Economic history of Italy

Severn Bancorp, Inc. Announces Annual Earnings - Strong Noninterest Income Growth

Monday, January 27, 2020 - 9:05pm

Net Income available to common shareholders for fourth quarter was $1.2 million vs. $2.6 million for the fourth quarter of 2018.

Key Points: 
  • Net Income available to common shareholders for fourth quarter was $1.2 million vs. $2.6 million for the fourth quarter of 2018.
  • Additional top-notch team members have been added to the lending team to help us achieve this loan growth."
  • Growth in mortgage banking production and deposit fees from medical-use cannabis related accounts contributed significantly to the increases in noninterest income.
  • Risk Factors" contained in Severn's Annual Report on Form 10-K for the fiscal year ended December 31, 2018.

Community State Bank Selects Teslar Software

Monday, January 27, 2020 - 1:07pm

Teslar Software (Teslar), a provider of automated workflow and portfolio management tools that help community financial institutions thrive, announced today that Community State Bank has selected its advanced platform to improve efficiencies within the commercial lending process while enhancing the overall borrower experience.

Key Points: 
  • Teslar Software (Teslar), a provider of automated workflow and portfolio management tools that help community financial institutions thrive, announced today that Community State Bank has selected its advanced platform to improve efficiencies within the commercial lending process while enhancing the overall borrower experience.
  • Union Grove, Wis.-based Community State Bank is primarily a business bank with seven locations throughout Southeastern Wisconsin.
  • Community State Bank expects the Teslar platform to help them better reach and engage with customers.
  • We look forward to working with Community State Bank as they use Teslar in many capacities across their institution.

Seacoast to Acquire Fourth Street Banking Company

Thursday, January 23, 2020 - 9:51pm

STUART, Fla., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF) (Seacoast), the holding company for Seacoast National Bank (Seacoast Bank), today announced it has signed a definitive agreement to acquire Fourth Street Banking Co. ("Fourth Street"), the holding company for Freedom Bank of St. Petersburg.

Key Points: 
  • STUART, Fla., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF) (Seacoast), the holding company for Seacoast National Bank (Seacoast Bank), today announced it has signed a definitive agreement to acquire Fourth Street Banking Co. ("Fourth Street"), the holding company for Freedom Bank of St. Petersburg.
  • Under the terms of the merger agreement, Fourth Street shareholders will receive 0.1275 shares of Seacoast common stock for each share of Fourth Street common stock.
  • The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, and 48 traditional branches of its locally-branded, wholly-owned subsidiary bank, Seacoast Bank.
  • Seacoast will file with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 containing a proxy statement of Fourth Street and a prospectus of Seacoast, and Seacoast will file other documents with the SEC with respect to the proposed merger.

Heartland Financial USA, Inc. Declares an 11% Increase in Quarterly Cash Dividend

Thursday, January 23, 2020 - 9:00pm

As of December 31, 2019, there were 36,704,278 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.

Key Points: 
  • As of December 31, 2019, there were 36,704,278 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.
  • Heartland is a diversified financial services company with assets of approximately $13 billion.
  • The company provides banking, mortgage, private client, investment, treasury management, card services and insurance to individuals and businesses.
  • Heartland currently has 115 banking locations serving 84 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California.

Endeavor Bank Announces 2019 Year End Financial Results

Thursday, January 23, 2020 - 6:52am

Endeavor Bank (OTC Pink: EDVR) is pleased to report strong year end results as it continues to grow rapidly to meet the needs of the San Diego business community.

Key Points: 
  • Endeavor Bank (OTC Pink: EDVR) is pleased to report strong year end results as it continues to grow rapidly to meet the needs of the San Diego business community.
  • Dan Yates, CEO, stated, Breaking the $100 million milestone for assets, loans, and deposits at the end of 2019 is a significant achievement.
  • Likewise, total loans also increased to $101 million as of December 31, 2019, representing an increase over the prior year end of $57 million, or 132%.
  • Unique to the Bank is its consultative banking approach that partners business clients with Endeavor Banks senior management.

EMQ Bolsters International Money Transfers into China

Thursday, January 23, 2020 - 5:06am

EMQ, a global financial settlement network today announced that customers from around the world can make secure and reliable cross-border money transfers to their family or friends leveraging the companys extensive real-time pay-out network.

Key Points: 
  • EMQ, a global financial settlement network today announced that customers from around the world can make secure and reliable cross-border money transfers to their family or friends leveraging the companys extensive real-time pay-out network.
  • EMQ has the widest coverage in China, currently covering 126 banks and will be expanding to over 150 banks in the coming months.
  • Powered by EMQs global financial settlement network, our China gateway enables customers from around the world to seamlessly transfer money, in real-time and directly back home to their families.
  • With the upcoming Chinese New Year holidays, we anticipate another year of strong demand in international money transfers and we are well-positioned to continue providing our global customers with the most compliant, end-to-end cross-border solutions leveraging on our comprehensive network across China.

Community Bankers Trust Corporation Announces Timing of Earnings Release and Conference Call

Wednesday, January 22, 2020 - 9:00pm

The public is invited to listen to this conference call by dialing866-374-8379 at least five minutes prior to the call.

Key Points: 
  • The public is invited to listen to this conference call by dialing866-374-8379 at least five minutes prior to the call.
  • Interested parties may also listen to this conference call through the internet by accessing the "Corporate Overview Corporate Profile" page of the Company's internet site at www.cbtrustcorp.com .
  • Community Bankers Trust Corporation is the holding company for Essex Bank, a Virginia state bank with 24 full-service offices, 18 of which are in Virginia and six of which are in Maryland.
  • For information on Community Bankers Trust Corporation, please visit its website at www.cbtrustcorp.com .

BCT-Bank of Charles Town Promotes Desiree Cline to Lead Hedgesville Banking Office

Wednesday, January 22, 2020 - 5:08pm

CHARLES TOWN, W.Va., Jan. 22, 2020 /PRNewswire/ -- (OTC:PTBS) BCT-Bank of Charles Town announced today the recent promotion of Desiree Cline to the position of Relationship Banker, serving their banking office at 119 Cowardly Lion Drive, Hedgesville, West Virginia.Ms.

Key Points: 
  • CHARLES TOWN, W.Va., Jan. 22, 2020 /PRNewswire/ -- (OTC:PTBS) BCT-Bank of Charles Town announced today the recent promotion of Desiree Cline to the position of Relationship Banker, serving their banking office at 119 Cowardly Lion Drive, Hedgesville, West Virginia.Ms.
  • Cline will be responsible for positive customer experiences as well as growing the customer base for the Hedgesville banking office.
  • Ms. Cline brings extensive banking experience into her new role.In her prior role as Universal Banker, she provided customer service to existing and prospective customers.
  • Founded in 1871, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS).

Medica Supports Local Communities through Innovative Program

Wednesday, January 22, 2020 - 4:19pm

Medica, a non-profit health insurer today announced an innovative program designed to support local economies throughout Minnesota by depositing millions of dollars into local community banks.

Key Points: 
  • Medica, a non-profit health insurer today announced an innovative program designed to support local economies throughout Minnesota by depositing millions of dollars into local community banks.
  • By banking locally, Medica is giving community banks more resources to support families and small businesses in our communities.
  • Under this program, Medica will deposit $20 million of its reserves in local community banks throughout the state.
  • The money deposited by Medica will be used, in turn, to invest in local economies through loans by the participating banks to businesses and individuals in the communities they serve.

Axiom Bank, N.A. Hires Mercedis Couillard as VP, Payment Solutions Relationship Manager

Tuesday, January 21, 2020 - 6:05pm

ORLANDO, Fla., Jan. 21, 2020 /PRNewswire-PRWeb/ -- Axiom Bank N.A., a Maitland-based, leading community bank, recently hired Mercedis Couillard as VP, Payment Solutions Relationship Manager.

Key Points: 
  • ORLANDO, Fla., Jan. 21, 2020 /PRNewswire-PRWeb/ -- Axiom Bank N.A., a Maitland-based, leading community bank, recently hired Mercedis Couillard as VP, Payment Solutions Relationship Manager.
  • In this role, Couillard will work with Axiom Bank's clients to provide adaptable payment solutions that further their business and financial goals.
  • Couillard has over three decades of experience in financial management, customer relationship development, commercial payment solutions and sales.
  • "Mercedis brings a wealth of knowledge to our team and to our clients," said Ron Strand-Sorrell, Chief Operating Officer at Axiom Bank.