American Bankers Association

FIRST RESOURCE BANCORP, INC. Recognized as One of the Top Performing Bank Holding Companies Under $2 Billion in the US by American Banker

Retrieved on: 
Tuesday, June 20, 2023
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EXTON, Pa., June 20, 2023 /PRNewswire/ -- First Resource Bancorp, Inc. (OTCQX: FRSB) is proud to announce that it has been recognized by American Banker as one of the top performing publicly traded community banks under $2 billion in assets.

Key Points: 
  • EXTON, Pa., June 20, 2023 /PRNewswire/ -- First Resource Bancorp, Inc. (OTCQX: FRSB) is proud to announce that it has been recognized by American Banker as one of the top performing publicly traded community banks under $2 billion in assets.
  • "Despite the challenging economic environment and recent obstacles that financial institutions have faced over the past year, First Resource Bank continues to shine both locally and throughout the country," said Bank President and CFO, Lauren Ranalli.
  • The three-year average for this figure was 12.6% for the top performers, more than 2 percentage points higher than their peers.
  • "To say that we are incredibly proud of this recent acknowledgement would be an understatement," commented First Resource Bank CEO, Glenn Marshall.

Muncy Bank Financial, Inc. Named to American Banker’s Top 200 Publicly Traded Community Banks in the U.S.

Retrieved on: 
Tuesday, June 13, 2023
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Muncy Bank Financial, Inc. (OTCQB:MYBF), the bank holding company for The Muncy Bank & Trust Company, has been recognized as one of American Banker’s Top 200 Publicly Traded Community Banks in the U.S. for the third consecutive year and for the thirteenth time in the past fourteen years.

Key Points: 
  • Muncy Bank Financial, Inc. (OTCQB:MYBF), the bank holding company for The Muncy Bank & Trust Company, has been recognized as one of American Banker’s Top 200 Publicly Traded Community Banks in the U.S. for the third consecutive year and for the thirteenth time in the past fourteen years.
  • American Banker's annual ranking is a list of publicly traded banks and thrifts with less than $2 billion in total assets.
  • Muncy Bank Financial, Inc. finished in the #107 position, compared to #103 in the prior year ranking.
  • Robert J. Glunk, Chairman of the Board/President & CEO, commented, “Muncy Bank is once again honored to be recognized by American Banker on this list of high performing U.S. community banks.

IOU FINANCIAL RECOGNIZED AS ONE OF 50 BEST PLACES TO WORK IN FINTECH IN 2023 BY AMERICAN BANKER

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Wednesday, June 14, 2023
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Leading online lender recognized as one of Fintech's 50 Best Places to Work in 2023 thanks to a culture of performance based on strong core values.

Key Points: 
  • Leading online lender recognized as one of Fintech's 50 Best Places to Work in 2023 thanks to a culture of performance based on strong core values.
  • ATLANTA, June 14, 2023 /PRNewswire/ - IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today it has been named one of the 50 Best Places to Work in Fintech for 2023 by American Banker.
  • "We are incredibly proud to be recognized by American Banker again this year and congratulate the other winners for helping to raise the bar for the Fintech industry."
  • Companies from across the U.S. entered a two-part survey process to determine American Banker's (Arizent) Best Places to Work in Financial Technology.

American Banker publishes annual State of Digital Banking research report, analyzing the digitally driven initiatives of financial institutions

Retrieved on: 
Tuesday, June 13, 2023
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NEW YORK, June 13, 2023 /PRNewswire-PRWeb/ -- An annual report from Arizent, parent company of American Banker, an information resource for decision makers in financial services, examines the progress and priorities of digitally driven initiatives at financial institutions. The research shows that tech spending will remain a priority, even amid inflation and a possible recession, with a key focus on cybersecurity.

Key Points: 
  • According to the survey, identifying and dealing with cybersecurity threats, including fraud, ranks first among all challenges financial institutions face in advancing their digital initiatives.
  • Digital initiatives are on the minds of many banking executives, with 42% of respondents expecting technology spending to increase by at least 10% over the next 12 months.
  • Among the digitally driven initiatives prioritized by banking executives are buy now, pay later; real-time payments; fraud mitigation; and real-time data and analytics.
  • The consistent focus on digital initiatives is also driving more banks into the arms of financial technology companies.

Glia Named a 2023 Best Place to Work in Financial Technology by American Banker for Second Year in a Row

Retrieved on: 
Tuesday, June 13, 2023
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NEW YORK, June 13, 2023 /PRNewswire/ -- Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automated self-service on a single platform, has been named one of the 2023 Best Places to Work in Financial Technology by Arizent and Best Companies Group for the second consecutive year. The company ranked high on the list based on direct employee feedback about working at Glia.

Key Points: 
  • The company ranked high on the list based on direct employee feedback about working at Glia.
  • The 2023 list was published by Arizent brand American Banker.
  • American Banker's annual survey and awards program is designed to identify, recognize and honor the best employers in the financial technology industry.
  • For more information on the Best Places to Work in Financial Technology program, including full eligibility criteria, visit https://bestcompaniesgroup.com/best-places-to-work-in-financial-technology/

Cenlar FSB to Present at ABA Risk and Compliance Conference on Topics Including: Mortgage Servicing, Hybrid Workplaces, Root Cause Analysis, and Cloud Vendor Management

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Tuesday, June 6, 2023
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Laura Ann Pontelandolfo, Assistant General Counsel, will speak at the “Mortgage Servicing” session, which Tarantino will moderate.

Key Points: 
  • Laura Ann Pontelandolfo, Assistant General Counsel, will speak at the “Mortgage Servicing” session, which Tarantino will moderate.
  • Michael Ambrosius, Chief Technology Risk Officer, will speak at the “Cloud Vendor Management” session, where he will discuss the appeal to the cloud, oversight, and risk associated with the cloud.
  • This session will tackle not just the universal remote work challenges but focus specifically on risk and compliance concerns.
  • Speakers: David Ackley, Senior Vice President, Director of Information Security and Enterprise Risk Management, Camden National Bank; and Mike Ambrosius, Vice President, Chief Technology Risk Officer, Cenlar FSB

Ellevate Network, the Largest Community of Women+ at Work, Announces Agenda for Mobilize Women Summit 2023

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Friday, May 26, 2023
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NEW YORK, May 26, 2023 /PRNewswire-PRWeb/ -- Ellevate Network, the largest community of women+ at work, will host the 7th Annual Mobilize Women virtually on June 7, 2023. At the 2023 Mobilize Women Summit, 20+ thought-leaders and experts will address solutions to key barriers and questions present in today's world. The full agenda has been announced:

Key Points: 
  • Ellevate Network, the largest community of women+ at work, will host the 7th Annual Mobilize Women virtually on June 7, 2023.
  • NEW YORK, May 26, 2023 /PRNewswire-PRWeb/ -- Ellevate Network, the largest community of women+ at work, will host the 7th Annual Mobilize Women virtually on June 7, 2023.
  • At the 2023 Mobilize Women Summit , 20+ thought-leaders and experts will address solutions to key barriers and questions present in today's world.
  • Mobilize Women will include ample opportunity for women+ and allies from all industries to come together, listen with intent, contribute their voice, and map out a plan for a more equitable world.

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

Retrieved on: 
Tuesday, May 23, 2023
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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.

EY Names Bank CEO Kenneth Kelly of Detroit-Headquartered First Independence Bank as a Michigan & Northwest Ohio Entrepreneur of the Year Finalist

Retrieved on: 
Thursday, May 18, 2023
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DETROIT, May 18, 2023 /PRNewswire/ -- EY (Ernst & Young LLP) has named Kenneth Kelly, chairman & CEO, First Independence Bank , as a finalist for its Entrepreneur of the Year, Michigan & Northwest Ohio Region.

Key Points: 
  • DETROIT, May 18, 2023 /PRNewswire/ -- EY (Ernst & Young LLP) has named Kenneth Kelly, chairman & CEO, First Independence Bank , as a finalist for its Entrepreneur of the Year, Michigan & Northwest Ohio Region.
  • Kelly, a highly respected leader in the banking community, sits on many boards within banking.
  • Under his leadership, First Independence Bank has developed several partnerships that have yielded growth for the institution and its positive industry impact.
  • "It is such a tremendous honor and privilege to be recognized as a 2023 EY Entrepreneur Of The Year® finalist in the Michigan and Northwest Ohio region," said Kenneth Kelly, chairman & CEO, First Independence Bank.

American Banker announces finalists for the Innovators of the Year award, celebrating technology innovators in financial services

Retrieved on: 
Wednesday, May 10, 2023
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NEW YORK, May 10, 2023 /PRNewswire-PRWeb/ -- American Banker, Arizent's essential resource for senior executives in financial services, has published its inaugural list of finalists for the Innovators of the Year award.

Key Points: 
  • The new program honors people who are leading innovation across banking and financial technology, setting the course for the industry's future.
  • The inaugural list of finalists includes 20 leaders from organizations that vary in size and business concentration.
  • "The finalists serve as inspiration for the entire industry, showcasing what can be accomplished through an unwavering commitment to excellence and innovation," says Penny Crosman, Executive Editor, Technology at American Banker.
  • Corporation
    This initiative expands on the Digital Banker of the Year program that American Banker has run for the past decade.