CRA

Chelsea Groton Bank Promotes 13

Retrieved on: 
Wednesday, January 31, 2024
Learning, Teaching, Operation, Risk management, Covenant House, University, Commerce, Westerly, Rhode Island, Bank, Loan, Engineering, Basketball, Cambridge College, Retail, CBA, Criminology, Football, Retail banking, Information technology, Development, Sociology, Business, Southern New Hampshire University, Thiel College, Community education, University of South Florida, Certification, New Leaders, Damen, CRA, Identity, MBA, Franklin Pierce University, Assistant, Project management, Quaternary, Central Connecticut State University, Trustee, Management

Groton, Conn., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Chelsea Groton Bank is pleased to announce the promotion of 13 employees following a Board of Trustees meeting.

Key Points: 
  • Groton, Conn., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Chelsea Groton Bank is pleased to announce the promotion of 13 employees following a Board of Trustees meeting.
  • “While much has changed throughout the Bank’s nearly 170 years serving the communities of southeastern Connecticut, the team members of Chelsea Groton Bank continue to go above and beyond for their customers and community,” said Anthony A. Joyce, III, President and CEO of Chelsea Groton Bank.
  • Mario has been with Chelsea Groton Bank since 2016 and has continued to elevate his contributions to Chelsea Groton’s Technology Services team.
  • Luann joined Chelsea Groton Bank in 2015, based out of the Bank’s Lending Center in Glastonbury.

Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2023 Financial Results

Retrieved on: 
Tuesday, January 30, 2024
EPS, American Banker, Small business, Growth, Veterans Memorial Boulevard, HFI, FHLB, Community, FOMC, FTE, Environment, AFS, SBIC, HTM, CRA, Small Business Administration, Federal Reserve, Share repurchase, Federal, Total, Sale, Bank, Federal Open Market Committee, Federal Home Loan Banks, Pleasure, CFA, Movement

ALEXANDRIA, La., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2023.

Key Points: 
  • ALEXANDRIA, La., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2023.
  • Net income for the fourth quarter of 2023 was $8.3 million, which was $271,000, or 3.4%, higher than the prior quarter.
  • Net interest income for the fourth quarter of 2023 was $21.3 million compared to $20.7 million for the prior quarter.
  • Provision expense was $250,000 for the fourth quarter of 2023 compared to $185,000 for the third quarter of 2023.

FHLB Dallas, Home Bank, Fifth District Savings Bank, Red River Bank and Trustmark to Award Nearly $4M in Affordable Housing Funds to Gulf Coast Housing Partnership

Retrieved on: 
Friday, February 2, 2024
Professional Services, Philanthropy, Residential Building & Real Estate, Other Philanthropy, Fund Raising, Construction & Property, Banking, Multimedia, Home Bank, APG system, Trustmark, Rehabilitation, Congress, FHLB, Housing, CRA, AHP, Federal Home Loan Banks, Organization, Management

The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $3.98 million through members Home Bank, Fifth District Savings Bank, Red River Bank and Trustmark to Gulf Coast Housing Partnership (GCHP).

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $3.98 million through members Home Bank, Fifth District Savings Bank, Red River Bank and Trustmark to Gulf Coast Housing Partnership (GCHP).
  • The Affordable Housing Program (AHP) grants will support seven affordable housing projects in Louisiana and Mississippi.
  • View the full release here: https://www.businesswire.com/news/home/20240202331974/en/
    Brian North, Kelvin Luster, Kathy Laborde, Jannease Seastrunk and Bruce Hatton celebrate $3.98M in Affordable Housing Program funds from FHLB Dallas and member banks.
  • “We are grateful to FHLB Dallas, Red River Bank, Trustmark, Home Bank and Fifth District Savings Bank,” she said.

SecEdge Launches SEC-TPM for ASPEED’s AST2600: a Game-changing Secure Connectivity Solution for Server Remote Administration Protection

Retrieved on: 
Tuesday, January 30, 2024
Data Management, Supply Chain Management, Technology, IOT (Internet of Things), Security, Retail, Software, Artificial Intelligence, Networks, Internet, Hardware, TCG, Internet of things, Digital, BMC, CRA, Trust (social science), Trusted Computing Group, Microsoft, Agile management, Certification, NIST, Cloud computing, TPM, Cryptocurrency

Digital security leader SecEdge, Inc. announced the release of its SEC-TPM turnkey security solution for secure remote server provisioning and management.

Key Points: 
  • Digital security leader SecEdge, Inc. announced the release of its SEC-TPM turnkey security solution for secure remote server provisioning and management.
  • The solution now supports ASPEED Technology’s AST2600 Server Management Processor , providing a widespread chip-to-cloud Board Management Controller (BMC) security solution.
  • SEC-TPM is a Trusted Computing Group (TCG) compliant Firmware TPM (fTPM), rooted in the AST2600’s secure hardware execution enclosure.
  • SEC-TPM for AST2600, integrated with the SecEdge Security Platform, introduces several disruptive benefits for cloud computing.

Hope Bancorp Reports 2023 Fourth Quarter and Full-Year Financial Results

Retrieved on: 
Tuesday, January 30, 2024
Banking, Professional Services, Finance, Bank holding company, Growth, SBA, GAAP, HOPE, FDIC, Federal Deposit Insurance Corporation, CRA, Bank of Hope, Bank

Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its fourth quarter and full year ended December 31, 2023.
  • “The 2023 fourth quarter was an important building quarter for the Company with the announcement of our strategic reorganization in October.
  • Fourth quarter 2023 net interest margin contracted 13 basis points to 2.70%, from 2.83% in the 2023 third quarter.
  • Excluding these notable items, fourth quarter 2023 noninterest expense(2) was $84.8 million, down 2% from $86.4 million (excluding $500,000, pre-tax, of restructuring charges) in the 2023 third quarter.

Finite State and Security Risk Advisors (SRA) Announce Strategic Partnership to Drive Enhanced Cybersecurity for Connected Devices

Retrieved on: 
Thursday, February 1, 2024
Partnership, Internet of things, Government, SRA, Patient, SBOM, CRA, FDA, IoMT, Food, Machine, Finite, Software, Face, Engineering, OT, Organization, Risk management

COLUMBUS, Ohio and PHILADELPHIA, Feb. 1, 2024 /PRNewswire-PRWeb/ -- Finite State, an industry leader in software supply chain security, and Security Risk Advisors (SRA), a leader in cybersecurity engineering, testing, operations, and strategy, are pleased to announce a strategic partnership aimed at delivering advanced security solutions for automotive, medical, government, and industrial markets. This collaboration will empower organizations to better protect their assets, optimize their application security posture, help to achieve regulatory compliance, and accelerate go-to-market initiatives.

Key Points: 
  • Finite State and Security Risk Advisors (SRA) partner to deliver advanced security solutions for automotive, medical, government, and industrial markets.
  • COLUMBUS, Ohio and PHILADELPHIA, Feb. 1, 2024 /PRNewswire-PRWeb/ -- Finite State, an industry leader in software supply chain security, and Security Risk Advisors (SRA), a leader in cybersecurity engineering, testing, operations, and strategy, are pleased to announce a strategic partnership aimed at delivering advanced security solutions for automotive, medical, government, and industrial markets.
  • This collaboration will empower organizations to better protect their assets, optimize their application security posture, help to achieve regulatory compliance, and accelerate go-to-market initiatives.
  • More about this partnership can be found on Finite State's website: https://info.finitestate.io/security-risk-advisors-partnership and also on SRA's website: https://sra.io/finitestate .

First Financial Bank and National Community Reinvestment Coalition Announce $2.4 Billion Community Benefits Agreement

Retrieved on: 
Tuesday, January 30, 2024
Community, Volksgemeinschaft, CRA, Community benefits agreement, LMI, Senior counsel, Housing, CBA, DBE, Work, Investment, Commitment, First Financial Bank, NCRC, MBE, Organization, Workforce, Small business, WBE, Negotiation

CINCINNATI, Jan. 30, 2024 /PRNewswire/ -- First Financial Bank (Nasdaq: FFBC) has entered into a new $2.4 billion, five-year Community Benefits Agreement (CBA) with the National Community Reinvestment Coalition (NCRC) and related partner organizations, establishing goals for lending and investments to low- and moderate-income (LMI) clients and census tracts.

Key Points: 
  • CINCINNATI, Jan. 30, 2024 /PRNewswire/ -- First Financial Bank (Nasdaq: FFBC) has entered into a new $2.4 billion, five-year Community Benefits Agreement (CBA) with the National Community Reinvestment Coalition (NCRC) and related partner organizations, establishing goals for lending and investments to low- and moderate-income (LMI) clients and census tracts.
  • The new agreement follows the successful conclusion of First Financial's previous CBA, during which it achieved 192 percent of its $1.75 billion goal in lending and investments for 2018-2023.
  • "Our new Community Benefits Agreement is a bold statement about how First Financial intends to continue its mission to improve lives and help communities thrive," said Archie Brown, president and CEO of First Financial.
  • Every bank should take notice and embrace the same collaborative approach that First Financial continues to take on these issues."

Marine Veteran, Fox News Commentator and CA-49 Congressional Candidate Kate Monroe Officially Endorses Donald J. Trump for President - Her "Republican" Opponents Decline

Retrieved on: 
Tuesday, January 30, 2024
President Trump, Fox News, SAN, CA-49, CRA, Conscience, Nation, Crime, Congress, Republican, Republican Party, Drug

SAN DIEGO, Jan. 30, 2024 /PRNewswire/ -- Kate Monroe, the Marine veteran running for Congress and seeking to "make CA-49 red again," has endorsed Donald J. Trump for a second term as President.

Key Points: 
  • SAN DIEGO, Jan. 30, 2024 /PRNewswire/ -- Kate Monroe, the Marine veteran running for Congress and seeking to "make CA-49 red again," has endorsed Donald J. Trump for a second term as President.
  • She has also ripped her Republican opponents for flatly refusing to endorse President Trump, as "they try to deny him, disparage him, and distance themselves from him as if he's radioactive."
  • About the only factions that still oppose him are the extreme far left socialists, Marxists, communists…and sadly, my three 'Republican' primary opponents."
  • Kate has provided insightful commentary about President Trump's impact on the election and the Nation on numerous national TV networks:

Seacoast Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, January 25, 2024
IOTA, Woman, FDIC, CRA, Credit, Research, Total, Insurance, Federal, FHLB, Share repurchase, Federal Reserve, Workplace, American City Business Journals, Risk, Sale, GAAP, Investment, Federal Home Loan Banks, Common equity, Depreciation, SBA, SBCF, Workforce, Government, The Company, Growth, Video game

STUART, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported net income in the fourth quarter of 2023 of $29.5 million, or $0.35 per diluted share, compared to $31.4 million, or $0.37 per diluted share in the third quarter of 2023 and $23.9 million, or $0.34 per diluted share in the fourth quarter of 2022. For the year ended December 31, 2023, net income was $104.0 million, or $1.23 per diluted share, compared to $106.5 million, or $1.66 per diluted share, for the year ended December 31, 2022.

Key Points: 
  • Pre-tax pre-provision earnings1 were $42.0 million in the fourth quarter of 2023, a decrease of 3% compared to the third quarter of 2023 and a decrease of 9% compared to the fourth quarter of 2022.
  • Accretion on acquired loans totaled $11.3 million in the fourth quarter of 2023, $14.8 million in the third quarter of 2023, and $9.7 million in the fourth quarter of 2022.
  • Seacoast recorded $8.3 million of income tax expense in the fourth quarter of 2023, compared to $9.1 million in the third quarter of 2023, and $7.8 million in the fourth quarter of 2022.
  • SBA originations were $25.0 million during the fourth quarter of 2023, compared to $12.5 million in the third quarter of 2023 and $7.4 million in the fourth quarter of 2022.

First Merchants Corporation Announces Fourth Quarter 2023 Earnings Per Share

Retrieved on: 
Thursday, January 25, 2024
FDIC, CRA, ROA, ACL, Investment, Sale, Common equity, Safety, Risk-weighted asset, Webcast, Retirement, First Merchants Corporation, Growth

First Merchants Corporation (the “Corporation”) has reported fourth quarter 2023 net income available to common stockholders of $42.0 million compared to $70.3 million during the same period in 2022.

Key Points: 
  • First Merchants Corporation (the “Corporation”) has reported fourth quarter 2023 net income available to common stockholders of $42.0 million compared to $70.3 million during the same period in 2022.
  • Diluted earnings per common share for the period totaled $0.71 per share compared to the fourth quarter of 2022 result of $1.19 per share.
  • Noninterest income, totaling $26.4 million for the quarter, decreased $1.4 million, or 5.0 percent, compared to the third quarter of 2023 but increased $2.3 million from the fourth quarter of 2022.
  • First Merchants Corporation will conduct a fourth quarter earnings conference call and web cast at 11:30 a.m. (ET) on Thursday, January 25, 2024.