Office of the Comptroller of the Currency

Southern Michigan Bancorp and Southern Michigan Bank & Trust Announce Leadership Transition

Retrieved on: 
Tuesday, October 3, 2023
Western Michigan University, Tiffin University, Comptroller, Bachelor of Business Administration, Office of the Comptroller of the Currency, University of Michigan, Miller, Currency, School, Business administration, Retirement, Grand Valley State University, Castle, Knowledge, Growth, Central Michigan University, Anglin, Economics, Safety, Management, Drug, Bank, Nursing

COLDWATER, Mich., Oct. 03, 2023 (GLOBE NEWSWIRE) -- After decades of leadership and service, CEO John Castle and President Kurt Miller are planning to retire from Southern Michigan Bancorp and Southern Michigan Bank & Trust.

Key Points: 
  • COLDWATER, Mich., Oct. 03, 2023 (GLOBE NEWSWIRE) -- After decades of leadership and service, CEO John Castle and President Kurt Miller are planning to retire from Southern Michigan Bancorp and Southern Michigan Bank & Trust.
  • Southern will continue to be headquartered in Coldwater, as it has been since its founding in 1872.
  • “Combined, they have a near century of knowledge and commitment to the success of Southern, which has benefited tremendously from their leadership.
  • Grabowski joined Southern in 2003 and has held leadership roles in managed assets and commercial lending before stepping into the bank’s top lending role.

Former Senior CFPB Attorney and Top Industry General Counsel Launch New Firm: SeldenLindeke LLP

Retrieved on: 
Monday, July 31, 2023
Los Angeles Times, CFPB, Private sector, LLP, Fintech, HELOC, Alston & Bird, Alston, Ernst & Young Entrepreneur of the Year Award, General counsel, Comptroller, American Bankers Association, Privacy, Office of the Comptroller of the Currency, Treasury, Currency, Consumer Financial Protection Bureau, Acquisition, O'Hara, U.S. Treasury, Promontory, Personal injury lawyer, Risk, Consumer, Promontory Financial Group, Knowledge, Bank

Prior to beginning his legal career, Lindeke worked in every aspect of mortgage origination from origination, processing and underwriting, to closing.

Key Points: 
  • Prior to beginning his legal career, Lindeke worked in every aspect of mortgage origination from origination, processing and underwriting, to closing.
  • Most recently, he served as General Counsel and Chief Legal Officer, and will continue to serve the role of outside General Counsel, at Change Lending LLC.
  • Given this successful track record, he was recently named a finalist for the prestigious Los Angeles Times In-House Counsel of the Year Award in 2023.
  • For more information, contact the firm at (888) 854-4244, send an email to [email protected] , or visit www.seldenlindeke.com .

NBT Bancorp Inc. Receives Regulatory Approval, Announces Date for Merger With Salisbury Bancorp, Inc.

Retrieved on: 
Monday, July 10, 2023
Federal Reserve Bank, Communication, Plan, Comptroller, Trust Company, Currency, NBT Bank, NBT, Federation, National Association, Office of the Comptroller of the Currency, Hudson Valley, Mergers and acquisitions, NORWICH

NORWICH, N.Y., July 10, 2023 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) announced that it has received regulatory approval to complete the proposed merger of Salisbury Bancorp, Inc. (“Salisbury”) with and into NBT and Salisbury Bank and Trust Company (“Salisbury Bank”) with and into NBT Bank, National Association (“NBT Bank”) (the “Merger”). The Office of the Comptroller of the Currency and the Connecticut State Banking Department both approved the Merger, and NBT received an application waiver from the Federal Reserve Bank of New York.

Key Points: 
  • NORWICH, N.Y., July 10, 2023 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) announced that it has received regulatory approval to complete the proposed merger of Salisbury Bancorp, Inc. (“Salisbury”) with and into NBT and Salisbury Bank and Trust Company (“Salisbury Bank”) with and into NBT Bank, National Association (“NBT Bank”) (the “Merger”).
  • A weekend systems conversion will follow with locations of Salisbury Bank opening as NBT Bank offices on August 14, 2023.
  • “Our integration team, made up of employees from Salisbury and NBT, has worked diligently since our announcement to plan a successful transition for Salisbury customers.
  • NBT Bancorp is a financial holding company headquartered in Norwich, NY, with total assets of $11.84 billion at March 31, 2023.

Country's Top Banking Regulators Celebrate Growth of National Safe Banking Partnership

Retrieved on: 
Tuesday, May 23, 2023
Federal Deposit Insurance Corporation, OCC, ABA, Unemployment, Average revenue per user, Marketing, City, Comptroller, American Bankers Association, National Press Club (United States), Banking in the United States, Press club, FDIC, Languages of Ethiopia, Movement, Certification, Organization, Currency, Minneapolis–Saint Paul, Citigroup, Bank of America, Community, Community bank, Office of the Comptroller of the Currency, Growth, Wells Fargo, Conference, Bank

WASHINGTON, May 23, 2023 /PRNewswire/ -- Today at the largest conference in the banking access field, keynote addresses by Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg and Office of the Comptroller of the Currency's (OCC's) Acting Comptroller Michael J. Hsu – two of the nation's top federal banking regulatory agencies – highlighted Bank On movement progress. The Cities for Financial Empowerment Fund (CFE Fund) hosted the 2023 Bank On National Conference at the National Press Club in Washington, DC. There are now over 375 Bank On nationally certified accounts, offered by banks and credit unions representing over 60% of the domestic deposit market; more than half (53%) of all US bank branches offer a Bank On certified account. Federal and state agencies, ranging from the FDIC to the Internal Revenue Service to state Departments of Labor, are pointing consumers to Bank On accounts to receive payments, as are local programs across the country. There are 100 local Bank On coalitions working to advance this national movement, including an increasing number of statewide coalitions.

Key Points: 
  • The Cities for Financial Empowerment Fund (CFE Fund) hosted the 2023 Bank On National Conference at the National Press Club in Washington, DC.
  • There are 100 local Bank On coalitions working to advance this national movement, including an increasing number of statewide coalitions.
  • With national unbanked rates at their lowest numbers ever recorded, we know our joint efforts to move the market towards safe banking for everyone literally is moving the needle on a critical national anti-poverty priority."
  • The FDIC's latest 2021 National Survey of Unbanked and Underbanked Households found that US unbanked rates are at the lowest recorded level ever.

Troutman Pepper Ramps Up White Collar + Government Investigations Practice in North Carolina with Partner Addition

Retrieved on: 
Tuesday, May 2, 2023
University, Justice, Brandon Banks (defensive lineman), Office of Inspector General, U.S. Department of Health and Human Services, Comptroller, Internal Revenue Service, U.S. Department of Justice Office of Legislative Affairs, Government, Currency, Office of the Comptroller of the Currency, McGuireWoods, Risk, Pleasure, Law, Troutman Pepper, Security (finance), BSA/AML, Saint Louis University School of Law, White collar, Private investigator

CHARLOTTE, N.C., May 2, 2023 /PRNewswire/ -- Matthew "Matt" Orso, a white collar litigation attorney who has significant experience counseling clients facing government investigations, has joined Troutman Pepper's nationally recognized White Collar + Government Investigations Practice Group as a partner in Charlotte. He previously served as co-lead of the Bank Defense and Counseling team at McGuireWoods.

Key Points: 
  • Matthew Orso, Known for Representing Major Financial Institutions in High-Profile Enforcement Matters, Joins Firm
    CHARLOTTE, N.C., May 2, 2023 /PRNewswire/ -- Matthew "Matt" Orso , a white collar litigation attorney who has significant experience counseling clients facing government investigations, has joined Troutman Pepper's nationally recognized White Collar + Government Investigations Practice Group as a partner in Charlotte.
  • His addition helps to expand our white collar and government investigations capabilities in North Carolina," added Jason Evans, managing partner of Troutman Pepper's Charlotte office.
  • "I am excited to join Troutman Pepper's sophisticated White Collar + Government Investigations team and to build upon its investigations and litigation offerings," Orso said.
  • Troutman Pepper's White Collar + Government Investigations Practice Group includes former government prosecutors, in-house compliance counsel, and seasoned white collar defense attorneys who proactively resolve sensitive government investigations and proceedings.

NetSfere Awarded Frost & Sullivan’s 2023 Global Competitive Strategy Leadership Award for Excellence in Enterprise Communication

Retrieved on: 
Tuesday, February 21, 2023
Office of the Comptroller of the Currency, Organization, GDPR, Frost, Dodd–Frank Wall Street Reform and Consumer Protection Act, Comptroller, Currency, Legislation, ABB, AWS, API, Ciso, Microsoft, The Frost, Research, Verizon Communications, Sarbanes–Oxley Act, Growth, VMware, Communication, HIPAA, FINRA, Mobile phone

CHICAGO, Feb. 21, 2023 (GLOBE NEWSWIRE) -- NetSfere, a secure enterprise messaging platform, today announces it received the Best Practices Competitive Strategy Leadership Award in the secure messaging solutions industry from Frost & Sullivan, a prestigious growth strategy consulting and research firm. The award is granted to companies demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service and strategic product development. NetSfere is recognized as a leading enterprise communication solution providing customers with exceptional enterprise messaging solutions products, as well as delivering an outstanding customer experience.

Key Points: 
  • CHICAGO, Feb. 21, 2023 (GLOBE NEWSWIRE) -- NetSfere , a secure enterprise messaging platform, today announces it received the Best Practices Competitive Strategy Leadership Award in the secure messaging solutions industry from Frost & Sullivan, a prestigious growth strategy consulting and research firm.
  • The award is granted to companies demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service and strategic product development.
  • NetSfere is recognized as a leading enterprise communication solution providing customers with exceptional enterprise messaging solutions products, as well as delivering an outstanding customer experience.
  • NetSfere offers collaborative secure messaging online and on mobile with high-definition audio, video, SecureMeet , and integrations via securely managed APIs.

Sandbar Raises $4.8M to Combat Financial Crime with Institutional-Grade Transaction Monitoring Software

Retrieved on: 
Tuesday, January 24, 2023
Data Management, Banking, Technology, Professional Services, Security, Asset Management, Software, Networks, Internet, Fintech, Finance, CCO, Organization, Coinbase, AML, Plaid, OpenAI, Comptroller, Visa, Currency, Square, Fraud, API, Engineering, Ecosystem, Risk, Office of the Comptroller of the Currency, Growth, B2B, Risk management, BoxGroup, Microsoft Excel, Cryptocurrency, Stripe, Shoal

The Office of the Comptroller of the Currency is one example of a regulatory body demanding better AML risk management from financial institutions .

Key Points: 
  • The Office of the Comptroller of the Currency is one example of a regulatory body demanding better AML risk management from financial institutions .
  • These organizations are required by law to monitor transactions for illicit activity, but many are failing to do so effectively.
  • With a simple integration, Sandbar provides access to holistic, scalable, and defensible transaction monitoring across financial products and services so organizations can scale their business safely.,” Brock Bontrager, co-founder and CEO at Sandbar.
  • Leaders from Stripe, Coinbase and Visa tout Sandbar’s unique ability to present transaction monitoring as an intuitive, plug-and-play experience.

NetSfere Earns Frost & Sullivan's 2023 Global Competitive Strategy Leadership Award in the Secure Messaging Solutions Industry

Retrieved on: 
Monday, February 13, 2023
Office of the Comptroller of the Currency, Organization, Insurance, GDPR, Frost, Financial Industry Regulatory Authority, Government, Dodd–Frank Wall Street Reform and Consumer Protection Act, Accountability Act, Comptroller, Currency, Legislation, Bob Pavlak, Intellectual property, Law enforcement, General Data Protection Regulation, Health Insurance Portability and Accountability Act, Privacy, Intelligence, Sarbanes–Oxley Act, Health, SAN, Risk management, HIPAA, FINRA, Mobile phone, Retail

SAN ANTONIO, Feb. 13, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the secure messaging solutions industry and, based on its findings, recognizes NetSfere with the 2023 Global Competitive Strategy Leadership Award. NetSfere provides users with security and message delivery capabilities with pioneering features, such as device-to-device encryption, high-definition audio, cloud-based secure storage of messages and files, administrative controls, and secure video capabilities. The company complies with today's regulatory requirements, including General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley, and Financial Industry Regulatory Authority (FINRA), among other modern global regulations. These features make NetSfere one of the most trusted companies for organizations in industries such as finance and healthcare that are exposed to multiple regulations and are required to keep their data fully protected.

Key Points: 
  • NetSfere's cloud-based secure messaging solutions protect corporate data and intellectual property, while maintaining high privacy levels in organizations.
  • SAN ANTONIO, Feb. 13, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the secure messaging solutions industry and, based on its findings, recognizes NetSfere with the 2023 Global Competitive Strategy Leadership Award.
  • NetSfere provides users with security and message delivery capabilities with pioneering features, such as device-to-device encryption, high-definition audio, cloud-based secure storage of messages and files, administrative controls, and secure video capabilities.
  • Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

NetSfere Earns Frost & Sullivan's 2023 Global Competitive Strategy Leadership Award in the Secure Messaging Solutions Industry

Retrieved on: 
Monday, February 13, 2023
Office of the Comptroller of the Currency, Organization, Insurance, GDPR, Frost, Financial Industry Regulatory Authority, Government, Dodd–Frank Wall Street Reform and Consumer Protection Act, Accountability Act, Comptroller, Currency, Legislation, Bob Pavlak, Intellectual property, Law enforcement, General Data Protection Regulation, Health Insurance Portability and Accountability Act, Privacy, Intelligence, Sarbanes–Oxley Act, Health, SAN, Risk management, HIPAA, FINRA, Mobile phone, Retail

SAN ANTONIO, Feb. 13, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the secure messaging solutions industry and, based on its findings, recognizes NetSfere with the 2023 Global Competitive Strategy Leadership Award. NetSfere provides users with security and message delivery capabilities with pioneering features, such as device-to-device encryption, high-definition audio, cloud-based secure storage of messages and files, administrative controls, and secure video capabilities. The company complies with today's regulatory requirements, including General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley, and Financial Industry Regulatory Authority (FINRA), among other modern global regulations. These features make NetSfere one of the most trusted companies for organizations in industries such as finance and healthcare that are exposed to multiple regulations and are required to keep their data fully protected.

Key Points: 
  • NetSfere's cloud-based secure messaging solutions protect corporate data and intellectual property, while maintaining high privacy levels in organizations.
  • SAN ANTONIO, Feb. 13, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the secure messaging solutions industry and, based on its findings, recognizes NetSfere with the 2023 Global Competitive Strategy Leadership Award.
  • NetSfere provides users with security and message delivery capabilities with pioneering features, such as device-to-device encryption, high-definition audio, cloud-based secure storage of messages and files, administrative controls, and secure video capabilities.
  • Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

The City of Milwaukee Is Advancing Transparency and Accountability with Its Open Checkbook Launch

Retrieved on: 
Wednesday, February 1, 2023
Investment, OpenGov, City, Internal Comptroller's Office of the Federal Electoral Tribunal, Customer success, Government, Comptroller, Office of the Comptroller of the Currency, Partnership, Industrial design, Cheque

The goal of the City of Milwaukee's Open Checkbook is to foster transparency and accountability.

Key Points: 
  • The goal of the City of Milwaukee's Open Checkbook is to foster transparency and accountability.
  • The Open Checkbook provides financial information about the City's vendor payments, allowing users to see how the City is spending money and enabling them to analyze the information.
  • I applaud the Comptroller for adding transparency, accountability, and efficiency to the work of the City of Milwaukee," Mayor Cavalier Johnson said.
  • "We are proud to partner with the Comptroller's Office in developing the City of Milwaukee's Open Checkbook.