First Republic Bank

Council of Federal Home Loan Banks Applauds GAO Report Findings

Retrieved on: 
Monday, April 8, 2024
Deposit insurance, Signature, First Republic Bank, Congress, Federal Reserve Bank, Federal Home Loan Banks, Communication, FDIC, Federal Deposit Insurance Corporation, SVB, Federal, Council, Safety, Federal Housing Finance Agency, Federal Reserve, Silicon Valley Bank, Signature Bank, Bank

WASHINGTON, April 08, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today applauded the findings of a recently published report from the Government Accountability Office (GAO) on the actions of the FHLBanks during the spring 2023 bank failures that disrupted financial markets.

Key Points: 
  • WASHINGTON, April 08, 2024 (GLOBE NEWSWIRE) -- The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today applauded the findings of a recently published report from the Government Accountability Office (GAO) on the actions of the FHLBanks during the spring 2023 bank failures that disrupted financial markets.
  • Additional highlights from the GAO report include:
    Federal financial regulators did not identify FHLBank advances as a factor of concern in any of the three banks’ safety and soundness.
  • Starting on March 9, 2023, the FHLBanks and the Federal Reserve Banks of New York and San Francisco made several efforts, in accordance with their policies and procedures, to help the failing banks pledge collateral to obtain liquidity from the Federal Reserve Banks.
  • It is also worth noting that the GAO report affirms that advances provided to the failed banks had a very limited, if any, direct impact on the Deposit Insurance Fund.”

ValidMind Secures $8.1 Million to Bring More Trust and Transparency to AI in Financial Services

Retrieved on: 
Wednesday, March 27, 2024
Technology, Finance, Security, Fintech, Professional Services, Software, Data Analytics, Data Management, Artificial Intelligence, Consumer, Automation, First Republic Bank, Risk management, Organization, Pressure, Advisory board, Growth, Documentation, Communication, Trust, Risk, AI, LLM, Safety, MRM, Medical device

This funding will advance ValidMind’s go-to-market plans and establish it as a long-term partner to its customers in financial services.

Key Points: 
  • This funding will advance ValidMind’s go-to-market plans and establish it as a long-term partner to its customers in financial services.
  • This funding arrives as more financial institutions embrace AI-powered solutions — 43% of executives believe AI will be critical to financial businesses by 2025 .
  • These factors demonstrate that today’s financial institutions need an end-to-end solution that can promote trust and compliance at every step of the MRM lifecycle, which ValidMind provides.
  • “AI has the potential to truly disrupt financial services, and we believe ValidMind is in a strong position to ensure these models comply with current and future regulations.

Five Star Bancorp invests in San Francisco Bay Area expansion strategy by hiring five commercial banking professionals and planning full-service office in San Francisco

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Traction, Silicon, First Republic Bank, Silicon Valley Bank, Five Star Bank, Star Bank, Nightclub

RANCHO CORDOVA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”) announced the hiring of a team of five seasoned commercial banking professionals in San Francisco to advance the Company’s expansion strategy in the San Francisco Bay Area.

Key Points: 
  • RANCHO CORDOVA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”) announced the hiring of a team of five seasoned commercial banking professionals in San Francisco to advance the Company’s expansion strategy in the San Francisco Bay Area.
  • The Company also announced it expects to open a full-service office at 345 California Street, San Francisco, in the third quarter of 2024.
  • The Company is adding five members to an existing team of proven Bay Area commercial banking professionals led by Five Star Bank’s San Francisco Bay Area Region President DJ Kurtze.
  • “We continue to build momentum in the San Francisco Bay Area as we welcome a team of five well-respected and highly experienced professionals who we believe will enhance our expansion efforts in the Bay Area.

Citizens Accelerates Wealth Management Business with Strategic Leadership Hires and Opening of New Citizens Private Banking Office

Retrieved on: 
Thursday, February 8, 2024
Banking, Professional Services, Chyorny, Wealth, Private banking, First Republic Bank, Private, Growth, JPMorgan Chase, CFG, Head, Wells Fargo, Consumer, Citizens Financial Group

On the heels of launching its new Private Bank and hiring about 200 bankers in 2023, Citizens bolstered its wealth leadership team with the addition of Michael Cherny as Head of Citizens Wealth Management Advisors and Tom Metzger as Head of Citizens Private Wealth Managers.

Key Points: 
  • On the heels of launching its new Private Bank and hiring about 200 bankers in 2023, Citizens bolstered its wealth leadership team with the addition of Michael Cherny as Head of Citizens Wealth Management Advisors and Tom Metzger as Head of Citizens Private Wealth Managers.
  • “Hiring these two high quality executives demonstrates the strength of Private Banking and Wealth Management talent that we have been able to attract to Citizens.
  • All of Citizens new Private Banking offices will offer freshly-baked cookies and signature branded umbrellas to clients at its local offices as symbols of extraordinary service.
  • Citizens Private Bankers are committed to being a single point of contact for clients looking to preserve and grow their wealth.

Peapack-Gladstone Bank Hires Birgitta Natale as Senior Vice President, Director of Residential and Consumer Lending

Retrieved on: 
Tuesday, January 9, 2024
First Republic Bank, Senior, American Home, Credit union, First London, Consumer, PGC, National bank, Coffee, First Republic, Certification

BEDMINSTER, NJ, Jan. 09, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the appointment of Birgitta Natale as Senior Vice President, Director of Residential and Consumer Lending.

Key Points: 
  • BEDMINSTER, NJ, Jan. 09, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the appointment of Birgitta Natale as Senior Vice President, Director of Residential and Consumer Lending.
  • In this role, Ms. Natale is responsible for both residential and consumer lending, management of the residential loan originations team, and new business development as well as the build out of the mortgage operations expansion into New York.
  • Birgitta attended Strombacka in Sweden before immigrating to the United States.
  • She earned her AllRegs certification in compliance and graduated from the Wharton School University of Pennsylvania Management Leadership Program.

Shearman & Sterling Releases its Annual Corporate Governance & Executive Compensation Survey Highlighting Key Trends and Regulatory Developments

Retrieved on: 
Thursday, December 7, 2023
Computer security, Shearman, Face, Woman, Research, Risk management, First Republic Bank, Disclosure, Artificial intelligence, Gender, Shearman & Sterling, AI, Signature Bank, Broad, Silicon Valley Bank, Climate change, Risk, Thought, Silicon, Corporate governance, SVB

NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Global law firm Shearman & Sterling today released its annual Corporate Governance & Executive Compensation Survey.

Key Points: 
  • NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Global law firm Shearman & Sterling today released its annual Corporate Governance & Executive Compensation Survey.
  • Now in its 21st edition, the survey provides a review of key corporate governance trends, along with a comprehensive examination of the corporate governance and executive compensation practices of 100 of the largest U.S. public companies.
  • The annual survey tracks the impact of changing practices, trends and regulatory developments on key areas of corporate governance and executive compensation.
  • Given the breadth of data collected by the survey, the report can serve as a benchmark for public company directors and executives to assess their governance practices.

Daguan·Keweiwei Brand Value (China) Network Presented a Brief Overview of Global Industry Dynamics

Retrieved on: 
Friday, November 17, 2023
LVMH, Food, Electronics, Government, Radio, Pepsi, Silicon, Insurance, Coca-Cola, Artificial intelligence, First Republic Bank, Statistics, Credit Suisse, Food industry, Water, ChatGPT, Growth, Electricity, AI, News, Chemical industry, Face, Education

Beijing, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- On November 17, 2023, www.bvrcn.com Daguan·Keweiwei Brand Value (China) Network, which developed first systematic, scientific, and comprehensive " China Brand Value Evaluation Standard " and successfully organized and globally released 8 sessions of “Daguan·Keweiwei China Brand Value Top 100” and 3 sessions of “Daguan ·Keweiwei World Brand Value Top 900”, presented a brief overview of global industry dynamics.

Key Points: 
  • Beijing, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- On November 17, 2023, www.bvrcn.com Daguan·Keweiwei Brand Value (China) Network, which developed first systematic, scientific, and comprehensive " China Brand Value Evaluation Standard " and successfully organized and globally released 8 sessions of “Daguan·Keweiwei China Brand Value Top 100” and 3 sessions of “Daguan ·Keweiwei World Brand Value Top 900”, presented a brief overview of global industry dynamics.
  • Fourthly, as for home appliance industry, in the first half of 2023, the home appliance industry did not do well.
  • Sixthly, as for finance industry, global financial regulation continues to tighten, strengthening the banking industry crisis response management.
  • Fifteenthly, as for the services industry such as tourism industry, hotel & food industry, education and training, experienced a positive growth.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Monday, November 13, 2023
Defendant, Sale, Ext, PacWest Bancorp, Pressure, Safety, Banc of California, Silicon Valley Bank, LLP, PWB, Action Replay, Pomerantz, Investment, Bank holding company, Complaint, Signature Bank, Report, First Republic Bank, Treasury, Federal, District court, FDIC, Person, Silvergate Bank, Form 10-Q, Banq, Silvergate, Court, Fed, PacWest, News, Prior, SVB, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

San Diego Angel Conference at USD Opens 2024 SDAC VI Fund to Angel Investors as Applications for Founders Seeking Funding Close on December 19

Retrieved on: 
Friday, December 8, 2023
Finance, Consulting, Professional Services, Small Business, Start-Up, Other Education, University, Other Professional Services, Education, SDSU, Organization, University of San Diego, Investment, Learning, Social capital, USD, First Republic Bank, Brink, Conference, University of California, San Diego State University, Environment, MSF, UCSD, Financial services, Cryptocurrency, SDAC

San Diego Angel Conference at the University of San Diego (SDAC) activates angel investors and connects them with early-stage companies seeking seed funding.

Key Points: 
  • San Diego Angel Conference at the University of San Diego (SDAC) activates angel investors and connects them with early-stage companies seeking seed funding.
  • SDAC angel investors can expand their network through structured seminars, and socials, and by becoming a member of the USD President’s Club.
  • SDAC partners with 35+ organizations including University of San Diego ( USD ), San Diego State University ( SDSU ), and University of California, San Diego ( UCSD ), to drive deal flow and mentor startups.
  • SDAC Founder Mysty Rusk says, “We activate angel investors and fund companies with potential to solve some of the world’s biggest problems.

JASON BIRNBAUM APPOINTED PRESIDENT OF THE PRIVATE BANK AT FLAGSTAR BANK, N.A.

Retrieved on: 
Thursday, November 9, 2023
Greater Community Bancorp, NYSE, Senior, Commercial, New York Community Bank, Private banking, Flagstar Bank, First Republic Bank, Getaped.com, Inc. v. Cangemi, NYCB, Flagstar, Bank

HICKSVILLE, N.Y., Nov. 9, 2023 /PRNewswire/ -- Flagstar Bank, N.A. ("Flagstar"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") announced today the appointment of Jason Birnbaum to Executive Vice President and President of the Private Bank effective immediately. In his new role, Jason will be responsible for the day-to-day management and oversight of all private client banking teams. He joined Flagstar earlier this year from First Republic Bank, after a 16-year tenure, where he led a team of private bankers, catering to a wide variety of clients, including high-net worth individuals and their businesses. With more than 25 years' experience in private banking, he is a well-respected industry veteran with a proven track record in winning and growing businesses. He succeeds Senior Executive Vice President and President of Commercial and Private Banking, Eric Howell, who will transition to a non-executive advisory role for the Company.

Key Points: 
  • ("Flagstar"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") announced today the appointment of Jason Birnbaum to Executive Vice President and President of the Private Bank effective immediately.
  • In his new role, Jason will be responsible for the day-to-day management and oversight of all private client banking teams.
  • Senior Executive Vice President and President of Banking, Reggie Davis will assume responsibility and oversight of the Private Banking Group, with Jason reporting directly to him.
  • I am confident that, working closely with Reggie, Jason will strengthen and elevate our Private Banking Group," said Mr. Cangemi.