Commercial bank

Huntington Adds Fund Finance Banking Team to Bolster Its Commercial Banking Offerings

Retrieved on: 
Friday, June 9, 2023
Khaleeji Commercial Bank, Huntington's disease, Commercial bank, Public sector banks in India, Huntington Bancshares, Bank of America, Corporation, Signature Bank, Growth, Bank, Wells Fargo, Financial services, Capstone

COLUMBUS, Ohio, June 9, 2023 /PRNewswire/ -- The Huntington National Bank ("Huntington") announced today the addition of a fund finance banking team to support its sponsor finance business within the Commercial Bank.

Key Points: 
  • COLUMBUS, Ohio, June 9, 2023 /PRNewswire/ -- The Huntington National Bank ("Huntington") announced today the addition of a fund finance banking team to support its sponsor finance business within the Commercial Bank.
  • The 10-person team will significantly boost Huntington's capabilities by providing strategically important financing directly at the fund level and expanding coverage across the sponsor ecosystem.
  • The new team brings decades of experience in subscription finance and will offer new and existing sponsors a broader range of options for financing as we leverage the broader Huntington banking platform.
  • "Huntington is uniquely positioned to leverage its subscription finance business for greater fee opportunities across Middle Market, Corporate, and Capstone," said Scott Kleinman, president of Huntington Commercial Bank.

Citizens Accelerates Private Banking Capabilities with Addition of Multiple Teams Across Boston, Florida, New York, San Francisco

Retrieved on: 
Friday, June 9, 2023
Banking, Professional Services, Finance, Metro New York, CFG, Culture, First Republic, Commercial bank, Johnson Financial Group, Retirement, Acquisition, Wealth management, Public sector banks in India, Consumer, Private banking, NYSE, Citizens Financial Group, Bank, Financial services, Citizenship

Several sought-after teams, formerly with First Republic, chose to join Citizens based on its strong culture and customer focus.

Key Points: 
  • Several sought-after teams, formerly with First Republic, chose to join Citizens based on its strong culture and customer focus.
  • The addition of multiple teams in these geographies meaningfully accelerates Citizens’ strategy to build out Wealth Management, scale Business Banking, grow deposits, and expand in key growth markets.
  • “The addition of these talented and seasoned private bankers helps Citizens significantly boost our growth plans in Wealth Management and Business Banking,” said Brendan Coughlin, Vice Chairman and Head of Consumer Banking at Citizens.
  • Citizens first expanded its wealth management and private banking capabilities in 2019 with the acquisition of Clarfeld Financial Advisors.

Eastern Bank Provides Financing For SPS New England, Inc.’s Conversion To An Employee-Owned Company

Retrieved on: 
Wednesday, June 7, 2023
Banking, Other Professional Services, Professional Services, Finance, Employee Stock Ownership Plan, Senior, Private law, National FongShan Senior Commercial & Industrial Vocational School, ESOP, Commercial bank, Edward F. Stevens, SES, Acquisition, Growth, Bank, SPS, Safety, Management, Eastern Bank

Eastern Bank is pleased to announce its financing for SPS New England, Inc.’s (SPS New England) conversion to an employee-owned company.

Key Points: 
  • Eastern Bank is pleased to announce its financing for SPS New England, Inc.’s (SPS New England) conversion to an employee-owned company.
  • After working with SPS New England since 2017, Eastern Bank is now providing a term loan to support SPS New England’s conversion to employee ownership through the implementation of an Employee Stock Ownership Plan (ESOP), making it a fully employee-owned company.
  • Eastern Bank is also providing a revolving line of credit to support the company’s ongoing financial needs.
  • Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending and employee stock ownership plan-related financing.

Wells Fargo Launches Sports & Entertainment Program to meet unique wealth management needs

Retrieved on: 
Wednesday, June 7, 2023
Professional Services, Business, Finance, Asset Management, Banking, Personal Finance, Private banking, Sport, Investment banking, Wells Fargo, Housing, College, Wells Fargo Advisors, FDIC, Commercial bank, Financial plan, WFC, Trust, SIPC, WIM, Investment management, Corporation, Bank, NYSE, Intuition, Financial adviser, Financial services, Wealth

Wells Fargo announced today a new Sports & Entertainment Program focused on recognizing and supporting financial advisors who serve clients within the sports and entertainment industries.

Key Points: 
  • Wells Fargo announced today a new Sports & Entertainment Program focused on recognizing and supporting financial advisors who serve clients within the sports and entertainment industries.
  • Wells Fargo has a long history of serving the complex needs of clients with significant wealth.
  • “The Sports & Entertainment Program shows our commitment to both our financial advisors, and the affluent and high-net-worth clients that they serve,” said Clarence Nunn, Executive Vice President of Wealth & Investment Management.
  • Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Ping An Ranks 16th in Forbes' Global 2000, 7th among Global Financial Enterprises

Retrieved on: 
Friday, June 9, 2023
Insurance, Science, China Construction Bank, Poverty, Industrial and Commercial Bank of China, Bank of China, Technological literacy, Internet, Agricultural Bank, Commercial bank, Ping'an, Global 2000, Sustainable development, Forbes Global 2000, Corporate welfare, Agricultural Bank of China, ESG, Belt, Adolescence, Bank, Industrial, ICBC, MSCI

With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.

Key Points: 
  • With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.
  • The annual Global 2000 rankings from Forbes are based on an analysis of four metrics: sales, profits, assets and market value.
  • The Group has transformed to smart, digital operations to empower its core financial business and sustain business growth.
  • [1] Forbes Global 2000 used the latest 12 months of financial data available as of May 5, 2023 to calculate the factors used in the ranking.

Ping An Ranks 16th in Forbes' Global 2000, 7th among Global Financial Enterprises

Retrieved on: 
Friday, June 9, 2023
Insurance, Science, China Construction Bank, Poverty, Industrial and Commercial Bank of China, Bank of China, Technological literacy, Internet, Agricultural Bank, Commercial bank, Ping'an, Global 2000, Sustainable development, Forbes Global 2000, Corporate welfare, Agricultural Bank of China, ESG, Belt, Adolescence, Bank, Industrial, ICBC, MSCI

With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.

Key Points: 
  • With steady development of operating income, profit, asset scale and market value, Ping An ranked 7th among global financial institutions, second among global insurance companies, and fifth among China companies.
  • The annual Global 2000 rankings from Forbes are based on an analysis of four metrics: sales, profits, assets and market value.
  • The Group has transformed to smart, digital operations to empower its core financial business and sustain business growth.
  • [1] Forbes Global 2000 used the latest 12 months of financial data available as of May 5, 2023 to calculate the factors used in the ranking.

Investor Open Day: Fosun Implements Business Streamlining and Resilience Building Strategy, Focusing on Core Businesses to Bring New Vitality

Retrieved on: 
Friday, June 9, 2023
Lanvin, Bank of Communications, BlackRock, CICC, GF Securities, European, UBS, Biosimilar, Relaxation, BLA, Mining, The Bund Finance Center, Carcinoma, China Construction Bank, Tourism, Bank of China, Face, Culture, Commercial bank, Yuyuan Tourist Mart, Innovation, Research, Agricultural Bank of China, FTG, Growth, FDA, Empowerment, S&P Global Ratings, Industrial and Commercial Bank of China, Club Med, Communication, Agricultural Bank, Health, J.P. Morgan & Co., BFC, Fosun Pharma, Industrial, Social services, S&P Global, Person, Bank, Annual report, Regulation of tobacco by the U.S. Food and Drug Administration, Food, Security (finance), Management, Renewable energy, Pharmaceutical industry, Fine chemical, Fosun International, EU

It was the first time that Fosun International had held a large-scale offline open day after the pandemic.

Key Points: 
  • It was the first time that Fosun International had held a large-scale offline open day after the pandemic.
  • The investor relations team of Fosun International gave investors an in-depth tour of Fosun Pharma headquarters, the Grand Yuyuan, the Bund Finance Center (BFC), etc.
  • After winning out over the "perfect storm" in 2022, Fosun has been maintaining its strategic focus and accelerating the implementation of the business streamlining and core business-focused strategy.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.

Comerica Announces Expanded Office Location in Fort Lauderdale, Florida

Retrieved on: 
Wednesday, June 7, 2023
Heart, US Bank Centre – Cleveland, Boys & Girls Clubs of America, CMA, Private, Comerica, Commercial bank, Trust, Raleigh, North Carolina, Multimedia, Retail, Suite, United Commercial Bank, Wealth management, Real Estate Settlement Procedures Act, Growth, Community development, Private banking, Central business district, Boy, NYSE, Trade Services Utility, Film industry

DALLAS, June 7, 2023 /PRNewswire/ -- Comerica Bank is pleased to announce the expansion of its Fort Lauderdale, Florida, office in Plaza 100, located in the Central Business District at 100 NE 3rd Ave., Suite 900.

Key Points: 
  • DALLAS, June 7, 2023 /PRNewswire/ -- Comerica Bank is pleased to announce the expansion of its Fort Lauderdale, Florida, office in Plaza 100, located in the Central Business District at 100 NE 3rd Ave., Suite 900.
  • "Our office in Plaza 100 shows Comerica's ongoing growth and investment in Florida and across the Southeast," said Comerica Bank Florida Market President Dave Galbreath.
  • "We are excited to serve the needs of our Florida customers in a state-of-the-art facility in the heart of South Florida."
  • Comerica provides more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas.

FINBOA Webinar to Feature Aite-Novarica Insights on Treasury Onboarding

Retrieved on: 
Tuesday, June 6, 2023
Software as a service, Management, Risk management, Research, HERE, Commercial bank, Treasury, Schonfeld Strategic Advisors, Environment, Necessary, Automation

HOUSTON, June 6, 2023 /PRNewswire/ -- FINBOA and Aite-Novarica are partnering to co-present a live webinar focused on process improvement strategies for Treasury Onboarding in banks and credit unions. FINBOA is a leading innovator in award-winning, SaaS intelligent process automation for regulatory compliance in financial institutions. The Aite-Novarica Group is an industry-leading consultancy of more than 70 analysts and industry practitioners with extensive expertise and relationships across all subsectors of the financial services industry. The FINBOA-hosted webinar entitled: "Treasury Onboarding: Turning Necessity into Strategic Advantage" will be held on June 13, 2023. All Bankers are welcome to attend this event and can register HERE.

Key Points: 
  • HOUSTON, June 6, 2023 /PRNewswire/ -- FINBOA and Aite-Novarica are partnering to co-present a live webinar focused on process improvement strategies for Treasury Onboarding in banks and credit unions.
  • The FINBOA-hosted webinar entitled: "Treasury Onboarding: Turning Necessity into Strategic Advantage" will be held on June 13, 2023.
  • Aite-Novarica Group research data and insights will be shared highlighting how modernizing treasury service onboarding processes improves sales, operations, and the customer experience.
  • Currently, more than 170 banks and credit unions nationwide trust FINBOA solutions to modernize the inefficient manual processes or systems commonly used to manage regulatory compliance for Payment Disputes, Loan Onboarding, Exception Management, Treasury Onboarding and Wires.

Comerica Bank's 14th Annual Shred Day Returns to Southeast Michigan, Saturday, June 10

Retrieved on: 
Monday, June 5, 2023
Separation of investment and retail banking, Corporate sustainability, Food, CMA, Comerica, Electronics, Federal Trade Commission, Identity theft, Commercial bank, ISR, Meal, Multimedia, Recycling, LCD, Computer, Retail, Organization, School, Commercial Bank of Ceylon, Wealth management, Collection, FTE, Water, Information system, Mouse, CRT, Hunger, Environment, Air pollution, NYSE, Cryptocurrency, Video game, Online shopping, Gleaners

DETROIT, June 5, 2023 /PRNewswire/ -- Comerica Bank encourages the public to bring paper documents and electronic devices for recycling to the Comerica Bank Livonia Operation Center (39200 W. Six Mile, Livonia 48152) on Saturday, June 10, from 8 a.m. to 1 p.m., for the return of its 14th annual Shred Day.

Key Points: 
  • The 2022 collection totals surpassed 2019 results, establishing a new record for the largest single-site haul at Comerica's southeast Michigan Shred Day events that first started in 2008.
  • In its 13-year history, Comerica Shred Day in metro Detroit has collected over 1 million pounds of shredded documents that turned into recycled pulp.
  • Gleaners Community Food Bank of Southeastern Michigan will be on site during Shred Day to accept monetary and non-perishable food donations.
  • Last year's totals resulted in more meals generated than any previous 13 metro Detroit Shred Day events.