... Read Story
July 27, 2021, 07:39 AM


SouthState Corporation and Atlantic Capital Bancshares jointly announced the signing of a definitive agreement pursuant to which Atlantic Capital will merge with and into SouthState in an all-stock transaction with an aggregate value of approximately... Read Story
July 23, 2021, 07:10 AM


Chris Marschall has been appointed Head of Financial Institutions Group for Crédit Agricole CIB (CACIB) Canada, effective July 16, 2021.Marschall has close to 25 years of investment banking and structured finance experience in several European... Read Story
July 21, 2021, 08:00 AM


Triumph Bancorp announced that R. Bryce Fowler would retire from his position as Executive Vice President and Chief Financial Officer effective Sept. 1.“On behalf of the Board of Directors and the Triumph team, I want to thank Bryce for his... Read Story
July 16, 2021, 06:02 AM


First Citizens BancShares Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced the proposal to merge the two companies has received regulatory approval from the... Read Story
July 15, 2021, 08:01 AM


F.N.B. Corporation and Howard Bancorp announced the signing of a definitive merger agreement for FNB to acquire Howard, including its wholly-owned banking subsidiary, Howard Bank, in an all-stock transaction valued at $21.96 per share, or a fully... Read Story
July 14, 2021, 07:30 AM


The Boards of Directors of Lakeland Bancorp, the parent company of Lakeland Bank, and 1st Constitution Bancorp, the parent company of 1st Constitution Bank, have entered into a definitive Agreement and Plan of Merger, under which Lakeland will... Read Story
July 12, 2021, 08:12 AM


BankFinancial announced the expansion of its Commercial Finance Division and the appointments of Carol Bader Apicella as Senior Vice President – Government Finance, and Lindsay Gordon as Senior Vice President - Commercial Finance.Based in Tyson’s... Read Story
July 06, 2021, 08:08 AM


Texas Capital Bank appointed Rick Rodman to the newly created position of Head of Business Banking, effective June 21, 2021. This appointment underscores the Company’s commitment to significantly expand its Business Banking segment.In his role... Read Story
July 01, 2021, 08:06 AM


Live Oak Bancshares announced William C. (BJ) Losch, III will assume the role of Chief Financial Officer of the company on September 1, 2021. Losch will also assume the role of CFO of Live Oak Bank.Losch brings a wealth of experience as Live Oak... Read Story
July 01, 2021, 08:00 AM


Heritage Bank of Commerce announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending (“ABL”)/Corporate... Read Story
June 30, 2021, 08:02 AM


MetaBank has promoted Christopher Soupal to Commercial Finance Division President. He will report to Brett Pharr, co-president and Chief Operating Officer of MetaBank.Soupal brings more than 20 years of finance and capital management experience to... Read Story
June 29, 2021, 08:10 AM


Bridgewater Bank added Joseph Birkholz to its team as Chief Risk Officer. Birkholz joins Bridgewater with over 15 years’ experience in various enterprise risk management capacities. Birkholz most recently served as Senior Vice President of Risk... Read Story
June 29, 2021, 07:05 AM


PNC Bank, N.A. announced regional leadership appointments across the state of Texas, where PNC now ranks fourth in deposit market share with its acquisition of BBVA USA. Completion of the acquisition was announced June 1, with PNC emerging as the... Read Story
June 29, 2021, 07:03 AM


First Internet Bancorp appointed Nicole Lorch as President and Chief Operating Officer of the Company as well as its subsidiary, First Internet Bank, effective at the close of business on June 30, 2021. David B. Becker will remain as Chairman and... Read Story
June 28, 2021, 07:11 AM


Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that Larry Swinney has joined the bank’s Capital Finance division as Managing Director, Asset Based Lending - Originations. He will report to Dave Viggiano, ABL Business... Read Story
June 25, 2021, 07:55 AM


TD Bank Group announced the following executive changes, effective September 1, 2021.Bob Dorrance to retire; will remain Chairman of TD SecuritiesAfter a storied 40-plus-year career, Bob Dorrance, Chairman, CEO and President of TD Securities will... Read Story
June 24, 2021, 08:10 AM


PNC Bank, N.A. announced the appointment of Kyle Myers as the Regional President and Head of Corporate Banking for Kansas City. Myers will lead the efforts to provide customers and clients in the market with access to a full range of products and... Read Story
June 22, 2021, 07:31 AM


Carver Bancorp, the holding company for Carver Federal Savings Bank ("Carver"), a certified Minority Depository Institution ("MDI"), and Bank of America closed a Senior Secured Social Impact Revolving Credit Facility with BlackRock's Alternative... Read Story
June 18, 2021, 07:33 AM


Mitsubishi UFJ Financial Group (MUFG) appointed Randall Chafetz to the role of Vice Chairman of the firm's Global Corporate and Investment Banking (GCIB) business. Chafetz will assume this newly created role in New York on June 29 and continue... Read Story
June 15, 2021, 10:00 AM


WSFS Financial Corporation and Bryn Mawr Bank Corporation, jointly announced that their respective stockholders approved the previously announced merger of BMTC into WSFS at a special meeting of stockholders for each company.“Stockholder approval... Read Story
June 11, 2021, 07:07 AM


Huntington Bancshares announced it has closed its merger with TCF Financial Corporation, creating a Top 25 U.S. bank holding company.The combination positions Huntington for enhanced profitability and scale, revenue growth opportunities, significant... Read Story
June 09, 2021, 07:47 AM


Webster Bank 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 president... Read Story
June 09, 2021, 07:30 AM


HSBC Holdings will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval. They include: Exiting 90 branches out of a current branch network of 148 branches HBUS will retain a small... Read Story
May 28, 2021, 08:04 AM


M&T Bank Corporation and People's United Financial, Inc. jointly announced that, at their respective special meetings of shareholders, they each received the necessary shareholder approvals for the consummation of the merger of People's United into... Read Story
May 27, 2021, 07:00 AM


Huntington Bancshares Incorporated and TCF Financial Corporation jointly announced that the Board of Governors of the Federal Reserve System (the Federal Reserve Board) and the Office of the Comptroller of the Currency, with input from the United... Read Story
May 26, 2021, 07:00 AM


J.P. Morgan Commercial Banking named Matt Sable as the new Head of Financial Institutions Group (FIG) within its Corporate Client Banking & Specialized Industries (CCBSI) business. In this role, Sable will lead Commercial Banking’s industry-leading... Read Story
May 24, 2021, 08:08 AM


Morgan Stanley announced that Ted Pick and Andy Saperstein have been named Co-Presidents of Morgan Stanley. Both executives are long-serving employees in key management positions, and both head world-class businesses with market leadership positions.... Read Story
May 21, 2021, 08:10 AM


JPMorgan Chase announced details about Morgan Health, a new business unit focused on improving the quality, efficiency, and equity of employer-sponsored healthcare. The new group will be led by Dan Mendelson, CEO of Morgan Health, reporting to Peter... Read Story
May 21, 2021, 07:40 AM


Mitsubishi UFJ Financial Group (MUFG) announced the hiring of nine bankers to the Restaurant Finance group of its Corporate and Investment Banking division. Two leadership hires among them are Managing Director Nick Cole, who will head the newly... Read Story
May 18, 2021, 07:38 AM


WebBank named Seth Goodman as the Senior Vice President-Chief Revenue Officer.Goodman joined WebBank in May 2021 and his team is responsible for business development, strategy and M&A. Seth brings over 20 years of banking, financial services and... Read Story
May 18, 2021, 07:14 AM


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... Read Story
May 13, 2021, 07:00 AM


Bank of America named Kieth Cockrell as president of Bank of America Charlotte. Cockrell succeeds Charles Bowman, who has served as Charlotte market president since 2007.Bowman will continue in his role as President of North Carolina. He will also... Read Story
May 12, 2021, 08:07 AM


Cerebro Capital, a commercial loan platform, released its Q1 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. The results are paired with the Federal Reserve's 1Q21 survey of commercial banks to illustrate a... Read Story
May 10, 2021, 08:19 AM


Wells Fargo named Cynthia Caine to head the Commercial Auto group. A 30-year financial services veteran, Caine most recently led the Diversified Industries group within Distribution Finance.“Cynthia is well-known for her strong client relationships... Read Story
May 10, 2021, 06:00 AM


Mitsubishi UFJ Financial Group (MUFG) appointed Neal Holland as Chief Financial Officer for MUFG Americas Holdings Corporation and its primary banking subsidiary MUFG Union Bank, N.A., effective June 1. The U.S. operations of MUFG had total assets of... Read Story
May 05, 2021, 08:10 AM


BHI announced a restructuring of the bank’s business team to accommodate its current growth, fulfil the execution of BHI’s strategic plan, position the bank for further expansion and reinforce its industry expertise in specific sectors. John Yoler... Read Story
May 03, 2021, 08:12 AM


The 2021 institutional loan default rate forecast has been lowered to 2.5% from 4.5%, according to a new Fitch Ratings report."Operating conditions are starting to improve due to the ramp-up in coronavirus vaccinations and the easing of restrictions... Read Story
April 27, 2021, 08:10 AM


The Risk Management Association (RMA) and Finastra announced a strategic initiative to advance commercial banking risk rating frameworks for U.S. financial institutions. Through this partnership, RMA Dual Risk Rating scorecards will be available... Read Story
April 26, 2021, 07:30 AM


Joseph E. Dell, Jr., Senior Executive Vice President, Chief Commercial Banking Officer of CNB Bank will retire effective December 31, 2021 as required under the Corporation’s bylaws.Dell joined the Bank in 2013 and has worked in the financial... Read Story
April 26, 2021, 07:10 AM


Signature Bank announced several management appointments, promotions and transitions, all of which will address its progress to date and future growth and initiatives.After 21 years of dedicated service, Mark Sigona, Senior Executive Vice President... Read Story
April 23, 2021, 08:10 AM


Mayra Marquez has joined Pinnacle Bank as Senior Vice President, Senior Relationship Manager."We are pleased to announce that Mayra Marquez has joined the Pinnacle Bank team of professional bankers. Mayra will be focusing on deepening our footprint... Read Story
April 21, 2021, 05:48 AM


Webster Financial Corporation and Sterling Bancorp jointly announced their boards of directors have approved by unanimous vote a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total... Read Story
April 19, 2021, 08:03 AM


Fifth Third Bank announced that Wanda Alverio and Andre Lemons have joined the Fifth Third Business Capital team as vice president, ABL principal. In addition, John Littrell was promoted to group head portfolio management. Wanda Alverio joins as... Read Story
April 14, 2021, 08:00 AM


CVB Financial Corp., the holding company for Citizens Business Bank, appointed Brian T. Mauntel as the President of CBB, effective April 26, 2021. In his new position, Mr. Mauntel will be responsible for overseeing the Bank’s 57 business financial... Read Story
April 13, 2021, 07:29 AM


BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, N.A., jointly announced that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more... Read Story
April 12, 2021, 08:09 AM


PNC Bank appointed Chris Hermann as the regional president and head of Corporate Banking for Wisconsin, effective April 12. In this role, he will lead the effort to provide customers and clients in the market with access to a full range of products... Read Story
April 12, 2021, 07:37 AM


Sterling National Bank entered into a Banking as a Service agreement with BrightFi, a provider of cloud-based digital banking platform technology and services to regional and community banks and non-bank entities.This collaboration with BrightFi... Read Story
April 12, 2021, 07:00 AM


U.S. Bank named John C. Stern President of its Global Corporate Trust and Custody business within U.S. Bank Wealth Management and Investment Services. Stern, who currently serves as U.S. Bancorp Corporate Treasurer, will assume his role effective May... Read Story
April 12, 2021, 05:00 AM


JPMorgan Chase Commercial Banking announced a new Green Economy specialized industry team, which will provide dedicated banking services and expertise to companies that produce environmentally-friendly goods and services or focus on environmental... Read Story
April 09, 2021, 08:00 AM


Texas Capital Bank appointed Julia Harman to the newly created position of Head of Corporate Banking, effective immediately. This appointment reflects the Company’s commitment to grow its C&I offering through broader and more tailored services for... Read Story
April 08, 2021, 07:55 AM


Eastern Bankshares, the stock holding company for Eastern Bank, and Century Bancorp, the stock holding company for Century Bank and Trust Company, jointly announced they have entered into a definitive all-cash merger agreement with an aggregate... Read Story
April 08, 2021, 07:37 AM


Santander Bank appointed Scott Baldinelli as Head of New England Middle Market Banking. Baldinelli will report to Joe Abruzzo, Head of Commercial Banking for Santander Bank.Baldinelli will lead business development, market growth and relationship... Read Story
March 30, 2021, 08:00 AM


Peoples Bancorp and Premier Financial Bancorp jointly announced the signing of a definitive agreement and plan of merger pursuant to which Peoples will acquire, in an all-stock merger, Premier, a bank holding company headquartered in Huntington, West... Read Story
March 30, 2021, 07:55 AM


Huntington Bancshares Incorporated and TCF Financial Corporation jointly announced each company's shareholders have approved the proposed merger of TCF into Huntington at their respective special meetings of shareholders."Today's shareholder approval... Read Story
March 26, 2021, 07:00 AM


ING anounced that Andrew Bester will be appointed member of the Management Board Banking and head of Wholesale Banking. Bester takes up his position on 6 April 2021, succeeding Isabel Fernandez, who stepped down effective 31 December 2020.Andrew... Read Story
March 25, 2021, 08:10 AM


U.S. Bank announced that Derek Martin has been named St. Louis market President, succeeding Larry Otto, who retired on March 19, 2021. For 20 years, Martin has successfully managed a deep and diverse portfolio of middle-market companies, ranging from... Read Story
March 25, 2021, 07:58 AM


Banc of California, the holding company of Banc of California, and Pacific Mercantile Bancorp, the holding company of Pacific Mercantile Bank, announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile... Read Story
March 23, 2021, 08:16 AM


Alan Turner has been appointed Head of Commercial Banking effective today, succeeding Linda Seymour who took on the role of President and Chief Executive Officer of HSBC Bank Canada in September 2020. In this role, Turner has responsibility for... Read Story
March 23, 2021, 08:09 AM


Citizens M&A Advisory served as the exclusive financial advisor to trustaff Management, Inc. and CardioSolution on their recapitalization by Cornell Capital and Trilantic North America, two New York-based private equity firms.Founded in 2002... Read Story
March 19, 2021, 07:00 AM


Bank of America named Janet Currie as President of Bank of America Greater Maryland. Currie succeeds Sabina Kelly, who announced her retirement earlier this month.As president, Currie will be responsible for connecting the banking and investment... Read Story
March 16, 2021, 07:40 AM


Stearns Bank is well-positioned for expansion, adding three seasoned executives to explore new opportunities. Stearns Bank hired Al Doering as Chief M&A Officer, a newly created executive level role. Doering previously worked with Stearns Bank as its... Read Story
March 12, 2021, 08:14 AM


Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced it has successfully transitioned Melrose Bank customers and added CSB’s 17th physical location. Following the... Read Story
March 12, 2021, 07:15 AM


Bank of America named Heather Albright as President of Bank of America Arkansas. Albright succeeds Donnie Cook who has led the market for the past 16 years and recently announced his retirement earlier this month.As president, Albright will be... Read Story
March 12, 2021, 06:18 AM


WSFS Financial Corporation and Bryn Mawr Bank Corporation jointly announced the signing of a definitive merger agreement whereby Bryn Mawr Bank Corporation (“Bryn Mawr”) will merge with WSFS Financial Corporation (“WSFS”), in a transaction valued at... Read Story
March 11, 2021, 08:10 AM


Associated Banc-Corp appointed Andrew J. Harmening as the Company's president and chief executive officer and a member of its Board of Directors, effective April 28, 2021. Harmening will also serve as President and Chief Executive Officer of... Read Story
March 11, 2021, 07:30 AM


Republic First Bancorp, the parent company of Republic Bank, announced that Chairman Vernon W. Hill has been named to the additional role of Chief Executive Officer at both the Holding Company and the Bank. Harry D. Madonna, the founder of the bank... Read Story
February 26, 2021, 08:11 AM


Pacific Western Bank announced Janice Ibey joined the bank as a Senior Vice President, Business Development Officer on its asset-based lending team. She will be located in Orange County, California. Janice will expand the Bank’s efforts to deliver... Read Story
February 26, 2021, 07:32 AM


MUFG Union Bank announced that Rob Swanson has joined as Managing Director, Northern California Market President. Based in the Bay Area, Swanson reports to Bita Ardalan, Head of Commercial Banking for Union Bank. In his role, Swanson will lead the... Read Story
February 25, 2021, 07:40 AM


Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR LLC and Reverence Capital Partners, L.P. This sale includes Wells Fargo Bank N.A.’s business of acting as trustee to its collective investment... Read Story
February 23, 2021, 08:20 AM


Umpqua Bank added Dave Ericksen to its Pacific Northwest (PNW) middle market banking leadership team as senior vice president and middle market director. Recognized as one of the PNW region's leading corporate bankers, Ericksen strengthens Umpqua's... Read Story
February 18, 2021, 07:00 AM


Mitsubishi UFJ Financial Group ("MUFG")announced that Kevin P. Cronin has been appointed Regional Executive for the Americas for MUFG and MUFG Bank, Ltd., its primary banking subsidiary, and President and CEO of MUFG Americas Holdings Corporation and... Read Story
February 10, 2021, 08:15 AM


TD Bank has combined its previous Commercial and Corporate and Specialty Banking teams to create a new Commercial Bank. The new Commercial Bank will drive growth, deliver a better client and colleague experience and create efficiencies."Our... Read Story
January 29, 2021, 08:00 AM


Touchstone Bankshares has named C. Sean Link as its Chief Lending Officer. Link has over 10 years of senior executive banking experience with a focus in commercial banking, most recently as Senior Vice President of Commercial Banking at Truist in... Read Story
December 30, 2020, 07:14 AM


SouthState Bank announced the addition of a Jacksonville, FL.-based Middle Market Banking team, as well as the expansion of its Commercial Banking talent across the company's six-state footprint."The SouthState and CenterState Bank merger of equals... Read Story
December 24, 2020, 08:35 AM


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... Read Story
February 07, 2019, 09:00 AM


CIBC announced that it has entered into a definitive agreement to acquire PrivateBancorp, Inc. and its subsidiary, The PrivateBank, a high-quality Chicago-based middle market commercial bank with U.S.$17.7 billion in assets, complemented by private... Read Story
June 30, 2016, 07:52 AM


Twelve percent of banking CEOs surveyed say they do not have insight into whether their institution’s security has been compromised by a cyber attack in the past two years, according to KPMG, the audit, tax and advisory firm. KPMG’s 2016 Banking... Read Story
June 07, 2016, 07:29 AM


First Community Financial Partners, Inc., the parent company of First Community Financial Bank announced the hiring of an experienced commercial banking team.  The five-person team of seasoned banking professionals will focus on serving the needs of... Read Story
March 07, 2016, 08:03 AM


KeyCorp announced today that they have entered into a definitive agreement under which KeyCorp will acquire First Niagara in a cash and stock transaction for total consideration valued at approximately $4.1 billion.First Niagara, headquartered in... Read Story
October 30, 2015, 08:03 AM


Cascade Bancorp, the holding company for Bank of the Cascades, announced the hiring of a commercial banking team in the Seattle Metro Area led by veteran banker Brandon Elieff who brings over 15 years of experience in middle market C&I and business... Read Story
October 13, 2015, 07:31 AM


Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in March 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications... Read Story
April 14, 2015, 07:23 AM


BB&T Corporation and Susquehanna Bancshares, Inc. announced today the signing of a definitive agreement under which BB&T will acquire Susquehanna in a cash and stock transaction for total consideration valued at approximately $2.5 billion. This... Read Story
November 12, 2014, 08:04 AM


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... Read Story
July 30, 2014, 07:14 AM


A shift by U.S. banks to increase the proportion of securities classified as held-to-maturity (HTM) likely signals an attempt to reduce capital volatility, especially during periods of rising interest rates, according to Fitch Ratings. Banks will... Read Story
March 19, 2014, 07:51 AM


Small business loan approval rates at big banks ($10 billion+ in assets) increased to an all-time index high of 17.6% in December 2013 from 17.4% in November, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan... Read Story
January 09, 2014, 07:44 AM