First Republic Bank

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Montag, September 25, 2023
Pressure, LLP, Banq, Fed, PacWest Bancorp, Banc of California, Central District, Prior, Silicon Valley Bank, PWB, Form 10-Q, FDIC, Federal, Person, Sale, Ext, Treasury, District court, Report, SVB, Investment, Action Replay, Complaint, Court, Defendant, Bank holding company, United States Department of the Treasury, Pomerantz, PacWest, Signature Bank, First Republic Bank, Silvergate, News, Silvergate Bank, Safety, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

1st Century Bank Announces Expansion Into San Diego

Retrieved on: 
Montag, September 25, 2023
Century Bank, Senior, Relationship, Organization, First Republic Bank, Shidler, Oklahoma, Century, Bank, Credit, MidFirst Bank

LOS ANGELES, Sept. 25, 2023 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, the largest privately owned bank in the nation, today announced its expansion into the San Diego market. This effort is being led by experienced banking professional Jason Shidler and his team, who have joined 1st Century Bank from the former First Republic Bank and bring a proven track record of success in the San Diego market. The addition of this accomplished team furthers 1st Century Bank's growth strategy in Southern California.

Key Points: 
  • LOS ANGELES, Sept. 25, 2023 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, the largest privately owned bank in the nation, today announced its expansion into the San Diego market.
  • This effort is being led by experienced banking professional Jason Shidler and his team, who have joined 1st Century Bank from the former First Republic Bank and bring a proven track record of success in the San Diego market.
  • "We are thrilled to expand into the San Diego market and enthusiastically welcome Jason Shidler and his team to 1st Century Bank," said Jason DiNapoli, CEO and President of 1st Century Bank.
  • Shidler joins 1st Century Bank as Senior Vice President and Senior Managing Director and will drive the Bank's development in the San Diego market.

Manufacturers Bank Appoints Olga Tsokova as Chief Financial Officer

Retrieved on: 
Dienstag, September 19, 2023
Banking, Professional Services, Finance, JPMorgan Chase, Sumitomo Mitsui Banking Corporation, SMBC, Ernst & Young, Multimedia, Accounting, Investment, City National Bank, CFO, Bank, First Republic Bank, Management

Manufacturers Bank, a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) Americas Holding Inc., a member of the SMBC Group, announced today the appointment of Olga Tsokova as Chief Financial Officer.

Key Points: 
  • Manufacturers Bank, a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) Americas Holding Inc., a member of the SMBC Group, announced today the appointment of Olga Tsokova as Chief Financial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20230919261733/en/
    Manufacturers Bank Appoints Olga Tsokova as Chief Financial Officer (Photo: Business Wire)
    A Managing Director, Ms. Tsokova will lead the buildout of a strategic finance framework for the bank that incorporates short- and long-term funding needs, investments, cash flows, profitability, and financial position to meet business objectives.
  • She will report to Sander Pruijs, President of Manufacturers Bank, and Rick Davison, SMBC U.S. CFO and CFO of SMBC Americas Holdings, Inc., and serve as a member of the Manufacturers Bank Management Committee.
  • “Streamlining our systems and processes to increase our client centricity allows us to focus on solutions to help achieve their financial goals.”
    Before joining Manufacturers Bank, Ms. Tsokova served as Executive Vice President, Deputy CFO and Chief Accounting Officer at First Republic Bank (currently part of JPMorgan Chase), where she oversaw the bank’s financial operations with direct supervision of accounting.

Integrity Solutions Identifies Top Banking Issues Based on New Customer Expectations

Retrieved on: 
Montag, September 11, 2023
Organization, Drawing, Culture, Banks Board Bureau, First Republic Bank, Environment, SVB, Accenture, McKinsey & Company, Brookfield Global Integrated Solutions, Bank

Drawing on an aggregate of its work with clients across the banking spectrum, Integrity Solutions has identified the top issues banks are facing today, as well as key strategies financial institutions need to put in place to remain competitive and build trust in this ever-changing financial landscape.

Key Points: 
  • Drawing on an aggregate of its work with clients across the banking spectrum, Integrity Solutions has identified the top issues banks are facing today, as well as key strategies financial institutions need to put in place to remain competitive and build trust in this ever-changing financial landscape.
  • “Incidents involving banks like SVB and First Republic Bank, coupled with the emergence of new banks and the rise of digital banking, have placed many regional and community banks in a precarious position,” says Integrity Solutions CEO Mike Esterday.
  • “As we’ve worked with a range of banking institutions navigating these challenges, one clear theme has emerged: The expectation for a personalized customer experience isn’t going away.
  • Visit the Integrity Solutions website to see a detailed discussion of these areas and how bank customer service training can pave the path to future success.

Fiduciary Trust International Welcomes Christina D’Elia as Trust Counsel in NYC Office

Retrieved on: 
Donnerstag, August 24, 2023
Professional Services, Technology, Software, Finance, Asset Management, Fintech, Consulting, Fiduciary Trust Company International, Binghamton University, Risk management, Trust, Morris, Bank of America Private Bank, First Republic Bank, Pace, Franklin Templeton Investments, Risk, McVeigh, Management

Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Christina C. D’Elia has joined the firm as trust counsel based in its New York office.

Key Points: 
  • Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Christina C. D’Elia has joined the firm as trust counsel based in its New York office.
  • “Christina possesses in-depth expertise in trust and estate planning and administration, as well as corporate fiduciary practices and risk management—and this will be critical in helping us strengthen and grow our trust administration team,” said Leslie Gillin Bohner, chief fiduciary officer of Fiduciary Trust International.
  • She joins Fiduciary Trust International from First Republic Trust Co., a division of First Republic Bank, where she was senior vice president and chief fiduciary officer.
  • In this role, Ms. D’Elia was responsible for all fiduciary risk management efforts in nine states.

Modern Wealth Management Appoints Shad Besikof, Danny Henneghan, Casey Harrison to Partnership Development Team

Retrieved on: 
Mittwoch, August 23, 2023
Personal Finance, Finance, Consulting, Professional Services, Asset Management, Partnership, Focus Financial Partners, Goldman Sachs Personal Financial Management, Head, RIA, Harrison, Associate, Documentation, Acquisition, Corporation, Directorate of Investment and Company Administration, Mergers and acquisitions, Growth, RIAS, First Republic Bank, Corporate development, Financial adviser, Investment

Modern Wealth Management (“Modern Wealth”), a national registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced new additions to its team.

Key Points: 
  • Modern Wealth Management (“Modern Wealth”), a national registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced new additions to its team.
  • Joining the ranks are Shad Besikof as managing director, Danny Henneghan as vice president and Casey Harrison as manager.
  • Prior to joining Modern Wealth, Besikof was Head of Mergers and Acquisitions (M&A) and Corporate Development at Exencial Wealth Advisors, where he led the firm’s acquisition and business development strategies.
  • Based in Laguna Beach, California, Besikof will utilize his 25-year experience in M&A, sales and wealth management to lead Modern Wealth’s Partnership Development team, identifying and onboarding RIA firms located within the Western Region.

Wolters Kluwer Expert Points to Potential Risks 2023 Bank Failures Pose for Non-bank Lenders

Retrieved on: 
Freitag, August 11, 2023
Software, Banking, Accounting, Internet, Professional Services, Hardware, Fintech, Technology, Data Analytics, Other Professional Services, Finance, Environmental, Social and Governance (ESG), Reputational damage, FCC, Silicon Valley Bank, Risk management, Wolters, Financial Stability Oversight Council, Silicon, Federal Reserve, CT Corporation, National Mortgage News, Signature Bank, First Republic Bank, News, Bank, Insurance

After this spring’s rapid collapse of Silicon Valley Bank, Signature Bank and First Republic Bank, the banking industry is closely measuring the possible regulatory after-effects.

Key Points: 
  • After this spring’s rapid collapse of Silicon Valley Bank, Signature Bank and First Republic Bank, the banking industry is closely measuring the possible regulatory after-effects.
  • Those impacts may include closer regulatory scrutiny for both traditional and non-bank lenders, according to Wolters Kluwer Compliance Solutions expert Kevin Wilzbach.
  • Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms.
  • Wolters Kluwer FCC is also home to CT Corporation , the leading provider of registered agent services, incorporation services, and legal entity compliance.

FLAGSTAR BANK, N.A. HIRES MICHELE CELESTINO TO LEAD PRIVATE BANKING EXPANSION INTO FLORIDA

Retrieved on: 
Donnerstag, August 10, 2023
First Republic, Greater Community Bancorp, Knowledge, Commercial, Bank, NYCB, Private banking, Flagstar, First Republic Bank, Senior, New York Community Bank, Flagstar Bank, NYSE, Cryptocurrency

(the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company"), announced today the hiring of Michele Celestino as Executive Vice President and Head of Commercial and Private Banking, Southeast.

Key Points: 
  • (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company"), announced today the hiring of Michele Celestino as Executive Vice President and Head of Commercial and Private Banking, Southeast.
  • In her new role, Michele will be responsible for hiring and client acquisitions for the private banking group in the region.
  • Eric Howell, Senior Executive Vice President and President of Commercial and Private Banking added, "Florida is an ideal market for Flagstar Bank and Michele is the ideal person to lead this initiative.
  • I know she will do an excellent job building out our private banking model within Flagstar's existing franchise in the state."

Investing ‘Summer Vibes’ Drives Interest in Cruise and AI Stocks, According to New Apex Q2 2023 Investor Study

Retrieved on: 
Donnerstag, August 10, 2023
Personal Finance, Finance, Fintech, Millennials, Professional Services, Generation Z, Baby Boomers, Data Analytics, Consumer, Generation X, META, Carnival Corporation & plc, MRNA, First Republic Bank, Baby boomers, Gen, CCL, AMD, SOFI, Cruise line, Generation, NVDA, TSLA, AMZN, Multimedia, Movement, Norwegian Cruise Line, Apex, AAPL, Royal Caribbean Group, PLTR, Investment, RCL, MSFT, NCLH, Cryptocurrency, Financial adviser, Dairy, Q2, Nvidia, Moderna, AI

With summer travel booming, all four generations - Gen Z, Millennials, Gen X and Boomers - invested heavily in popular cruise lines in Q2, according to the Q2 2023 Apex Next Investor Outlook (ANIO).

Key Points: 
  • With summer travel booming, all four generations - Gen Z, Millennials, Gen X and Boomers - invested heavily in popular cruise lines in Q2, according to the Q2 2023 Apex Next Investor Outlook (ANIO).
  • The study utilizes data from Apex Fintech Solutions (“Apex”), the fintech for fintechs powering innovation and the future of digital wealth management.
  • The data also reinforced the continued powerful interest in AI, with major rallies and investments in Nvidia, C3 AI, and Palantir.
  • The following data refers to the rankings of the most commonly held securities at Apex by generation in Q2 2023.

American Equity Reports Further Growth in Both Earnings and Sales Momentum as Private Asset Allocation Ramps to 25%

Retrieved on: 
Montag, August 7, 2023
Personal Finance, Finance, Professional Services, Asset Management, Insurance, Dignity, FIA, CML, Share repurchase, Risk, Policy, Eye, Tax, AEL, Acquisition, IMO, Investment, MRB, Hart–Scott–Rodino Antitrust Improvements Act, TSX, Credit, First Republic Bank, Environment, Republic Bank, NYSE, Independent, Security (finance), Bank, Financial services, Video game, Life insurance, Clothing, Cryptocurrency

Sales momentum accelerated in both the independent agent channel and bank and broker-dealer channel while the investment portfolio allocation to private assets continued to increase.

Key Points: 
  • Sales momentum accelerated in both the independent agent channel and bank and broker-dealer channel while the investment portfolio allocation to private assets continued to increase.
  • New business sales of $2 billion in the second quarter is at nearly all-time highs for AEL.
  • Amortization of deferred policy acquisition and sales inducement cost was basically flat at $115 million for the second quarter of 2023.
  • As of June 30, total adjusted capital at American Equity Life Insurance Co. totaled $4.1 billion with estimated excess capital of over $600 million.