Treasury management

Cambridge Savings Bank Supplies Crave Better Foods with a Revolving Line of Credit to Support Extensive Growth Strategy

Retrieved on: 
Wednesday, August 17, 2022
Finance, Food, Beverage, Banking, Retail, Professional Services, Multimedia, CEO, Senior, Growth, Season, East Cambridge Savings Bank, Treasury management, Adolescence, LLC, Equal housing lender, Attention, Quality of life, Small business, Acquisition, Cannon, Trade Services Utility, Business Wire, Public sector banks in India, Savings bank, Ice cream, FDIC, Time, CSB, Organization, Bank, Financial services

(Graphic: Business Wire)

Key Points: 
  • (Graphic: Business Wire)
    As it continues expansion plans, Crave Better Foods was looking to establish a relationship with a banking partner to help facilitate future buyouts and growth initiatives.
  • The revolving line of credit provided by CSB will allow the company to grow the business via similar acquisitions.
  • With ice cream being a seasonal business, Crave Better Foods will also leverage the capital provided by CSB to resolve inventory challenges throughout the year.
  • The credit facility will allow Crave Better Foods to build inventory through the winter and spring seasons to support the influx of sales it experiences during the summer months.

Cambridge Savings Bank Extends Financing Package to Support the Next Evolution of Growth for Fulfillment America

Retrieved on: 
Wednesday, August 3, 2022
Professional Services, Technology, Logistics, Supply Chain Management, Transport, Finance, Electronic Commerce, Banking, Quality of life, Savings bank, POP, United States House Financial Services Subcommittee on National Security, International Development and Monetary Policy, Small business, B2B, Literature, Printing, Public sector banks in India, Fulfillment, Equal housing lender, FDIC, CPA, East Cambridge Savings Bank, CSB, Corporation, Shutterfly, Internet, Treasury management, International, Trade Services Utility, Growth, Warehouse, Bank, Annese

Headquartered in Billerica, Mass., Fulfillment America is a national six sigma fulfillment organization that provides B2C and B2B fulfillment services, including warehousing, printing, kit assembly, logistics, and more.

Key Points: 
  • Headquartered in Billerica, Mass., Fulfillment America is a national six sigma fulfillment organization that provides B2C and B2B fulfillment services, including warehousing, printing, kit assembly, logistics, and more.
  • Cambridge Savings Bank is the bank you can trust to provide customized services to meet your business needs.
  • Fulfillment America is a world-class fulfillment services company with its corporate office and production facilities located in Billerica (Boston) Massachusetts.
  • Founded in 1992, Fulfillment America provides a broad range of fulfillment services to over 100 National and International companies.

Comerica Bank Appoints Allysun Fleming To Lead Payments Strategy In New Head of Payments Role

Retrieved on: 
Monday, August 1, 2022
Treasury, Investment, View, Santander Consumer Bank (Deutschland), Treasury management, Human resources, Comerica, Industry, Implementation, Commercial bank, Commercial, NYSE, Retail, Small business, Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo, Bureau of Customs Transformers (basketball), Multimedia, Enrollment, Economics, Automation, Leadership, CMA, State university system, Business development, Head, Fleming, Wells Fargo, Growth, Buffalo, Internet, HSBC, Financial management, Management, Online shopping, Bank, Payment

Fleming will report to Peter Sefzik, Executive Vice President, Commercial Bank.

Key Points: 
  • Fleming will report to Peter Sefzik, Executive Vice President, Commercial Bank.
  • "Our vision is to grow and optimize Comerica in ways that deepen the value we provide our commercial, wealth and retail customers," said Sefzik.
  • She joins Comerica from Wells Fargo in Charlotte, North Carolina, where she most recently delivered customer improvements as Head of Customer Transformation for Commercial Banking.
  • Coupled with her Treasury Management knowledge, Fleming garnered consumer and small business banking experience through Business Deposit product management and finance roles for Wells' Consumer Bank.

ARCESIUM PARTNERS WITH STATE STREET FUND CONNECT TO HELP INSTITUTIONAL INVESTORS SEAMLESSLY MANAGE AND MONITOR CASH PORTFOLIOS

Retrieved on: 
Wednesday, July 27, 2022
CFA, Investment, Treasury management, Treasury, Industry, State Street Corporation, State Street Global Advisors, NYSE, Research, Solution, Risk, State Street, AUM, Partner, Technology, Ecosystem, LinkedIn, Blackstone, STT, Accounting, LLC, SSGA, SPDR, Asset, Financial adviser, Bank, Financial services

NEW YORK, July 27, 2022 /PRNewswire/ -- Arcesium, a leading global financial technology firm, announced today it has partnered with State Street Fund Connect ("Fund Connect"), a global trading and analytics platform.

Key Points: 
  • NEW YORK, July 27, 2022 /PRNewswire/ -- Arcesium, a leading global financial technology firm, announced today it has partnered with State Street Fund Connect ("Fund Connect"), a global trading and analytics platform.
  • We've designed our capabilities and advanced decision-making toolkit to help institutional investors simplify and modernize their workflows.
  • In partnering with State Street Fund Connect, we aim to help clients seamlessly manage and monitor their cash portfolios," said David Nable, Head of Client and Partner Development at Arcesium.
  • Arcesium's seamless integration with Fund Connect will also enable clients to access a variety of major money market fund products.

Signature Bank Appoints Corporate Mortgage Finance Group

Retrieved on: 
Thursday, June 2, 2022
Residential Building & Real Estate, Commercial Building & Real Estate, Security, Construction & Property, Data Management, Technology, Finance, Consulting, Small Business, Banking, Professional Services, REIT, Software, Internet, Other Construction & Property, FDIC, Time, Office of the Supervising Architect for the U.S. Treasury, Bank, Group, Sentinel Management Group, Sale, Treasury, Unitary state, COVID-19, Federal Reserve Board of Governors, CMB, Signature Bank, Forward-looking statement, Solution, Wachovia, Wells Fargo, Castner, BankUnited, Associated Banc-Corp, Industry, Government, EverBank, CMF, Structure of the Federal Reserve System, Ally Financial, Credit Suisse, State Street Bank & Trust Co. v. Signature Financial Group, Inc., Credit Suisse First Boston, Business development, Senior, Prosperity Bancshares, Federal Reserve, JPMorgan Chase, Private Securities Litigation Reform Act, LLC, Environment, Treasury management, Growth, Bank of Hope, UBS, Financial services, Board, Safety, Real estate, Management

Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today the appointment of its Corporate Mortgage Finance (CMF) Group.

Key Points: 
  • Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today the appointment of its Corporate Mortgage Finance (CMF) Group.
  • and Wells Fargo Securities, LLC (including time at predecessor Wachovia Bank) as Managing Director of the Mortgage Banker Finance Group, which he founded and headed.
  • During his career, he also founded and led four successful mortgage finance groups for other large institutions and was a founding shareholder of a community bank, also engaged in mortgage finance.
  • Kucsma spent 21 years at Wells Fargo Bank (and predecessor Wachovia Bank) in Charlotte, N.C., most recently as Director, Warehouse Lending Operations and Transactional Due Diligence within their Asset Backed Finance and Mortgage Banker Finance Group.

Cambridge Savings Bank Fuels Expansion of Atlantic Equipment with a $4.3 Million Lending Package

Retrieved on: 
Thursday, June 2, 2022
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Equal housing lender, FDIC, Time, Research, East Cambridge Savings Bank, CSB, Season, Corporation, Treasury management, Partnership, PPE, Savings bank, Construction, Sale, Public sector banks in India, Equipment, Quality of life, Trade Services Utility, Industry, Small business, Safety, Bank, Revere

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Corporate Banking team provided Atlantic Equipment with $4.3 million in funding to support its expansion across the eastern seaboard.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Corporate Banking team provided Atlantic Equipment with $4.3 million in funding to support its expansion across the eastern seaboard.
  • Headquartered in Revere, MA, the company is an equipment distributor that specializes in the sale, service and rental of safety, roofing, and construction equipment.
  • We needed a trusted partner, not just a loan, said Jack Duffett, Chief Financial Officer at Atlantic Equipment.
  • Cambridge Savings Bank is the bank you can trust to provide customized services to meet your business needs.

Huntington National Bank creates new structure to accelerate enterprise payments strategy

Retrieved on: 
Thursday, June 2, 2022
Risk management, McKinsey & Company, Huntington Bancshares, Company, Pooja Dhingra, Consumer, Treasury management, CEO, Huntington's disease, Organization, Nasdaq, U.S. Bancorp, Multimedia, Growth, HBAN, Sales, Online shopping, Bank

COLUMBUS, Ohio, June 2, 2022 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced today it is creating a new enterprise payments organization to develop, coordinate and execute on its payments strategy and investment roadmap.

Key Points: 
  • COLUMBUS, Ohio, June 2, 2022 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced today it is creating a new enterprise payments organization to develop, coordinate and execute on its payments strategy and investment roadmap.
  • Amit Dhingra has been named Enterprise Payments Director and will lead a team responsible for executing an end-to-end enterprise-wide payments strategy across Consumer and Business Payments, Commercial Payments and Treasury Management.
  • "The organization of an enterprise payments strategy and platform enables us to serve all our customers," said Steve Steinour, Huntington's chairman, president and CEO.
  • Before Huntington, he served in a variety of strategy and transformation leadership roles at U.S. Bank and McKinsey & Company.

PNC'S HEAD OF RETAIL BANKING AND CHIEF CUSTOMER OFFICER KAREN LARRIMER TO RETIRE

Retrieved on: 
Thursday, May 26, 2022
Merchant services, United States Post Office, Courthouse, and Custom House (Spokane, Washington), Columbia Larrimer Building, Public sector banks in India, PNC Financial Services, Mellon Financial, Leadership, American Banker, BBVA, Pegasus Aviation Finance Company, Customer, Working Mother, Pose (TV series), Gunnar S. Overstrom Jr., Girl Guides, BBVA USA, EVP, Woman, Head, Goldman Sachs, Retail banking, Small business, Growth, Treasury management, PNC, NYSE, Ernst & Young, CEO, Financial services, Management, Bank, William S. Demchak, Corporation, Retail

PITTSBURGH, May 26, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Karen Larrimer, head of Retail Banking and chief customer officer, has elected to retire after more than 27 years of service and leadership to the bank. Larrimer will remain as the bank's chief customer officer through 2022, as she transitions out of her role as head of Retail Banking, effective July 1. Alex Overstrom, PNC's current head of Small Business and deputy head of Retail Banking, will assume responsibility for leading PNC's Retail Banking line of business.

Key Points: 
  • PITTSBURGH, May 26, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Karen Larrimer, head of Retail Banking and chief customer officer, has elected to retire after more than 27 years of service and leadership to the bank.
  • Larrimer will remain as the bank's chief customer officer through 2022, as she transitions out of her role as head of Retail Banking, effective July 1.
  • Alex Overstrom, PNC's current head of Small Business and deputy head of Retail Banking, will assume responsibility for leading PNC's Retail Banking line of business.
  • Larrimer has led Retail Banking since July 2016, following her appointment to chief customer officer in 2014.

Cambridge Savings Bank Helps Local Mother and Daughter Business Owners Drive Impressive Growth with Commercial Lending Solution

Retrieved on: 
Saturday, May 21, 2022
Professional Services, Retail, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Food, Beverage, Costco, Seafood, Small business, Meat Products of India, QVC, BJS, VP, Savings bank, Environment, YTS, Solution, Quality of life, PPP, Equal housing lender, East Cambridge Savings Bank, Marketing, Public sector banks in India, Trade Services Utility, CSB, Yankee, Acquisition, Stop & Shop, Treasury management, FDIC, CEO, Bank, Professional Services, Retail, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Food, Beverage, Professional Services, Retail, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Food, Beverage

A local, third generation, woman-owned seafood processing business, YTS is run by CEO and President, Stephanie Hernan, with the support of her daughter Emma Hernan as Vice President of Sales and Marketing.

Key Points: 
  • A local, third generation, woman-owned seafood processing business, YTS is run by CEO and President, Stephanie Hernan, with the support of her daughter Emma Hernan as Vice President of Sales and Marketing.
  • Despite the challenges presented by the pandemic, its important to us at Cambridge Savings Bank that we support local companies doing business the right way.
  • Cambridge Savings Bank is the bank you can trust to provide customized services to meet your business needs.
  • Cambridge Savings Bank is a full-service banking institution with over $5 billion in assets.

Cadence Bank Taps Mandy Mitchell as its Chief Experience Officer

Retrieved on: 
Tuesday, May 10, 2022
Workplace, Corporate communication, Trust, SBA, Equal housing lender, University, Culture, Auburn University, FDIC, Cadence Bank, NYSE, Mitchell, University of Colorado Boulder, CADE, Treasury, Business development, Respect, Government Secondary School, North Bank, Public relations, Marketing, Journalism, Strategic Initiative for Women in the Horn of Africa, Solution, Treasury management, Technology, CEO, Management, Bank

HOUSTON and TUPELO Miss., May 10, 2022 /PRNewswire/ -- Cadence Bank (NYSE: CADE) has appointed Mandy Mitchell as its Chief Experience Officer, a newly established position reporting to the chairman and CEO.

Key Points: 
  • HOUSTON and TUPELO Miss., May 10, 2022 /PRNewswire/ -- Cadence Bank (NYSE: CADE) has appointed Mandy Mitchell as its Chief Experience Officer, a newly established position reporting to the chairman and CEO.
  • In her new role, Mitchell is responsible for developing and overseeing strategies that enhance customers' and teammates' experiences.
  • Her skills and experience complement our ongoing efforts to create an unparalleled banking experience for our customers at every stage of their journey with us.
  • Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and about 400 branch locations across the South and Texas.