Treasury management

Cambridge Savings Bank Deepens Relationship with First Boston Construction Holdings, LLC

Retrieved on: 
Wednesday, June 28, 2023
Professional Services, Small Business, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Treasury management, Savings bank, C&I, Pleasure, Growth, Commercial, Commercial and industrial loan, CSB, East Cambridge Savings Bank, Trade Services Utility, Bank

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has increased the Commercial and Industrial (C&I) revolving line of credit for First Boston Construction Holdings , LLC (FBCH) to $60 million.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has increased the Commercial and Industrial (C&I) revolving line of credit for First Boston Construction Holdings , LLC (FBCH) to $60 million.
  • FBCH provides short-term, bridge capital for acquisitions, ground-up construction, or renovations secured by non-owner-occupied residential or commercial properties.
  • “For years, Cambridge Savings Bank has been a trusted partner as we have elevated our brand and grown our footprint in the Boston market,” said David Grossman , President at First Boston Construction Holdings.
  • “With more than 40 years of strong financial performance and a proven track record of success, First Boston Construction Holdings is an ideal customer for the bank to partner with,” said Brian Annese , First Vice President, Senior Corporate Banking Loan Officer Cambridge Savings Bank.

Former KeyCorp Executive, E.J. Burke, Joins Citymark Capital Advisory Board

Retrieved on: 
Thursday, June 22, 2023
KeyBank, The Advisory Board Company, Treasury management, Public sector, LC, Public sector banks in India, Advisory board, Foreign exchange market, Mortgage Bankers Association, Executive Council, Growth, Commercial, Financial services

CLEVELAND, June 22, 2023 /PRNewswire/ -- Citymark Capital, a private equity real estate investment firm and fund manager headquartered in Cleveland, Ohio, is pleased to announce that E.J.

Key Points: 
  • CLEVELAND, June 22, 2023 /PRNewswire/ -- Citymark Capital, a private equity real estate investment firm and fund manager headquartered in Cleveland, Ohio, is pleased to announce that E.J.
  • Burke has been appointed to its advisory board.
  • "After watching the growth and success of the Citymark platform, I look forward to working with Dan Walsh, his team and the rest of the Advisory Board to continue their success," said Burke.
  • 's deep expertise in these areas and build on the professional relationship that he and I have shared for over 20 years," said Daniel Walsh, Founder and CEO of Citymark Capital.

Cambridge Savings Bank Strengthens Focus on Digital Experience with the Addition of Tony Macchi as Head of Digital

Retrieved on: 
Wednesday, June 14, 2023
Professional Services, Data Management, Technology, Software, Finance, Fintech, Banking, Online, Learning, Small business, Treasury management, Senior, Digital, NerdWallet, Savings bank, DMP Digital Music Products, Santander Bank, Multimedia, Organizational culture, E-commerce, Treasury, Avonlea and Ivy Bank, Bank of America, Growth, Bank, SVP, CSB, Second Cambridge Savings Bank Building, Management, Online shopping, Aermacchi

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announces the appointment of Tony Macchi to the role of Senior Vice President, Digital and Products.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announces the appointment of Tony Macchi to the role of Senior Vice President, Digital and Products.
  • Reporting directly to Katie Catlender , CSB’s EVP Chief Customer Officer, Macchi will work to align these efforts with CSB’s customer-centric approach.
  • “The banking industry is undergoing massive transformation, digital is the norm, and we are excited to have Tony champion our approach.
  • Ivy Bank has gained recognition for its high-interest savings products, user-friendly digital experiences, fast onboarding and personalized service.

Cambridge Savings Bank Invests $1 Million in Healthy Neighborhoods Equity Fund II

Retrieved on: 
Thursday, June 8, 2023
Legal, Finance, Banking, Residential Building & Real Estate, Commercial Building & Real Estate, Professional Services, Construction & Property, Other Philanthropy, Philanthropy, Environment, DEI (Diversity, Equity and Inclusion), Sustainability, Foundation, Socially Responsible Investing, Conservation Law Foundation, Partnership, Treasury management, Housing, Funding, Savings bank, Organization, Investment, MA, Commercial, Health, SVP, Fund, CLF, CSB, East Cambridge Savings Bank, Trade Services Utility, Safety, Bank, Renewable energy

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has invested $1 million in Healthy Neighborhoods Equity Fund II (HNEF II).

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has invested $1 million in Healthy Neighborhoods Equity Fund II (HNEF II).
  • HNEF II, a private equity fund, raised $42M, and its stewards intend to use the strategic capital to finance over 450 homes in Massachusetts, Connecticut, and Rhode Island.
  • The fund will expand efforts to clean up environmentally degraded properties and repurpose abandoned locations to create new low-carbon housing.
  • The Fund pairs lower-cost equity and longer investment periods with rigorous screening for community, health, and environmental benefits using CLF’s HealthScoreTM tool.

Republic Bank Advances New Leadership’s Strategy by Enhancing Operational Efficiency and Initiating a Real Estate Evaluation

Retrieved on: 
Thursday, June 1, 2023
Treasury, Republic, Treasury management, Bank, Republic First Bancorp, Republic Bank, Division, CBRE, Cryptocurrency

PHILADELPHIA, June 01, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank" or “Republic”), today announced that it is taking additional steps to enhance operational efficiency within its Retail Banking Division.

Key Points: 
  • PHILADELPHIA, June 01, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank" or “Republic”), today announced that it is taking additional steps to enhance operational efficiency within its Retail Banking Division.
  • Reducing operating hours at branch locations as a result of customers’ growing use of Republic’s online, mobile banking and Treasury Management resources.
  • In addition, Republic has engaged CBRE, a global real estate services and investment firm, to evaluate the Bank’s real estate and assist with the development of a comprehensive plan for the portfolio.
  • Thomas X. Geisel, President and CEO of Republic Bank, stated:
    "All strategies have to evolve.

NJIT Hires Lynn Azarchi as Associate Vice President for Finance and Treasury Management

Retrieved on: 
Thursday, June 1, 2023
Finance Division, Katherine, Treasury, Office of Management and Budget, Treasury management, College, Strategic planning, Accounting, Rutgers University, Public sector, NJIT, Management, New Jersey Institute of Technology, The College of New Jersey

As associate vice president for finance and treasury management, Azarchi will aim to preserve, strengthen and grow the university’s financial resources through strategic planning and best practices.

Key Points: 
  • As associate vice president for finance and treasury management, Azarchi will aim to preserve, strengthen and grow the university’s financial resources through strategic planning and best practices.
  • While she’ll specifically oversee the offices of Treasury Management, Accounting and the Bursar, she’ll also be an asset across the entire Finance Division.
  • Azarchi had worked in the state Office of Management and Budget for 24 years, starting as a senior fiscal analyst before advancing to supervisor, manager, senior assistant director, deputy director and ultimately, acting director, in 2020.
  • As acting director, she was responsible for all statewide budgeting, accounting, cash management and payroll.

White Clay Launches Treasury Management Pricing and Profitability Solution

Retrieved on: 
Thursday, June 1, 2023
Finance, Banking, Professional Services, Other Technology, Technology, Thought, Pain, Treasury, Treasury management, White, Risk, History, White Clay, An Inaccurate Memoir, Cryptocurrency, Bank, Microsoft Excel

White Clay , a company that helps community and regional financial institutions improve relationships and increase revenue, announced the launch of its Treasury Management Pricing and Profitability solution.

Key Points: 
  • White Clay , a company that helps community and regional financial institutions improve relationships and increase revenue, announced the launch of its Treasury Management Pricing and Profitability solution.
  • White Clay’s new Treasury Management Pricing and Profitability solution solves these pain points by offering a modern, automated and efficient alternative.
  • The Treasury Management Pricing and Profitability solution is robust and scalable based on the needs of each bank.
  • White Clay works with banks to determine their pricing strategies, then configure the solution to help increase profitability and boost revenue.

Old National Announces Downtown Louisville Relocation

Retrieved on: 
Tuesday, May 30, 2023
Commercial bank, Treasury, Preston Point, Treasury management, Commercial, Old National Bank, Friends, Love, Cryptocurrency

LOUISVILLE, Ky., May 30, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bank is permanently relocating its downtown Louisville operations from Preston Pointe to 400 West Market Street.

Key Points: 
  • LOUISVILLE, Ky., May 30, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bank is permanently relocating its downtown Louisville operations from Preston Pointe to 400 West Market Street.
  • Old National team members in Commercial Banking, Wealth and Treasury Management will begin relocation immediately with the banking center tentatively scheduled to open on Monday, June 26.
  • "We mourn the losses and continue to support and care for the victims of the tragic event on April 10th,” said Old National Bank CEO Jim Ryan.
  • “On behalf of our full Louisville team, I want to share how excited and grateful we are for this opportunity to continue to serve, and be active participants in, the vibrant downtown Louisville community,” said Dennis Heishman, Old National’s Louisville market president.

BNY Mellon Expands LiquidityDirect(SM) Platform for Short-Term Investment Products

Retrieved on: 
Monday, May 22, 2023
Data management, International Executive Service Corps, Treasury management, Howard University, BNY Mellon, SAP, Treasury, Investment, Sweep, Learning, BK, NYSE, Graduation, Liquidity Services, Security (finance), Cryptocurrency

NEW YORK, May 22, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK) today announced the expansion of its short-term investment platform, LiquidityDirect, to incorporate access to mutual funds, enhanced Focused Investing options, interest-bearing demand deposit accounts and sponsored cleared repo Sweep capabilities to help companies maximize liquidity, manage risks and improve performance. Driven by client demand, these enhancements provide corporate treasurers and other finance executives with a comprehensive platform for leveraging more than 100 investment vehicles.

Key Points: 
  • Driven by client demand, these enhancements provide corporate treasurers and other finance executives with a comprehensive platform for leveraging more than 100 investment vehicles.
  • These developments build on LiquidityDirect 's existing platform integration with several other leading treasury workstations and cash management systems, including Indus Valley Partners, G Treasury and Hazeltree.
  • Adam Vos, CEO of BNY Mellon Markets & Execution Services, said: "Throughout market cycles, the global demand for liquidity remains paramount for all market participants.
  • We will continue evolving the platform to enhance our clients' experience by incorporating the latest market developments, investment options with seamless integration and data management they demand."

Fifth Third Announces Acquisition of Rize Money, Inc.

Retrieved on: 
Monday, May 22, 2023
Professional Services, Payments, Technology, Software, Finance, Fintech, Banking, Treasury, Risk management, Treasury management, Fifth Third Bank, Acquisition, FITB, Financial services

Embedded payments is a core component of Fifth Third’s leading Treasury Management business, supporting clients who value scale, risk sophistication and full range of payment types.

Key Points: 
  • Embedded payments is a core component of Fifth Third’s leading Treasury Management business, supporting clients who value scale, risk sophistication and full range of payment types.
  • “This acquisition is another example of Fifth Third’s commitment to leveraging technology and innovation for the benefit of our clients,” said Bridgit Chayt, head of wholesale payments at Fifth Third Bank.
  • "Fifth Third Bank’s track record in this space and dedication to empowering its clients with financial technology innovation continues to impress us," said Howell.
  • The acquisition was made by an indirect wholly owned subsidiary of Fifth Third and financial terms of the transaction were not disclosed.