American Bankers Association

Velocity Solutions Teams Up with the Tennessee Bankers Association to Promote Small-Dollar Lending in their Member Bank Communities

Retrieved on: 
Thursday, June 6, 2019
Professional services, Banking, Finance, Economy, American Bankers Association, Banking industry, Bank

Velocity Solutions, LLC , the leading provider of revenue enhancement solutions to regional and community financial institutions, announced a strategic partnership with the Tennessee Bankers Association (TBA) to enable its Member Banks to provide small-dollar consumer loans in their communities.

Key Points: 
  • Velocity Solutions, LLC , the leading provider of revenue enhancement solutions to regional and community financial institutions, announced a strategic partnership with the Tennessee Bankers Association (TBA) to enable its Member Banks to provide small-dollar consumer loans in their communities.
  • The CashPlease platform is offered by Velocity Borrower Logic, LLC, an affiliate of Velocity Solutions.
  • Small-dollar lending used to be a staple service provided by Tennessee banks to meet the needs of their communities, said Colin Barrett, president of the Tennessee Bankers Association.
  • Our CashPlease solution naturally aligns with the TBAs goals, said Steve Swanston, Executive Vice President of Velocity Solutions.

Finxact Appoints Banking Executive Christopher McClinton as Chief Marketing Officer

Retrieved on: 
Tuesday, June 4, 2019
Financial services, Economy, Business, Banking, Bank, Economic history of Italy, Core banking, American Bankers Association

JACKSONVILLE, Fla., June 4, 2019 /PRNewswire/ -- Finxact , the emerging leader in SaaS core banking, today announced it has appointed industry leader in emerging payments and technology, Christopher McClinton, as Chief Marketing Officer.

Key Points: 
  • JACKSONVILLE, Fla., June 4, 2019 /PRNewswire/ -- Finxact , the emerging leader in SaaS core banking, today announced it has appointed industry leader in emerging payments and technology, Christopher McClinton, as Chief Marketing Officer.
  • Prior to joining Finxact, McClinton was Senior Vice President at the American Bankers Association (ABA), heading the payments and operations division.
  • "We're thrilled to welcome Christopher to our growing team as we continue to innovate our Core-as-a-Service banking platform," saidFrank Sanchez, Finxact CEO and founder.
  • Finxact's team has decades of core banking experience having built and operated regulatory compliant core banking systems around the globe.

New Survey Demonstrates the Economic and Social Impact of Oregon’s Banks

Retrieved on: 
Thursday, May 30, 2019
Small business, Philanthropy, Professional services, Banking, Other Philanthropy, Economy, Bank, Banking, Economic history of Italy, Ōba, American Bankers Association

A recent survey conducted by the Oregon Bankers Association (OBA) reveals the profound economic and social impact of Oregons banks.

Key Points: 
  • A recent survey conducted by the Oregon Bankers Association (OBA) reveals the profound economic and social impact of Oregons banks.
  • In conjunction with the survey, the OBA has released the publication Oregons Banks: Cornerstones of our Communities and an accompanying infographic .
  • View the full release here: https://www.businesswire.com/news/home/20190530005708/en/
    Oregon Bankers Association survey reveals economic and social impact of Oregon's banks.
  • The survey data also demonstrates the important role banks play as drivers of Oregons economy, particularly in financing small businesses.

WI Agricultural Loan Restructures Up; Wisconsin Bankers Association's Ag Bankers Report on WI Ag Lending

Retrieved on: 
Thursday, May 16, 2019
Economy, Banking, Business, American Bankers Association, Wisconsin, Bank, Commodity

MADISON, Wis., May 16, 2019 /PRNewswire/ --A recent poll by the Wisconsin Bankers Association of Wisconsin's agricultural bankers shows an increase in loan restructures and concerns over commodity prices.

Key Points: 
  • MADISON, Wis., May 16, 2019 /PRNewswire/ --A recent poll by the Wisconsin Bankers Association of Wisconsin's agricultural bankers shows an increase in loan restructures and concerns over commodity prices.
  • In fact, nearly 70% of the 69 agricultural bankers from around the state indicated their bank is actively pursuing new ag business.
  • "It's important for the ag community to have Wisconsin banks to help them through these tough times.
  • Bankers are dedicated to serving their ag customers, even when a loan or other financial product isn't the best solution."

North American Corporate and Municipal CUSIP Request Volume Climbs in April

Retrieved on: 
Wednesday, May 15, 2019
Finance, Money, Economy, American Bankers Association, CUSIP, Market data, Debt, Corporate bond

NEW YORK, May 15, 2019 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2019.

Key Points: 
  • NEW YORK, May 15, 2019 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2019.
  • The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a noteworthy increase in requests for new North American corporate and municipal debt identifiers in April.
  • CUSIP identifier requests for the broad category of U.S.- and Canada-issued equity and debt, increased 8.4% between March and April.
  • On a year-to-date basis, total volume for North American corporates was down 6.2%.

Banking Survey Reveals Vast Majority of Bankers Want Marijuana-Based Business

Retrieved on: 
Wednesday, May 15, 2019
Financial services, Economy, Finance, Banking, Promontory Interfinancial Network, American Bankers Association, Federal Reserve, Bank

The results strongly suggest that bankers eye marijuana-based business as an opportunity for growth.

Key Points: 
  • The results strongly suggest that bankers eye marijuana-based business as an opportunity for growth.
  • Both the American Bankers Association and the Independent Community Bankers of America have called on the federal government to address the split between state laws and federal laws.
  • Promontory Interfinancial Network conducted the Bank Executive Business Outlook Survey between April 2 and April 12, 2019.
  • The 453 banks responding in the survey represent more than eight percent of the banks in the country.

United Bancorp, Inc. Completes $20 Million Subordinated Debt Offering

Retrieved on: 
Tuesday, May 14, 2019
Financial markets, Finance, Money, American Bankers Association, CUSIP, Market data, NASDAQ

President and CEO, Scott A. Everson, stated, "We are pleased to announce the successful completion of our subordinated debt offering at terms that are favorable to our Company.

Key Points: 
  • President and CEO, Scott A. Everson, stated, "We are pleased to announce the successful completion of our subordinated debt offering at terms that are favorable to our Company.
  • Beginning on May 15, 2024 through maturity, the Notes may be redeemed, at United Bancorp's option, on any scheduled interest payment date.
  • United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $621.0 million and total shareholder's equity of $53.8 million as of March 31, 2019.
  • United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

T. Luke Longhofer Recieves Emerging Leader Award From Texas Bankers Association

Retrieved on: 
Monday, May 13, 2019
Financial services, Banking, Finance, American Bankers Association, Banking industry, Deposit insurance, Banking in the United States, Atlantic Coast Financial, Arch Glass Mainous

(NASDAQ: FFIN) today announced that T. Luke Longhofer, Executive Vice President and Chief Credit Officer, was honored as an Emerging Leader in Banking by the Texas Bankers Association at their annual convention last week.

Key Points: 
  • (NASDAQ: FFIN) today announced that T. Luke Longhofer, Executive Vice President and Chief Credit Officer, was honored as an Emerging Leader in Banking by the Texas Bankers Association at their annual convention last week.
  • Longhofer served as a Commissioned Bank Examiner for the Federal Deposit Insurance Corporation for more than seven years before joining First Financial in October 2010.
  • He was promoted to Senior Vice President of Loan Review in 2012 and Executive Vice President of Lending in 2015.
  • The Emerging Leader Award was created by the Texas Bankers Foundation in partnership with the Texas Bankers Association Bank Leadership Council to honor bankers who have had a positive impact in the banking industry and are leaders in their bank.

Reliant Bank Participates in Tennessee Financial Literacy Week

Retrieved on: 
Monday, May 13, 2019
Education, Continuing, Professional services, Banking, Finance, Articles, Financial economics, Economy, Finance, Financial literacy, OECD, Financial wellness, Reliant Bancorp, Literacy, Tennessee, American Bankers Association

Reliant Bank took part in the inaugural Tennessee Financial Literacy Week during April 8-12, 2019.

Key Points: 
  • Reliant Bank took part in the inaugural Tennessee Financial Literacy Week during April 8-12, 2019.
  • Tennessee Financial Literacy Week, sponsored by the Tennessee Bankers Association (TBA), promotes financial literacy among all age groups and the need to educate Tennesseans about the importance of personal financial wellness for the states future prosperity.
  • Reliant is proud to provide tools that help build essential skills needed to make sound financial decisions, said Kim York, EVP, Chief Strategy Officer of Reliant Bank.
  • Bill Lee signed a declaration to designate the first full week of April each year as Tennessee Financial Literacy Week.

Aegon calls USD 500 million in perpetual capital securities

Retrieved on: 
Tuesday, May 7, 2019
Professional services, Finance, Insurance, Finance, Money, Financial regulation, American Bankers Association, CUSIP, Market data, Aegon, International Securities Identification Number, Information

Aegon today announces that it is exercising its right to redeem the USD 500 million perpetual capital securities with a coupon of 6.5% issued in 2005.

Key Points: 
  • Aegon today announces that it is exercising its right to redeem the USD 500 million perpetual capital securities with a coupon of 6.5% issued in 2005.
  • The redemption of these grandfathered Tier 1 securities will be effective June 15, 2019, when the principal amount of USD 500 million will be repaid together with any accrued and unpaid interest.
  • The securities (ISIN code: NL0000062420, CUSIP code: N007924400) are currently listed on the New York Stock Exchange with symbol AED.
  • Today, Aegon is one of the worlds leading financial services organizations, providing life insurance, pensions and asset management.