State bank

SeABank and AEON Financial have signed a transfer contract for PTF Financial Company valued at 176.6 million USD

Retrieved on: 
Friday, November 10, 2023
AEON, Seabank Hotel, PTF, Multimedia, SSB, State Bank of Vietnam, Financial services, State bank, Aeon Group, Security (finance)

The signing of the contract to transfer the entire capital contribution at PTF is an activity that was approved by the SeABank General Shareholders' Meeting as part of the roadmap to seek potential foreign investors interested in acquiring SeABank's capital contribution in PTF.

Key Points: 
  • The signing of the contract to transfer the entire capital contribution at PTF is an activity that was approved by the SeABank General Shareholders' Meeting as part of the roadmap to seek potential foreign investors interested in acquiring SeABank's capital contribution in PTF.
  • Le Thu Thuy, Vice Chairman of the Board of Directors of SeABank, said: "AEON Financial is one of the leading companies in the consumer finance sector.
  • We will make as many contributions as possible to the Vietnamese financial market with our know-how accumulated in Japan and other Asian countries."
  • After signing the contract, both parties will seek the approval of the State Bank of Vietnam to complete the transfer transaction.

Avaya Highlights India as Key Growth Market

Retrieved on: 
Tuesday, November 7, 2023
Software, Internet, Professional Services, Data Management, Technology, Artificial Intelligence, Outsourcing Business, Other Communications, Other Professional Services, Communications, Other Technology, Telecommunications, Bharti Airtel, Intelligence, Aadhaar, Education, Health, State bank, SBI, Government, ChatGPT, Organization, Senior, State Bank of India, Growth, Partnership, AI, Principal Scientific Adviser to the Government of India, Investment, CCAA, BFSI, Network equipment provider, Avaya

On his first visit to India since taking over as Avaya CEO, Alan Masarek said India is a key growth engine for Avaya worldwide with significant demand coming from domestic clients and Avaya partners.

Key Points: 
  • On his first visit to India since taking over as Avaya CEO, Alan Masarek said India is a key growth engine for Avaya worldwide with significant demand coming from domestic clients and Avaya partners.
  • Avaya counts Airtel, State Bank of India (SBI), and the Government of India among its key customers in India.
  • “Our R&D teams in India are a key source of innovation for Avaya worldwide, especially as enterprises embrace AI-powered innovations that can help them redefine customer experiences,” said Alan Masarek, CEO of Avaya.
  • Avaya has committed over 5 million rupees to support the development of a youth skilling center in Hyderabad.

SecurityScorecard Achieves FedRAMP® Ready Designation to Enable U.S. Federal Agencies with Supply Chain Risk Management, Critical Infrastructure Monitoring, and Regulatory Oversight

Retrieved on: 
Tuesday, October 24, 2023
Public Policy, Government, Software, White House, Federal Government, Law Enforcement, Emergency Services, Data Management, Technology, Mobile, Wireless, Security, FedRAMP, Partnership, Intelligence, Catalog, SecurityScorecard, State bank, Congress, Face, Transport, Conference, Certification, Organization, Federation, TSA, Entrepreneurship, CDM, DHS, United States Secretary of Homeland Security, Operationalization, Computer security, Proxy, Transportation Security Administration, Risk, APL, Ecosystem, Private sector, Cloud computing, Cybersecurity and Infrastructure Security Agency, White, Assault, Language, Hygiene, CISA, Risk management, Arms industry, Security (finance), Medical device, Public utility, Cryptocurrency

SecurityScorecard combines national security-grade threat intelligence, automatic third-party vendor detection, and the world’s most complete Security Ratings Platform to mitigate supply chain attacks.

Key Points: 
  • SecurityScorecard combines national security-grade threat intelligence, automatic third-party vendor detection, and the world’s most complete Security Ratings Platform to mitigate supply chain attacks.
  • TSA partnership sets blueprint for U.S. federal agencies with critical infrastructure oversight
    SecurityScorecard FedRAMP Ready status comes on the heels of a partnership with the Transportation Security Administration (TSA) .
  • A fully FedRAMP-authorized solution from SecurityScorecard will provide agencies with real-time monitoring of critical infrastructure and secure collaboration capabilities to enhance resilience.
  • Key benefits of the SecurityScorecard Platform for U.S. federal agencies:
    Operationalize third-party cyber risk management: Out-of-the-box compatibility to operationalize third-party cyber risk management across critical infrastructure.

Community State Bank Names Thomas J. Fontaine as President and Chief Executive Officer

Retrieved on: 
Monday, October 16, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Urban Planning, Banking, Organization, Economics, State bank, Growth, University, Babson College, Middlesex Savings Bank, Community, BankBoston, Management

Community State Bank is honored to announce the appointment of Thomas J. Fontaine as its new President and Chief Executive Officer.

Key Points: 
  • Community State Bank is honored to announce the appointment of Thomas J. Fontaine as its new President and Chief Executive Officer.
  • Thomas brings a wealth of experience and knowledge to the role, having served in various executive positions in the banking industry for over 30 years.
  • “We are thrilled to have Tom lead the strategy, growth, and development of the bank,” said Community State Bank Vice Chairman Robert Peterson.
  • “I am excited to join Community State Bank and help our customers reach their financial dreams,” said Tom.

The State Bank Celebrates its 125th Anniversary

Retrieved on: 
Wednesday, September 27, 2023
Friends, Depression, The State bank, Trust, 125th, OTCQX, Great Depression, State bank, Great Recession, Social media, Bank

FENTON, Mich., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) is proud to celebrate the 125th anniversary of The State Bank.

Key Points: 
  • FENTON, Mich., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) is proud to celebrate the 125th anniversary of The State Bank.
  • From the Great Depression to the Great Recession and beyond, The State Bank has held tight to its community values.
  • “As the only bank still headquartered in Genesee County, we are proud to honor our rich heritage as an independent and growing community bank,” said Ron Justice, President and CEO of The State Bank.
  • The State Bank has celebrated its 125th anniversary by sharing its Michigan history through interactive social media and a historical timeline on its website.

Introducing Prism Bank - Oklahoma State Bank Unveils New Brand

Retrieved on: 
Monday, September 18, 2023
State bank, Growth, Longevity, Prism, Life, Oklahoma State Banking Department, Bank, Central Oklahoma

OKLAHOMA CITY, Sept. 18, 2023 /PRNewswire/ -- Oklahoma State Bank, a trusted financial institution serving the community for over a century, is proud to announce its transformation into Prism Bank. With this exciting rebrand, Prism Bank aims to illuminate the future of banking in Oklahoma - setting the stage for continued growth, innovation and impeccable service.

Key Points: 
  • Oklahoma State Bank, a community bank serving customers across central Oklahoma, announces an organization wide rebrand to Prism Bank
    OKLAHOMA CITY, Sept. 18, 2023 /PRNewswire/ -- Oklahoma State Bank, a trusted financial institution serving the community for over a century, is proud to announce its transformation into Prism Bank .
  • With this exciting rebrand, Prism Bank aims to illuminate the future of banking in Oklahoma - setting the stage for continued growth, innovation and impeccable service.
  • Founded in Guthrie, Oklahoma 114 years ago, Prism Bank has been a cornerstone of the local community, providing reliable banking solutions to individuals and businesses alike.
  • This approach benefits current Prism customers and makes Prism Bank an attractive choice for future generations seeking unique, niche services.

Farmington State Bank Consents to Federal Reserve Order

Retrieved on: 
Thursday, August 17, 2023
Banking, Professional Services, Wind, State bank, Bank, Federal Reserve, Federal

Farmington State Bank has consented to the Federal Reserve order published today.

Key Points: 
  • Farmington State Bank has consented to the Federal Reserve order published today.
  • All bank regulatory approvals for the assumption of deposits and the purchase of assets by Bank of Eastern Oregon of Farmington State Bank have been received.
  • The transaction is expected to close by August 31, 2023.
  • Farmington State Bank looks forward to working with the Federal Reserve and the Washington DFI on the orderly liquidation and wind down of the bank.

Unified Payments Interface (UPI) market size in India to grow by USD 65.49 trillion from 2021 to 2026: Instant and smooth money transfer process will drive growth - Technavio

Retrieved on: 
Tuesday, August 8, 2023
Amazon (company), South Indian Bank, PhonePe, ICICI Bank, State Bank of India, Central bank, Apple Inc., Reliance Industries, Yes Bank, HDFC Bank, Axis Bank, UPI, USD, Federal Trade Commission v. Meta Platforms, Inc., IMPS, Holiday, SMSS, Paytm, Central Bank of India, State bank, Union Bank of India, Bank of Baroda, Growth, Alphabet Inc., Bank, Union Bank, Walmart, Mobile phone, Online shopping

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98% according to Technavio.

Key Points: 
  • NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98% according to Technavio.
  • Hence, such factors are expected to drive the growth of the UPI market in India during the forecast period.
  • The growing emergence of mobile apps for shopping transactions is an emerging UPI market trend in India.
  • The unified payments interface (UPI) market in India report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

HDBank: Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan

Retrieved on: 
Friday, August 4, 2023
State Bank of Vietnam, Return, HO, HD, Sustainable finance, State, Welfare, HOSE, Citibank, Agriculture, CIR, VND, Commercial bank, Fruit, USD, Capital adequacy ratio, Asset, CAR, Guideline, NEWS, State bank, Growth, Yoy, Digital, Wells Fargo, Sustainable development, YTD, ROE, SME, Annual general meeting, Pharmaceutical industry, Security (finance), Management, Cryptocurrency, Bank, Basel

HDBank: Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan

Key Points: 
  • HDBank: Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan
    The issuer is solely responsible for the content of this announcement.
  • Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan
    HO CHI MINH CITY, VIETNAM - Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HOSE: HDB) has announced its first half results with pre-tax profits of nearly VND 232.4 million, which extended its growth track record in the 10th consecutive year.
  • According to the financial statement, as of June 30, 2023, HDBank's total assets reached USD 20.4 billion, up 26% year-over-year (YoY).
  • Total funding reached USD 18.17 billion, up 17.4% year-to-date (YTD), with customer deposits reaching USD 13.08 billion, up 44%.

SeABank's stock, SSB, has been selected by HOSE to be included in the VN30-Index basket

Retrieved on: 
Monday, July 31, 2023
State Bank of Vietnam, HOSE, SSB, Frontier markets, VND, Government, Seabank Power Station, MSCI, ETF, State bank, Growth, Exchange-traded fund, Cryptocurrency

According to the press release, on July 17, 2023, HOSE announced the portfolio of stocks included in the VN30 and VN-Finlead indexes, which would be effective from August 7, 2023.

Key Points: 
  • According to the press release, on July 17, 2023, HOSE announced the portfolio of stocks included in the VN30 and VN-Finlead indexes, which would be effective from August 7, 2023.
  • SSB was chosen to be included in the VN30 basket as it met the requirements set by the HOSE Index Rules.
  • Previously, SSB was also added to the Morgan Stanley Capital Index (MSCI) Frontier Markets Index starting from March 1, 2023.
  • According to experts, stocks included in the MSCI Frontier Markets Index may be targeted by ETF (Exchange Traded Fund) funds that track frontier market stocks.