Financial institution

EQS-News: Supervisory Board appoints Dr Christian Ricken as new CEO – Jochen Klösges to leave Aareal Bank Group

Retrieved on: 
Wednesday, April 10, 2024
Deutsche Bank, Real estate, Supervisory board, CFO, Commercial property, Aareal Bank, Business development, University, Software, Commercial, Asset management, International business, LBBW, Treasury, Financial institution, Market

Therefore, the Supervisory Board appointed Dr Christian Ricken as new Chief Executive Officer of Aareal Bank AG from 1 August 2024, subject to customary approvals by the supervisory authority.

Key Points: 
  • Therefore, the Supervisory Board appointed Dr Christian Ricken as new Chief Executive Officer of Aareal Bank AG from 1 August 2024, subject to customary approvals by the supervisory authority.
  • Dr Christian Ricken had also been a member of the Group Executive Committee of Deutsche Bank for several years before joining the Board of Managing Directors of LBBW in 2017.
  • Aareal Bank AG’s Chairman of the Supervisory Board, Jean Pierre Mustier, said: “I am very pleased to welcome Christian Ricken as a new leader for Aareal Bank Group.
  • I’d also like to thank Jochen Klösges on behalf of the entire Supervisory Board for his strong and successful leadership, also in very challenging times.

Verifone Wins “Best Point of Sale Solution” Designation in 8th Annual FinTech Breakthrough Awards Program

Retrieved on: 
Tuesday, April 2, 2024
Cloud, Fintech, POS, Digital banking, Optical disc image, Regulatory technology, Sale, T650, Financial institution, Android, Online shopping

The Verifone T650 is a best-in-class payments solution that operates on a sophisticated AndroidTM platform.

Key Points: 
  • The Verifone T650 is a best-in-class payments solution that operates on a sophisticated AndroidTM platform.
  • Offering flexibility and a user-friendly experience, the T650 is designed for efficiency, security and extended lifetime.
  • Verifone T650 enables merchants to safely accept all payment types, and backs each transaction with end-to-end security.
  • We’re excited to accept this award from FinTech Breakthrough, recognizing our continued adaptability and force to push innovation to the payment space,” said Himanshu Patel, Verifone CEO.

Financial Institutions, Inc. Announces Sale of the Assets of SDN Insurance Agency to NFP

Retrieved on: 
Monday, April 1, 2024
8-K, Financial institution, Five Star Bank, PC, Growth, Form, Bank, Sale, LLP, Security (finance), NFP, Insurance

As part of the transaction, the SDN team joins NFP, including President William E. Gallagher.

Key Points: 
  • As part of the transaction, the SDN team joins NFP, including President William E. Gallagher.
  • “In the nearly 10 years since we entered the insurance space, it has proven to be a valuable line of business that supported revenue diversification.
  • SDN is a full-service insurance agency serving business and personal insurance customers.
  • “In its 100-year history, SDN has established itself as a well-respected partner to commercial and personal insurance customers throughout Western New York,” said Mr. Gallagher.

Trust Stamp announces the 50th Financial Institution to onboard to its low-code Orchestration Layer platform via its Channel Partnership

Retrieved on: 
Thursday, March 28, 2024
Partnership, Independent, FIS, Trust, Financial institution, Cryptocurrency

Atlanta, GA, March 28, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM Trust Stamp announces the 50th Financial Institution to onboard to its low-code Orchestration Layer platform via its channel partnership bringing the total number of financial institutions onboarded to 54.

Key Points: 
  • Atlanta, GA, March 28, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM Trust Stamp announces the 50th Financial Institution to onboard to its low-code Orchestration Layer platform via its channel partnership bringing the total number of financial institutions onboarded to 54.
  • Trust Stamp President, Andrew Gowasack, commented, “In providing our business review for 2023 we announced a five-fold increase in the number of financial institutions onboarded to our Orchestration Layer platform, and I am now delighted to announce the 50th Financial Institution onboarded through our channel partnership, bringing us to a total of 54 onboarded institutions.
  • Our 2023 focus on US-based banks via our channel partnership with FIS has now been augmented by our participation in the acclaimed ThinkTech program operated by The Independent Community Bankers of America and that engagement has already resulted in our tailoring some of our product offerings for the community banking sector, and we anticipate onboarding community bank customers as soon as Q2 of this year.”

Trust Stamp announces the 50th Financial Institution to onboard to its low-code Orchestration Layer platform via its Channel Partnership

Retrieved on: 
Wednesday, March 27, 2024
Partnership, Independent, FIS, Trust, Financial institution, Cryptocurrency

Atlanta, Georgia, March 27, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM Trust Stamp announces the 50th Financial Institution to onboard to its low-code Orchestration Layer platform via its channel partnership bringing the total number of financial institutions onboarded to 54.

Key Points: 
  • Atlanta, Georgia, March 27, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM Trust Stamp announces the 50th Financial Institution to onboard to its low-code Orchestration Layer platform via its channel partnership bringing the total number of financial institutions onboarded to 54.
  • Trust Stamp President Andrew Gowasack commented, “In providing our business review for 2023 we announced a five-fold increase in the number of financial institutions onboarded to our Orchestration Layer platform, and I am now delighted to announce the 50th Financial Institution onboarded through our channel partnership, bringing us to a total of 54 onboarded institutions.
  • Our 2023 focus on US-based banks via our channel partnership with FIS has now been augmented by our participation in the acclaimed ThinkTech program operated by The Independent Community Bankers of America and that engagement has already resulted in our tailoring some of our product offerings for the community banking sector, and we anticipate onboarding community bank customers as soon as Q2 of this year.”

D.A. Davidson Acts as Exclusive Financial Advisor to Crimson Steel Supply on Its Sale to White Cap

Retrieved on: 
Tuesday, April 9, 2024
Finance, Consulting, Manufacturing, Professional Services, Steel, Erosion, Growth, Partnership, Sale, Investment, Crimson, Multimedia, Financial institution, Financial services

Davidson & Co. announced today that it served as exclusive financial advisor to Crimson Steel Supply (“Crimson”), a portfolio company of Argonaut Private Equity (“Argonaut”), on its sale to White Cap (“White Cap”).

Key Points: 
  • Davidson & Co. announced today that it served as exclusive financial advisor to Crimson Steel Supply (“Crimson”), a portfolio company of Argonaut Private Equity (“Argonaut”), on its sale to White Cap (“White Cap”).
  • Headquartered in Tulsa, Oklahoma, Crimson is a premier value-added distributor and fabricator of engineered steel rebar and structural steel products serving commercial, industrial, and infrastructure end-markets.
  • Davidson Acts as Exclusive Financial Advisor to Crimson Steel Supply on Its Sale to White Cap.
  • We are excited for Crimson’s continued growth and next phase with the White Cap team,” said Steve Mitchell, CEO of Argonaut.

Financial Institutions, Inc. Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Monday, March 25, 2024
Financial institution, Five Star Bank

WARSAW, N.Y., March 25, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, will release results for the first quarter ending March 31, 2024 after the market closes on April 25, 2024.

Key Points: 
  • WARSAW, N.Y., March 25, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, will release results for the first quarter ending March 31, 2024 after the market closes on April 25, 2024.
  • Management will host an earnings conference call and audio webcast on April 26, 2024 at 8:30 a.m. Eastern Time.
  • The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants II, Chief Financial Officer and Treasurer.
  • Within the United States, listeners may also access the call by dialing 1-833-470-1428 and providing the access code 916080.

Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger

Retrieved on: 
Friday, March 15, 2024
Federal Reserve Bank, Federal Deposit Insurance Corporation, Organization, OTCQX, Agency, Financial institution

WOOSTER, Ohio and WHEELING, W.Va., March 15, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., jointly announced today that approval has been received from the Federal Reserve Bank, The Federal Deposit Insurance Corp., the Ohio Division of Financial Institutions, and the West Virginia Board of Banking and Financial Institutions (collectively, the “Regulatory Authorities”) for the merger of Wayne with and into Main Street followed by the merger of Main Street Bank Corp. with and into Wayne Savings Community Bank.

Key Points: 
  • WOOSTER, Ohio and WHEELING, W.Va., March 15, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., jointly announced today that approval has been received from the Federal Reserve Bank, The Federal Deposit Insurance Corp., the Ohio Division of Financial Institutions, and the West Virginia Board of Banking and Financial Institutions (collectively, the “Regulatory Authorities”) for the merger of Wayne with and into Main Street followed by the merger of Main Street Bank Corp. with and into Wayne Savings Community Bank.
  • “We are pleased to have received all required approvals from the Regulatory Authorities.
  • We are progressing as planned, and we anticipate closing the transaction in the second quarter,” stated Mark Witmer, Executive Chairman of Wayne.
  • “We are excited to bring together two organizations as a premier community bank with enhanced products and services while honoring our commitment to superior customer service, personalized financial solutions and unwavering community support.”
    The transaction was announced on February 23, 2023 and is expected to close in the second quarter of 2024 pending the satisfaction of all closing considerations, including shareholder approval of both companies.

Financial Institutions, Inc. Announces 2024 Annual Meeting Date

Retrieved on: 
Thursday, March 14, 2024
Financial institution, Annual general meeting, Five Star Bank, Security (finance)

WARSAW, N.Y., March 14, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank (the “Bank”), SDN Insurance Agency, LLC and Courier Capital, LLC, today announced that Wednesday, June 5, has been established as the date of its 2024 Annual Meeting of Shareholders.

Key Points: 
  • WARSAW, N.Y., March 14, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank (the “Bank”), SDN Insurance Agency, LLC and Courier Capital, LLC, today announced that Wednesday, June 5, has been established as the date of its 2024 Annual Meeting of Shareholders.
  • The meeting will be held in a virtual format only, via live webcast, beginning at 10:00 am Eastern Time.
  • The record date for voting at the Annual Meeting will be April 10, 2024.
  • Further details regarding the Annual Meeting, including how to participate, will be included in the Financial Institutions, Inc. Proxy Statement and Notice of Annual Meeting of Shareholders, which is expected to be made available to shareholders and filed with the Securities and Exchange Commission on or about April 12, 2024.

Clip Money Solidifies Its Position as The Largest Multi Bank Deposit Network in The United States for Businesses

Retrieved on: 
Thursday, March 14, 2024
Principal, ATM, Financial institution, Clip, Bank

This move further strengthens Clip’s position as a convenient and secure cash deposit solution for businesses, and Financial Institutions, across the US.

Key Points: 
  • This move further strengthens Clip’s position as a convenient and secure cash deposit solution for businesses, and Financial Institutions, across the US.
  • Beyond shopping mall partnerships, Clip has partnered with NCR Atleos, owner and operator of the largest independent ATM network , to incorporate business cash deposits into thousands of existing NCR Atleos cash-deposit ATMs.
  • This collaboration adds over 2,600 deposit locations to the Clip network,and holds significant potential for reaching main street businesses and previously underserved locations across 70 major metropolitan areas in the United States.
  • This network expansion, fueled by innovative collaborations, paves the way for increased accessibility, security, and efficiency for businesses nationwide.