Community Bank

Tara L. French Elected to BCB Bancorp, Inc. and BCB Community Bank Boards of Directors

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Jeudi, mai 2, 2024
Community Bank, Comptroller, BCB, BCBP, Retirement, Audit committee, Michael J. Hsu, Assistant

BAYONNE, N.J., May 02, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”), today announced the election of Tara L. French to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately.

Key Points: 
  • BAYONNE, N.J., May 02, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”), today announced the election of Tara L. French to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately.
  • Ms. French previously was an officer at Northfield Bank until her retirement in June 2023.
  • She joined Northfield in 2017 as the Chief Administrative Officer, and she was named Chief Risk Officer in September 2020.
  • “We are delighted to welcome Ms. French to our Boards of Directors and look forward to working with her as we pursue our mission to grow our franchise,” said Mr. Mark D. Hogan, Chairman of the Board.

NorthEast Community Bancorp, Inc. Reports Results for the Three Months Ended March 31, 2024

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Jeudi, avril 25, 2024
Community Bank, FHLB, Federal Reserve Bank, Federal Home Loan Banks, Compass (drawing tool), Depreciation, Insurance, Federal, Environment, Exercise, Tax, Atlantic Ocean, Bank, Advertising, Investment

In addition, during the three months ended March 31, 2024, we originated $9.5 million in commercial and industrial loans.

Key Points: 
  • In addition, during the three months ended March 31, 2024, we originated $9.5 million in commercial and industrial loans.
  • Net interest income totaled $25.0 million for the three months ended March 31, 2024, as compared to $22.8 million for the three months ended March 31, 2023.
  • We charged-off $21,000 during the three months ended March 31, 2024 as compared to charge-offs of $21,000 during the three months ended March 31, 2023.
  • Non-interest income for the three months ended March 31, 2024 was $554,000 compared to non-interest income of $1.1 million for the three months ended March 31, 2023.

Red River Bancshares, Inc. Reports First Quarter 2024 Financial Results

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Jeudi, avril 25, 2024
HFI, CRA, Total, Small business, Community Bank, FTE, IBERIABANK, SBIC, AFS, Share repurchase, HTM, Small Business Administration, Environment, Federal Open Market Committee, Tax, Bank, Community Reinvestment Act, EPS, Movement, CFA, Community, S&P Global, FOMC, Growth

ALEXANDRIA, La., April 25, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the first quarter of 2024.

Key Points: 
  • ALEXANDRIA, La., April 25, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the first quarter of 2024.
  • Net income for the first quarter of 2024 was $8.2 million compared to $8.3 million for the prior quarter.
  • Net interest income for the first quarter of 2024 was $21.4 million compared to $21.3 million for the prior quarter.
  • Net interest margin FTE for the first quarter of 2024 was 2.83% compared to 2.82% for the prior quarter.

Oak Valley Bancorp Reports 1st Quarter Results

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Vendredi, avril 19, 2024
Community Bank, ACL, CECL, EPS, Bank

OAKDALE, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results for the first quarter of 2024.

Key Points: 
  • OAKDALE, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results for the first quarter of 2024.
  • Average cost of funds increased to 68 bps as of March 31, 2024, compared to 55 bps for the prior quarter and 10 bps for the first quarter of 2023.
  • Non-interest expense totaled $11,529,000 for the quarter ended March 31, 2024, compared to $10,760,000 in the previous quarter and $9,757,000 in the same quarter a year ago.
  • Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses.

BCB Bancorp, Inc. Earns $5.9 Million in First Quarter 2024; Reports $0.32 EPS and Declares Quarterly Cash Dividend of $0.16 Per Share

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Vendredi, avril 19, 2024
Total, Community Bank, FHLB, BCB, BCBP, Bank, Video game

The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share.

Key Points: 
  • The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share.
  • The provision for credit losses was $2.1 million in the first quarter of 2024 compared to $1.9 million for the fourth quarter of 2023.
  • Total non-accrual loans were $22.2 million at March 31, 2024, $18.8 million at December 31, 2023 and $5.1 million at March 31, 2023.
  • Total cash and cash equivalents increased by $72.9 million, or 26.1 percent, to $352.4 million at March 31, 2024, from $279.5 million at December 31, 2023.

Wintrust Wins Highest Ranking by J.D. Power for Illinois Retail Banking Customer Satisfaction for the Third Year in a Row

Retrieved on: 
Jeudi, mars 28, 2024
ATM, J.D. Power, Small business, Community Bank

ROSEMONT, Ill., March 28, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Nasdaq:WTFC) today announced that Wintrust Community Banks received the award for ranking highest in the J.D.

Key Points: 
  • ROSEMONT, Ill., March 28, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Nasdaq:WTFC) today announced that Wintrust Community Banks received the award for ranking highest in the J.D.
  • Power 2024 U.S. Retail Banking Satisfaction Study in the Illinois Region for the third consecutive year.
  • Power study is based on rating responses from 105,355 retail banking customers in seven dimensions.
  • This year’s honor continues Wintrust’s ranking as the highest in Illinois in both 2022 and 2023.

OTTAWA BANCORP, INC. APPOINTS MARK ALCOTT TO BOARD OF DIRECTORS

Retrieved on: 
Jeudi, mars 21, 2024
Exercise, Agreement, Shareholder, Bank, Sale, OSB, Community Bank, Share repurchase, Security (finance)

In the event Mr. Alcott is unable to serve as a director of the Company and Bank, the Company and Bank will appoint a replacement director chosen by the Stilwell Group.

Key Points: 
  • In the event Mr. Alcott is unable to serve as a director of the Company and Bank, the Company and Bank will appoint a replacement director chosen by the Stilwell Group.
  • Mr. Alcott has agreed to similar restrictions under the Agreement, but may acquire shares of Company common stock.
  • “We have been looking to add experienced members to serve on our Boards, particularly following several retirements from the Board.
  • The Stilwell Group had previously submitted a notice of intent to nominate Mr. Alcott to the Company’s Board.

FHLBank Pittsburgh, Rep. Lisa Blunt Rochester, Delaware Officials Join in Announcing Affordable Housing Awards in Harrington and $66.7 Million in Newly Available Affordable Housing Funding

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Jeudi, avril 4, 2024
Public Policy, Government, Other Philanthropy, State, Local, Finance, Banking, Professional Services, Philanthropy, Foundation, Diamond, Homelessness, Fulton Financial Corporation, Partnership, City, House, Housing, Investment, LGBTQ, Community Bank, Federal Home Loan Banks, Rehabilitation

at a ceremony to announce two affordable housing grants totaling $1.5 million from FHLBank and their member financial institutions.

Key Points: 
  • at a ceremony to announce two affordable housing grants totaling $1.5 million from FHLBank and their member financial institutions.
  • A second grant of $750,000 was presented to West End Neighborhood House from FHLBank and Community Bank Delaware.
  • The event also highlighted $114.2 million new funding opportunities, including $66.7 million for additional affordable housing, through FHLBank member institutions including:
    “I was so glad to be in Harrington, Delaware, to announce new investments in safe, stable, and affordable housing.
  • Affordable housing is the foundation for safe and prosperous communities, and in Delaware, we know too well how we need to increase our affordable housing supply,” said Rep. Blunt Rochester (D-Del.).

Chimney Continues to Expand Client Base, Adding 12 New Banks to Roster

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Mercredi, avril 3, 2024
Software, Finance, Asset Management, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Acquisition, Capital, First International Bank, Community Bank, Cryptocurrency

Chimney , a leader in financial guidance for the digital age, now features over 30 banks across the country on the client roster.

Key Points: 
  • Chimney , a leader in financial guidance for the digital age, now features over 30 banks across the country on the client roster.
  • Using Chimney’s interactive financial tools, these banks offer personalized digital experiences that generate deposits, and drive new customer acquisition and expanded wallet share.
  • The company’s solutions, which include its award-winning financial calculators, are designed to help banks cultivate strong customer relationships and capture more data to grow wallet share.
  • Our suite of interactive tools sets banks on the path toward deeper depositor relationships through increased engagement, more informed product offers and better opportunities to cross-sell.

Navy Federal Credit Union Now Operates Department of Defense Overseas Military Banking Facilities

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Mardi, avril 2, 2024
Professional Services, Defense, Insurance, Military, Finance, Banking, Veterans, Active duty, Navy Federal Credit Union, ATM, Community Bank, MBF, Credit, Navy, Bank

Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points: 
  • Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."
  • These MBFs are part of the Department of Defense (DoD) Overseas Military Banking Program.
  • MBFs overseas will now be co-branded as "Community Bank, Operated by Navy Federal Credit Union.”
    “The Overseas Military Banking Program fits our core values at Navy Federal and is consistent with our primary mission of supporting Active Duty military members and their families,” said Kara Cardona, COO of Navy Federal.
  • While Navy Federal Credit Union now operates these MBFs overseas, these institutions will remain as separate entities.