Security Bank

German American Bank Announces Scott Powell as Chief Credit Officer

Retrieved on: 
Monday, March 4, 2024

JASPER, Ind., March 04, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) and its banking subsidiary, German American Bank, announces that Scott Powell has been appointed Executive Vice President, Chief Credit Officer, effective April 1, 2024.

Key Points: 
  • JASPER, Ind., March 04, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) and its banking subsidiary, German American Bank, announces that Scott Powell has been appointed Executive Vice President, Chief Credit Officer, effective April 1, 2024.
  • Powell will succeed current Executive Vice President and Chief Credit Officer, Keith A. Leinenbach, who will be retiring.
  • As an executive, he has been instrumental in growing our company both organically and through acquisitions, and driving superior financial performance.”
    Powell joined German American Bank through the acquisition of First Security Bank in 2018 where he served as an executive and Chief Credit officer.
  • He currently serves in the role of Regional Credit Officer at German American.

Security Bank drives digital transformation of wealth management business with Avaloq

Retrieved on: 
Wednesday, February 28, 2024

Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%.

Key Points: 
  • Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%.
  • Arnold Bengco, Financial Markets Head at Security Bank, said: "The bank's strategic partnership with Avaloq will strengthen our wealth management capabilities even further.
  • With Avaloq's specialized wealth management platform and RM Workplace solution, we can further expand our wealth management business to help individuals and businesses in the region grow and preserve their wealth.
  • We are proud to work closely with Security Bank to support the growth of the Philippines' wealth management sector."

United Security Bancshares Reports Fourth Quarter and Year-To-Date 2023 Earnings

Retrieved on: 
Thursday, January 25, 2024

The Board of Directors of United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, reported today operating results for the quarter and year ended December 31, 2023.

Key Points: 
  • The Board of Directors of United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, reported today operating results for the quarter and year ended December 31, 2023.
  • For the full release, please visit UBFO Investor Relations https://investors.unitedsecuritybank.com/Q42023-PR/ .

Glacier Bancorp, Inc. Announces Fourth Quarter Earnings Release And Conference Call

Retrieved on: 
Tuesday, January 16, 2024

KALISPELL, Mont., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) will report fourth quarter financial results after the market closes on January 25, 2024.

Key Points: 
  • KALISPELL, Mont., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) will report fourth quarter financial results after the market closes on January 25, 2024.
  • A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, January 26, 2024.
  • Please note that our conference call host no longer offers a general dial-in number.
  • Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register.vevent.com/register/BI418b19026885468085e5f5ca09a5f67e
    To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/2w5869im
    If you are unable to participate during the live webcast, the call will be archived on our website, www.glacierbancorp.com .

Security Bank of Kansas City Expands Partnership with NCR Atleos to Transform Self-Service Banking

Retrieved on: 
Thursday, January 4, 2024

NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding financial access for financial institutions, retailers and consumers, today announced that Security Bank of Kansas City has selected NCR Atleos ATM as a Service as well as Atleos ITM as a Service to enable simple, convenient self-service banking for customers.

Key Points: 
  • NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding financial access for financial institutions, retailers and consumers, today announced that Security Bank of Kansas City has selected NCR Atleos ATM as a Service as well as Atleos ITM as a Service to enable simple, convenient self-service banking for customers.
  • Security Bank of Kansas City has been serving businesses and consumers in and around Kansas City for 90 years.
  • A growing but aging ATM fleet caused the bank to reconsider the deployment model and strategy behind its self-service banking offerings.
  • Now relying on Atleos for comprehensive ATM and ITM management and deployment as well, we will be able to evolve our self-service strategy with greater efficiency and ease,” said Thomas Davies, EVP/Chief Retail Officer at Security Bank of Kansas City.

1st Security Bank Appoints Dan Icasiano to the Position of SVP, Director of Treasury Management

Retrieved on: 
Monday, December 18, 2023

MOUNTLAKE TERRACE, Wash., Dec. 18, 2023 (GLOBE NEWSWIRE) -- 1st Security Bank (‘the Bank’) is pleased to announce the appointment of Dan Icasiano to the position of SVP, Director of Treasury Management, effective November 27th.

Key Points: 
  • MOUNTLAKE TERRACE, Wash., Dec. 18, 2023 (GLOBE NEWSWIRE) -- 1st Security Bank (‘the Bank’) is pleased to announce the appointment of Dan Icasiano to the position of SVP, Director of Treasury Management, effective November 27th.
  • Dan Icasiano’s history of more than thirty years in the banking industry and treasury management services provides a wealth of expertise to 1st Security Bank.
  • CEO, Joe Adams commented, “Dan believes in providing customized deposit solutions for our business customers.
  • Given his expansive knowledge and experience with product development and operational efficiencies, Dan is well-positioned to help guide the Bank in our continued growth.”
    Dan was instrumental in launching and developing treasury management at two other financial institutions.

1st Security Bank Announces the Promotion of Sean McCormick to SVP, Director of Credit Administration

Retrieved on: 
Wednesday, November 22, 2023

MOUNTLAKE TERRACE, Wash., Nov. 22, 2023 (GLOBE NEWSWIRE) -- 1st Security Bank (‘the Bank’) is pleased to announce the promotion of Sean McCormick, currently SVP, Credit Administrator, to the position of SVP, Director of Credit Administration, effective November 1st.

Key Points: 
  • MOUNTLAKE TERRACE, Wash., Nov. 22, 2023 (GLOBE NEWSWIRE) -- 1st Security Bank (‘the Bank’) is pleased to announce the promotion of Sean McCormick, currently SVP, Credit Administrator, to the position of SVP, Director of Credit Administration, effective November 1st.
  • Sean joined 1st Security Bank as a Commercial Credit Analyst in 2011.
  • Sean graduated from the American Bankers’ Association, Stonier Graduate School of Banking, with a leadership certificate from Wharton Executive Education.
  • Sean is on the Finance Committee for the Master Builders Association of King and Snohomish Counties.

United Security Bancshares Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, December 19, 2023

On December 18, 2023, the Board of Directors of United Security Bancshares (the “Company”) (NASDAQ: UBFO), the parent company of United Security Bank (the “Bank”), declared a regular quarterly cash dividend of $0.12 per share on the Company’s common stock.

Key Points: 
  • On December 18, 2023, the Board of Directors of United Security Bancshares (the “Company”) (NASDAQ: UBFO), the parent company of United Security Bank (the “Bank”), declared a regular quarterly cash dividend of $0.12 per share on the Company’s common stock.
  • The dividend is payable on January 19, 2024, to shareholders of record as of January 3, 2024.

Jefferson Security Bank Reports Earnings for the Third Quarter and First Nine Months of 2023

Retrieved on: 
Thursday, November 2, 2023

Basic and diluted earnings per common share were $2.33 and $3.26 for the third quarter of 2023 and 2022, respectively.

Key Points: 
  • Basic and diluted earnings per common share were $2.33 and $3.26 for the third quarter of 2023 and 2022, respectively.
  • Basic and diluted earnings per common share were $8.46 and $9.15 for the nine months ended September 30, 2023 and 2022, respectively.
  • Net income for the third quarter of 2023 decreased $162 thousand, or 20.2%, from the second quarter of 2023.
  • Provision for credit losses increased $46 thousand during the third quarter 2023, when compared to a provision for credit losses of $29 thousand for the second quarter of 2023.

United Security Bancshares Reports Third Quarter and Year-To-Date 2023 Earnings

Retrieved on: 
Monday, October 30, 2023

The Board of Directors of United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, reported today operating results for the quarter and nine months ended September 30, 2023.

Key Points: 
  • The Board of Directors of United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, reported today operating results for the quarter and nine months ended September 30, 2023.
  • For the full release, please visit UBFO Investor Relations https://investors.unitedsecuritybank.com/Q32023PR/ .