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News Stories (90 Results) - Banking News

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