Commercial bank

New Report Finds Growth of Women Business Owners Outpaces the Market

Retrieved on: 
Tuesday, January 9, 2024
Professional Services, Consumer, Small Business, Entrepreneur, Women, Finance, Banking, Waste management, Woman, Public policy, Employment, Health care, Multimedia, Partnership, Entrepreneurship, COVID-19, Child, Health, Transport, Metropolitan statistical area, Workforce, Small business, WIPP, Commercial bank, Wells Fargo, Physician, Growth, Pharmaceutical industry

View the full release here: https://www.businesswire.com/news/home/20240109113716/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240109113716/en/
    2024 Wells Fargo Impact of Women-Owned Business Report (Photo: Wells Fargo)
    Whether it was during COVID-19 lockdowns in 2020 or supply chain disruptions throughout the pandemic, women business owners are driving economic growth :
    During the onset of the pandemic in 2020, despite business closures, women launched more businesses than they closed, while the number of men-owned businesses declined.
  • From 2019 to 2023, women-owned businesses’ growth rate outpaced the rate of men’s 94.3% for number of firms, 252.8% for employment, and 82.0% for revenue.
  • The report details how their growth plays out across the country, ranking the top and bottom states and Metropolitan Statistical Areas (MSAs) between 2019 and 2023.
  • The states with the highest economic clout for women-owned businesses had strong economies during the pandemic with supportive environments for women-owned businesses:

KeyBank Names Rachael Sampson Head of Community Banking for the Consumer Bank

Retrieved on: 
Friday, January 12, 2024
Woman, Corporation, KeyBank, Business administration, University, Commercial bank, Thomas More University, Corporate responsibility, Real estate

CLEVELAND, Jan. 12, 2024 /PRNewswire/ -- KeyBank has named Rachael Sampson Head of Community Banking for its Consumer Bank. In this newly created role, Sampson will lead teams responsible for the strategy, implementation and execution of a variety of consumer products and services designed to acquire and deepen relationships with clients in low-to-moderate income and diverse segments, as well as the national consumer sales strategy for these segments. Her team will also oversee the day-to-day management of Key's workplace banking and financial wellness programs, and the direction of Key's women and diverse consumer client-focused initiatives.

Key Points: 
  • Her team will also oversee the day-to-day management of Key's workplace banking and financial wellness programs, and the direction of Key's women and diverse consumer client-focused initiatives.
  • Sampson reports to Victor Alexander, Head of Key's Consumer Bank, which serves more than three million clients with branch offices in 15 states and a national multi-channel distribution.
  • Sampson and the Community Banking team will partner closely with KeyBank's Corporate Responsibility team to identify opportunities aligned with Key's purpose of helping clients and communities thrive.
  • Sampson, who has been with KeyBank for 18 years, previously led KeyBank's Key4Women and Key@Work programs which are now part of the new Community Banking organization.

TEB's bond issue generates unprecedented investor interest

Retrieved on: 
Thursday, January 11, 2024
Bank, Citibank, TEB, Emirates NBD, ADCB, BNP Paribas, Commercial bank, USD, Standard Chartered, HSBC

ISTANBUL, Jan. 11, 2024 /PRNewswire/ -- TEB's subordinated bond issuance was led by prominent financial institutions, including Abu Dhabi Commercial Bank, Citibank, HSBC, Emirates NBD, BNP Paribas, and Standard Chartered Bank. The yield rate for the issuance, featuring a ten-year maturity and a call option exercisable in the fifth year, was realized at 9,375 percent. The considerable interest shown by international investors in the bond issuance served as a notable indicator of confidence in both the Turkish financial market and TEB, and achieved our goal of internationally diversifying our investor base.

Key Points: 
  • The international bond issuance garnered significant attention from over 150 global investors, setting a new record with demand exceeding USD 2.9 billion, surpassing the issue amount by more than 7 times.
  • The considerable interest shown by international investors in the bond issuance served as a notable indicator of confidence in both the Turkish financial market and TEB, and achieved our goal of internationally diversifying our investor base.
  • Leblebici: "We take pride in garnering significant interest, a testament to our standing as a strong and reliable bank"
    Commenting on TEB's first subordinated bond issuance, TEB CEO Ümit Leblebici stated: "We received robust demand from foreign investors for our bond issuance.
  • Stating that they convened with international investor companies, Leblebici added, "The USD 400 million Basel III compliant bond issuance executed by our Bank witnessed an unprecedented demand, exceeding USD 2.9 billion and well distributed into foreign investors.

TEB's bond issue generates unprecedented investor interest

Retrieved on: 
Thursday, January 11, 2024
Multimedia, Bank, Citibank, TEB, Emirates NBD, ADCB, BNP Paribas, Commercial bank, USD, Standard Chartered, HSBC

ISTANBUL, Jan. 11, 2024 /PRNewswire/ -- TEB's subordinated bond issuance was led by prominent financial institutions, including Abu Dhabi Commercial Bank, Citibank, HSBC, Emirates NBD, BNP Paribas, and Standard Chartered Bank. The yield rate for the issuance, featuring a ten-year maturity and a call option exercisable in the fifth year, was realized at 9,375 percent. The considerable interest shown by international investors in the bond issuance served as a notable indicator of confidence in both the Turkish financial market and TEB, and achieved our goal of internationally diversifying our investor base.

Key Points: 
  • The international bond issuance garnered significant attention from over 150 global investors, setting a new record with demand exceeding USD 2.9 billion, surpassing the issue amount by more than 7 times.
  • The considerable interest shown by international investors in the bond issuance served as a notable indicator of confidence in both the Turkish financial market and TEB, and achieved our goal of internationally diversifying our investor base.
  • Leblebici: "We take pride in garnering significant interest, a testament to our standing as a strong and reliable bank"
    Commenting on TEB's first subordinated bond issuance, TEB CEO Ümit Leblebici stated: "We received robust demand from foreign investors for our bond issuance.
  • Stating that they convened with international investor companies, Leblebici added, "The USD 400 million Basel III compliant bond issuance executed by our Bank witnessed an unprecedented demand, exceeding USD 2.9 billion and well distributed into foreign investors.

The Women Presidents Organization and JPMorgan Chase Open Nominations for the 2024 50 Fastest Growing Women-Owned and/or Led Companies

Retrieved on: 
Tuesday, January 9, 2024
Woman, JPMorgan Chase, CO, Government, Equity, Organization, WPO, Accelerator, Commercial bank, Inclusion, Education, Growth, Drug

NEW YORK, Jan. 9, 2024 /PRNewswire/ -- The Women Presidents Organization (WPO) and JPMorgan Chase Commercial Banking are seeking nominees for the 50 Fastest Growing Women-Owned and/or Led Companies™ ranking. Nominations are open now and the deadline to apply is February 19, 2024.

Key Points: 
  • NEW YORK, Jan. 9, 2024 /PRNewswire/ -- The Women Presidents Organization ( WPO ) and JPMorgan Chase Commercial Banking are seeking nominees for the 50 Fastest Growing Women-Owned and/or Led Companies™ ranking.
  • The Accelerator will meet three times per year and provide an opportunity for the 50 Fastest winners to address issues specific to fast-growing businesses.
  • It is a celebration of the visionary women entrepreneurs steering these remarkable organizations to unprecedented success," emphasized Camille Burns, CEO of the Women Presidents Organization.
  • "We extend an open invitation to women-owned or -led companies across all industries to apply and receive the recognition they deserve.

Wells Fargo to Announce Fourth Quarter 2023 Earnings on Jan. 12, 2024

Retrieved on: 
Friday, January 5, 2024
Banking, Professional Services, Finance, Investment banking, Commercial bank, Multimedia, Wells Fargo, Housing, Investment management, WFC, Security (finance), Corporation, News, Wealth, Cryptocurrency

Wells Fargo & Company (NYSE: WFC), as previously announced, will report its fourth quarter 2023 earnings results on Friday, Jan. 12, 2024, at approximately 7:00 a.m. Eastern time.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC), as previously announced, will report its fourth quarter 2023 earnings results on Friday, Jan. 12, 2024, at approximately 7:00 a.m. Eastern time.
  • In addition to being available on the company’s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at https://www.sec.gov .
  • View the full release here: https://www.businesswire.com/news/home/20240105362972/en/
    The company will host a live conference call on Friday, Jan. 12, at 10:00 a.m. Eastern time.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

$100,000 Comerica Hatch Detroit Contest by TechTown returns to find Detroit's next winning brick-and-mortar small business

Retrieved on: 
Wednesday, January 3, 2024
Economic development, Mentorship, Partnership, Small business, Motivation, CMA, Incubator, Comerica, Multimedia, La Feria, Texas, Economy, Hatch, Wayne State University, City, Wealth management, Education, University, Commercial bank, Human, Retail, KEY, Assistant, TechTown, Organization, FTE, History, Casino

DETROIT, Jan. 3, 2024 /PRNewswire/ -- Comerica Bank and TechTown Detroit are gearing up for the return of the Comerica Hatch Detroit Contest, a small business competition that awards $100,000 in startup funding from Comerica Bank to one winning entrepreneur seeking to open a Detroit brick-and-mortar storefront. The competition, first launched in 2011, bolsters small business development in Detroit and will take place over the next four months, announcing this year's winning business in the spring.

Key Points: 
  • DETROIT, Jan. 3, 2024 /PRNewswire/ -- Comerica Bank and TechTown Detroit are gearing up for the return of the Comerica Hatch Detroit Contest, a small business competition that awards $100,000 in startup funding from Comerica Bank to one winning entrepreneur seeking to open a Detroit brick-and-mortar storefront.
  • The competition, first launched in 2011, bolsters small business development in Detroit and will take place over the next four months, announcing this year's winning business in the spring.
  • "A true amalgamation of the American dream, the Comerica Hatch Detroit Contest go steps beyond financial investment and directly supports these small business owners by providing vital access to capital, technical guidance and business counsel for them to thrive."
  • Comerica was founded in 1849 in Detroit during a time when all banks in the city were exclusive to the business community.

HDBank and JCB launch the HDBank JCB Ultimate Credit Card and start accepting JCB Cards in Vietnam

Retrieved on: 
Friday, December 22, 2023
POS, JCB Co., Ltd., Travel, Partnership, Credit card, Commercial bank, JCB, Insurance, Heavy equipment

HO CHI MINH CITY & TOKYO, Dec 22, 2023 - (JCN Newswire) - Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), a leading commercial bank in Vietnam, and JCB International Co. Ltd. (JCB), the international operations subsidiary of JCB Co., Ltd., today announced the launch of the HDBank JCB Ultimate Credit Card and the acceptance of JCB Cards in Vietnam.

Key Points: 
  • HO CHI MINH CITY & TOKYO, Dec 22, 2023 - (JCN Newswire) - Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), a leading commercial bank in Vietnam, and JCB International Co. Ltd. (JCB), the international operations subsidiary of JCB Co., Ltd., today announced the launch of the HDBank JCB Ultimate Credit Card and the acceptance of JCB Cards in Vietnam.
  • HDBank becomes JCB's 17th partner financial institution and provides card acceptance at their accepting locations to all JCB cards issued in and out of Vietnam.
  • With the occasion of this launch of the HDBank JCB Ultimate Credit Card, HDBank has also become the official acquiring bank of JCB, marking a significant milestone in the cooperation between HDBank and JCB.
  • The partnership with HDBank will further enhance the acceptance of JCB Cards at merchants across Vietnam, benefiting JCB cardmembers visiting the region as well as local JCB cardmembers.

New to The Street Announces its Five Business Guest Interviews, Episode 533, Airs on the FOX Business Network on Monday, November 27, 2023, at 10:30 PM PT

Retrieved on: 
Friday, November 24, 2023
Marketing, AAEP, Motivation, ICBC, Woman, Software, FDA, Osteoarthritis, Javits Center, VPN, VMX, Dog, Risk management, Big Tech, Communication, Gmail, Street, Interview, OTCQX, Nursing, Human, Commercial bank, Animal, Privacy, Horse, Safety, Capital, S&P, Sony Pictures, Cat, ACL, FRA, Internet, Veterinary medicine, Patient, Fox Business, Biopharmaceutical, FS, Education, Regulation D, CDI, Hospital, ETF, Industrial, European Medicines Agency, Social media, Growth, Investment, Publication, Veterinarian, Politics, Cryptocurrency

As a clinical-stage biopharmaceutical business, ACXP is developing a new class of antibiotics for life-threatening bacterial infections.

Key Points: 
  • As a clinical-stage biopharmaceutical business, ACXP is developing a new class of antibiotics for life-threatening bacterial infections.
  • Based on positive data from Phase 2a and Phase 2b, management is now going forward with the FDA Phase 3.
  • The Company compared its top-line data with the currently used standard-of-care drugs in the marketplace, and Ibezapolstat has impressive positive results.
  • Phases 2a and 2b confirmed that the drug had success in 25 out of 26 patients, approximately 96% success with no reinfections.

RBB Bancorp Announces Appointment of Lynn Hopkins as Interim Executive Vice President and Chief Financial Officer

Retrieved on: 
Monday, December 11, 2023
Banking, Professional Services, Finance, Acquisition, Federal Deposit Insurance Corporation, Climate change, Royal Business Bank, Risk management, Interim, Financial Accounting Standards Board, CFO, Treasury, Strategic planning, Commercial bank, FDIC, Growth, Banq, Knowledge, Pandemic, Disclosure, Bank, Executive, University, LIBOR, Forecasting, Bank Secrecy Act, Update, Consumer protection, Certified Public Accountant, Insurance, Weather, Failure, Earthquake, Terrorism, SOFR, Annual report, FRB, California Department, COVID-19, London Interbank Bid Rate, SBA, Risk, Interim management, Management, Financial services, PacWest Bancorp, First Interstate Bancorp

RBB Bancorp (the “Company”, “we”, “us” or “our”) (NASDAQ: RBB) is pleased to announce the appointment of Ms. Lynn M. Hopkins as Interim Executive Vice President and Chief Financial Officer of Royal Business Bank (the “Bank”) and RBB Bancorp effective December 7, 2023.

Key Points: 
  • RBB Bancorp (the “Company”, “we”, “us” or “our”) (NASDAQ: RBB) is pleased to announce the appointment of Ms. Lynn M. Hopkins as Interim Executive Vice President and Chief Financial Officer of Royal Business Bank (the “Bank”) and RBB Bancorp effective December 7, 2023.
  • Prior to joining the Company, Ms. Hopkins held the position of Executive Vice President and Chief Financial Officer, at Banc of California, Inc., a publicly traded bank holding company with $9.3 billion in assets.
  • Ms. Hopkins also held Chief Financial Officer roles at First Choice Bancorp and Commercial Bank of California, and various executive finance and corporate leadership roles at PacWest Bancorp, California Community Bancshares and Western Bancorp.
  • David Morris, Chief Executive Officer of the Company, expressed enthusiasm for Ms. Hopkins’ appointment, stating, “We are thrilled to have Lynn join us as Interim Chief Financial Officer and look forward to her contributions to the Company.