First National Bank

Derivative Path Expands Partnership with FNBO to Introduce Advanced FX Payments Solution for Correspondent Bank Clients

Retrieved on: 
torsdag, maj 30, 2024
Banking, Professional Services, Finance, Partnership, FX, FNBO, Derivative, Path, First National Bank, Financial services

Building on a successful existing relationship, Derivative Path, Inc. and FNBO (First National Bank of Omaha) are delighted to announce the expansion of their partnership to introduce an advanced FX Payments solution tailored for correspondent bank clients.

Key Points: 
  • Building on a successful existing relationship, Derivative Path, Inc. and FNBO (First National Bank of Omaha) are delighted to announce the expansion of their partnership to introduce an advanced FX Payments solution tailored for correspondent bank clients.
  • The expanded partnership capitalizes on Derivative Path's cutting-edge technology and FNBO's extensive banking network to offer a differentiated FX Payments option designed to streamline international payment processes.
  • Extending our collaboration to include FX Payments for mutual depository clients further solidifies our shared vision for offering state-of-the-art financial solutions.
  • For more information about the FNBO and Derivative Path partnership and the FX Payments solution, please visit FBNO and Derivative Path .

Pinnacle Bankshares Corporation Announces Changes to its Board of Directors and Approval of a new Incentive Stock Plan

Retrieved on: 
onsdag, maj 22, 2024
Uncertainty, Employment, Shareholder, OTCQX, Annual general meeting, Town, Compensated emancipation, Bank, First National Bank, Senior, Plan, First National, Knowledge, City, Habit

During the meeting shareholders also approved the Company’s 2024 Incentive Stock Plan.

Key Points: 
  • During the meeting shareholders also approved the Company’s 2024 Incentive Stock Plan.
  • Mr. Yeatts brings over thirty-five (35) years of experience in real estate and banking to the Boards of Pinnacle and First National.
  • were re-elected to the Board of Directors of the Company as Class III Directors, serving until the 2027 Annual Meeting.
  • The Plan authorizes 200,000 shares for the award of options, restricted stock, or stock issued to Directors in lieu of cash for fees earned.

Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 25 Cents per Share

Retrieved on: 
onsdag, maj 15, 2024
Uncertainty, Bank, First National Bank, City, Habit, Town, Holding company

The $0.25 per share cash dividend is equal to the $0.25 dividend paid last quarter and marks the forty-seventh consecutive quarter that a dividend has been declared.

Key Points: 
  • The $0.25 per share cash dividend is equal to the $0.25 dividend paid last quarter and marks the forty-seventh consecutive quarter that a dividend has been declared.
  • “Pinnacle is pleased to provide a cash dividend of $0.25 per share to our shareholders this quarter,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank.
  • Mr. Hall further commented, “This return on investment is consistent with our prior cash dividend, despite decreased profitability experienced in the first quarter of 2024.
  • We will continue to balance dividends with retention of earnings to sufficiently capitalize the Bank.”
    Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia.

Pinnacle Bankshares Corporation Announces First Quarter 2024 Earnings

Retrieved on: 
torsdag, april 25, 2024
Sale, City, First National Bank, OTCQX, Federal Home Loan Banks, Treasury, Uncertainty, Town, Habit, Asset, ATM, Risk-weighted asset, Shareholder, Bank, United States Treasury security, Balance sheet

Our Stock Price ended the quarter at $28.46 per share, based on the last trade, which is an increase of $4.45, or 19%.

Key Points: 
  • Our Stock Price ended the quarter at $28.46 per share, based on the last trade, which is an increase of $4.45, or 19%.
  • Noninterest income for the quarter ended March 31, 2024 was $1,623,000 representing a $119,000, or 7%, decrease compared to the quarter ended March 31, 2023.
  • Noninterest expense for the quarter ended March 31, 2024 increased $625,000, or approximately 9%, to $7,402,000 from $6,777,000 for the quarter ended March 31, 2023.
  • Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia.

FNBO Teams Up with FICO to Expand Its Credit Transparency Program, Leading to More Financially Empowered Consumers

Retrieved on: 
torsdag, maj 2, 2024
Professional Services, Data Analytics, Technology, Software, Finance, Fintech, Banking, Small business, First National Bank, Financial inclusion, Identity theft, Empowerment, Knowledge, FNBO, FICO, Fraud, Credit, Open access, Retail

This access creates and cultivates more financially aware, literate consumers by allowing them to view their FICO Score directly on their online account or mobile app.

Key Points: 
  • This access creates and cultivates more financially aware, literate consumers by allowing them to view their FICO Score directly on their online account or mobile app.
  • Expanding on its success with FICO Score Open Access, FNBO introduced an enhanced and feature-rich consumer education program known as FNBO Credit Watch℠.
  • Through the FNBO Credit Watch℠ program, FNBO customers can access their FICO® Score and view up to five positive and negative factors that impact their FICO Score.
  • “The benefits of the FICO Score Open Access and FNBO Credit Watch programs have been tremendous,” said Jerry O’Flanagan, executive vice president at FNBO.

Elmer Bancorp, Inc. Announces First Quarter 2024 Financial Results

Retrieved on: 
torsdag, april 25, 2024
Banking, Professional Services, ELMER, First National Bank, Federal Deposit Insurance Corporation, Employment, History, Shareholder, National bank, Bank, OTC Markets Group, FDIC, The First, Annual general meeting

ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), the parent company of The First National Bank of Elmer (the “Bank”), announces its operating results for the quarter ended March 31, 2024.

Key Points: 
  • ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), the parent company of The First National Bank of Elmer (the “Bank”), announces its operating results for the quarter ended March 31, 2024.
  • Net interest income for the three months ended March 31, 2024 totaled $3.612 million, a decrease of $94,000 from $3.706 million in the first quarter of 2023.
  • Non-interest expenses were $106,600 higher in the first quarter of this year compared to the same period last year.
  • Elmer Bancorp’s total assets at March 31, 2024 were $360.6 million, a decrease of $10.5 million from the March 31, 2023 level of $371.1 million.

The First Bancorp Announces First Quarter Results

Retrieved on: 
onsdag, april 17, 2024
Banking, Professional Services, Finance, Common equity, Sale, Total, First National Bank, FHLB, FNLC, Tangible common equity, RESULTS, CRE, Growth, ACL, National bank, First Bancorp, Money market, Efficiency ratio, Bank

The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2024.

Key Points: 
  • The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the three months ended March 31, 2024.
  • OPERATING RESULTS - First Quarter of 2024 vs. Fourth Quarter of 2023
    Net Income for the three months ended March 31, 2024, was $6.0 million, a decrease of $659,000 or 9.9% from the three months ended December 31, 2023.
  • The first quarter 2024 Pre-Tax, Pre-Provision Return on Average Assets was 0.92%, compared to 1.18% in the prior quarter.
  • The Company's Efficiency Ratio (non-GAAP) was 61.15% in the first quarter of 2024, up from 54.08% in the fourth quarter of 2023.

FNB's Workplace Culture Continues to Excel

Retrieved on: 
onsdag, april 24, 2024
First National Bank, FNB, Compensation and benefits, Health, Workplace, Research, FNB Corporation, Culture, USA Today, Management

PITTSBURGH, April 24, 2024 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced today that its banking subsidiary, First National Bank, has been honored as a Top Workplaces National Culture Excellence Awards winner by Energage, an independent research firm specializing in workplace engagement and organizational health. Based solely on internal feedback, the awards highlight the priority the Company places on employee success.

Key Points: 
  • Corporation (NYSE: FNB) announced today that its banking subsidiary, First National Bank, has been honored as a Top Workplaces National Culture Excellence Awards winner by Energage, an independent research firm specializing in workplace engagement and organizational health.
  • Based solely on internal feedback, the awards highlight the priority the Company places on employee success.
  • Innovation for creating a culture where new ideas are encouraged, which helps employees to reach their full potential and benefits performance.
  • Purpose & Values for successfully communicating the company mission and integrating those aspirations into the culture.

The First of Long Island Corporation Announces First Quarter Earnings Conference Call

Retrieved on: 
onsdag, april 3, 2024
First National Bank, Telephone, Culture, Bank

Melville, NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on April 26, 2024 at 2:00 pm Eastern time to discuss first quarter results.

Key Points: 
  • Melville, NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on April 26, 2024 at 2:00 pm Eastern time to discuss first quarter results.
  • Financial results will be released after the market closes on April 25, 2024.
  • The First of Long Island Corporation is the parent company of The First National Bank of Long Island.
  • Through its branch network branded as First National Bank LI, the Bank focuses on business and consumer needs on Long Island and in New York City.

Absecon Bancorp Declares First-Quarter Cash Dividend of $0.75 Per Share

Retrieved on: 
onsdag, mars 13, 2024
First National Bank, FDIC, National bank, The First, Computershare, OTC, Federal Deposit Insurance Corporation

ABSECON, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.75 per share, payable on March 28, 2024 to shareholders of record as of March 14, 2024.

Key Points: 
  • ABSECON, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.75 per share, payable on March 28, 2024 to shareholders of record as of March 14, 2024.
  • The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, New Jersey, has a long history of serving the community since its establishment in 1916.
  • Deposits at The First National Bank of Absecon are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation (FDIC).
  • Dividend distributions are processed by Computershare Trust Company, N.A.