Community Bank

Wintrust Wins Highest Ranking by J.D. Power for Illinois Retail Banking Customer Satisfaction for the Third Year in a Row

Retrieved on: 
Thursday, March 28, 2024
ATM, J.D. Power, Small business, Community Bank

ROSEMONT, Ill., March 28, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Nasdaq:WTFC) today announced that Wintrust Community Banks received the award for ranking highest in the J.D.

Key Points: 
  • ROSEMONT, Ill., March 28, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Nasdaq:WTFC) today announced that Wintrust Community Banks received the award for ranking highest in the J.D.
  • Power 2024 U.S. Retail Banking Satisfaction Study in the Illinois Region for the third consecutive year.
  • Power study is based on rating responses from 105,355 retail banking customers in seven dimensions.
  • This year’s honor continues Wintrust’s ranking as the highest in Illinois in both 2022 and 2023.

OTTAWA BANCORP, INC. APPOINTS MARK ALCOTT TO BOARD OF DIRECTORS

Retrieved on: 
Thursday, March 21, 2024
Exercise, Agreement, Shareholder, Bank, Sale, OSB, Community Bank, Share repurchase, Security (finance)

In the event Mr. Alcott is unable to serve as a director of the Company and Bank, the Company and Bank will appoint a replacement director chosen by the Stilwell Group.

Key Points: 
  • In the event Mr. Alcott is unable to serve as a director of the Company and Bank, the Company and Bank will appoint a replacement director chosen by the Stilwell Group.
  • Mr. Alcott has agreed to similar restrictions under the Agreement, but may acquire shares of Company common stock.
  • “We have been looking to add experienced members to serve on our Boards, particularly following several retirements from the Board.
  • The Stilwell Group had previously submitted a notice of intent to nominate Mr. Alcott to the Company’s Board.

FHLBank Pittsburgh, Rep. Lisa Blunt Rochester, Delaware Officials Join in Announcing Affordable Housing Awards in Harrington and $66.7 Million in Newly Available Affordable Housing Funding

Retrieved on: 
Thursday, April 4, 2024
Public Policy, Government, Other Philanthropy, State, Local, Finance, Banking, Professional Services, Philanthropy, Foundation, Diamond, Homelessness, Fulton Financial Corporation, Partnership, City, House, Housing, Investment, LGBTQ, Community Bank, Federal Home Loan Banks, Rehabilitation

at a ceremony to announce two affordable housing grants totaling $1.5 million from FHLBank and their member financial institutions.

Key Points: 
  • at a ceremony to announce two affordable housing grants totaling $1.5 million from FHLBank and their member financial institutions.
  • A second grant of $750,000 was presented to West End Neighborhood House from FHLBank and Community Bank Delaware.
  • The event also highlighted $114.2 million new funding opportunities, including $66.7 million for additional affordable housing, through FHLBank member institutions including:
    “I was so glad to be in Harrington, Delaware, to announce new investments in safe, stable, and affordable housing.
  • Affordable housing is the foundation for safe and prosperous communities, and in Delaware, we know too well how we need to increase our affordable housing supply,” said Rep. Blunt Rochester (D-Del.).

Chimney Continues to Expand Client Base, Adding 12 New Banks to Roster

Retrieved on: 
Wednesday, April 3, 2024
Software, Finance, Asset Management, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Acquisition, Capital, First International Bank, Community Bank, Cryptocurrency

Chimney , a leader in financial guidance for the digital age, now features over 30 banks across the country on the client roster.

Key Points: 
  • Chimney , a leader in financial guidance for the digital age, now features over 30 banks across the country on the client roster.
  • Using Chimney’s interactive financial tools, these banks offer personalized digital experiences that generate deposits, and drive new customer acquisition and expanded wallet share.
  • The company’s solutions, which include its award-winning financial calculators, are designed to help banks cultivate strong customer relationships and capture more data to grow wallet share.
  • Our suite of interactive tools sets banks on the path toward deeper depositor relationships through increased engagement, more informed product offers and better opportunities to cross-sell.

Navy Federal Credit Union Now Operates Department of Defense Overseas Military Banking Facilities

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Defense, Insurance, Military, Finance, Banking, Veterans, Active duty, Navy Federal Credit Union, ATM, Community Bank, MBF, Credit, Navy, Bank

Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points: 
  • Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."
  • These MBFs are part of the Department of Defense (DoD) Overseas Military Banking Program.
  • MBFs overseas will now be co-branded as "Community Bank, Operated by Navy Federal Credit Union.”
    “The Overseas Military Banking Program fits our core values at Navy Federal and is consistent with our primary mission of supporting Active Duty military members and their families,” said Kara Cardona, COO of Navy Federal.
  • While Navy Federal Credit Union now operates these MBFs overseas, these institutions will remain as separate entities.

Central Valley Community Bancorp Completes Community West Bancshares Merger, Adopts Name, Announces Board and Executive Reorganization

Retrieved on: 
Monday, April 1, 2024
Banking, Professional Services, Finance, Community, EVP, Central Coast, Community West Bancshares, Community Bank, Region, Multimedia, Management

The Board of Directors of Central Valley Community Bancorp (Central Valley), the parent company of Central Valley Community Bank (CVCB), headquartered in Fresno, California, announced today the successful completion of the merger with Community West Bancshares (Community West), the parent company of Community West Bank (the Bank), headquartered in Goleta, California, effective April 1, 2024.

Key Points: 
  • The Board of Directors of Central Valley Community Bancorp (Central Valley), the parent company of Central Valley Community Bank (CVCB), headquartered in Fresno, California, announced today the successful completion of the merger with Community West Bancshares (Community West), the parent company of Community West Bank (the Bank), headquartered in Goleta, California, effective April 1, 2024.
  • Community West Bancshares merged with and into Central Valley Community Bancorp, and Community West Bank merged with and into Central Valley Community Bank, creating a combined company in an all-stock merger transaction.
  • View the full release here: https://www.businesswire.com/news/home/20240401047471/en/
    Central Valley Community Bancorp Completes Community West Bancshares Merger, Adopts Name, Announces Board and Executive Reorganization (Graphic: Business Wire)
    Community West shareholders receive 0.79 shares of Central Valley common stock for each share of Community West common stock, while Central Valley assumes Community West’s outstanding stock options.
  • Central Valley Community Bancorp assumes the name Community West Bancshares and its NASDAQ ticker symbol (CWBC), and Central Valley Community Bank assumes the name Community West Bank to reflect the combined company’s expanded territory.

Lisa Dixon-watson Joins National Bank of Coxsackie as Assistant Vice President/Branch Manager of Cairo Branch

Retrieved on: 
Wednesday, March 27, 2024
Banking, Professional Services, Finance, Assistant, NBC, Trust, Empathy, KeyBank, Knowledge, First Niagara Bank, System, Community Bank, National bank, Multimedia, AVP

The National Bank of Coxsackie (NBC) announced today that Lisa Dixon-Watson has recently joined NBC as an Assistant Vice President/Branch Manager of their Cairo Branch.

Key Points: 
  • The National Bank of Coxsackie (NBC) announced today that Lisa Dixon-Watson has recently joined NBC as an Assistant Vice President/Branch Manager of their Cairo Branch.
  • View the full release here: https://www.businesswire.com/news/home/20240327940623/en/
    Pictured here is Lisa Dixon-Watson, National Bank of Coxsackie's Assistant Vice President/Cairo Branch Manager (Photo: Business Wire)
    Ms. Dixon-Watson brings over thirty years of banking experience to NBC.
  • Having previously served as Branch Manager IIII, AVP for Community Bank (formally Kinderhook Bank), and as a multi-site Manager for Key Bank (formally First Niagara) prior to that.
  • “Lisa brings decades of experience in community banking to National Bank of Coxsackie,” commented George Cooper, SVP/Chief Retain Banking Officer at NBC.

EXCESS SHARE INSURANCE SELECTED TO PROVIDE DEPOSIT INSURANCE FOR MILITARY BANKING FACILITIES OVERSEAS

Retrieved on: 
Wednesday, April 3, 2024
Navy Federal Credit Union, American Share Insurance, National Credit Union Administration, History, ESI, Military personnel, Insurance, Woman, ASI, Overseas, Community Bank, MBF, Credit union, Navy, Bank

DUBLIN, Ohio, April 3, 2024 /PRNewswire/ -- Excess Share Insurance (ESI), a wholly owned subsidiary of American Share Insurance (ASI), announced today that the company will provide private deposit insurance for Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points: 
  • DUBLIN, Ohio, April 3, 2024 /PRNewswire/ -- Excess Share Insurance (ESI), a wholly owned subsidiary of American Share Insurance (ASI), announced today that the company will provide private deposit insurance for Military Banking Facilities (MBF) overseas, known as "Community Bank."
  • These MBFs are a part of the Department of Defense (DoD) Overseas Military Banking Program.
  • With 60 branches and 272 ATMs on bases throughout Europe and the Pacific, MBFs play a crucial role in meeting the banking needs of the military community.
  • "ESI's experience and proven track record of providing private deposit insurance will empower the Overseas Military Banking Program to succeed in its mission while protecting the deposits of the military service members it serves," said Theresa Mason, president and CEO of ASI and ESI.

S&P Global Market Intelligence Ranks the Best-Performing U.S. Credit Unions, Community and Public Banks and Community Banks by Region for 2023

Retrieved on: 
Wednesday, March 20, 2024
International Bancshares Corporation, Savings bank, Eastman Credit Union, Central bank, Growth, Security State Bank, Southside (Virginia), EPS, S&P Global, Bank, Research, Public bank, Fidelity, Community Bank, Credit union, Cryptocurrency

NEW YORK, March 20, 2024  /PRNewswire/ -- S&P Global Market Intelligence today released its annual rankings for 2023's best-performing community banks with assets between $3 billion and $10 billion, community banks with assets below $3 billion, top-performing credit unions and top performing U.S. public banks with more than $10 billion in total assets. Additionally, S&P Global Market Intelligence announced the annual rankings of top performing community banks by region for the Northeast, South Central, Southeast, West, and Midwest.

Key Points: 
  • Additionally, S&P Global Market Intelligence announced the annual rankings of top performing community banks by region for the Northeast, South Central, Southeast, West, and Midwest.
  • S&P Global Market Intelligence ranks institutions based on returns, growth and funding but places a premium on the strength and risk profile of balance sheets.
  • The rankings were launched in 2011 to assess the performance of community banks and credit unions.
  • To access the full list of top performing U.S. public banks, community banks, credit unions and U.S. community banks by region for 2023, click here .

ICD 2024 Client Survey Shows Companies Grappling with Counterparty Concentration Risk

Retrieved on: 
Wednesday, March 20, 2024
Intelligence, Risk, CDS, Credit Suisse, ICD, NYCB, Silicon, Investment, Treasury, New York Community Bank, Community Bank, Bank

According to the 2024 ICD Client Survey , which closed in February, 80% of respondents say they are highly or moderately concerned with bank failures, while 74% say they are concerned with counterparty concentration risk .

Key Points: 
  • According to the 2024 ICD Client Survey , which closed in February, 80% of respondents say they are highly or moderately concerned with bank failures, while 74% say they are concerned with counterparty concentration risk .
  • Our cloud solution for portfolio analytics leverages AI to create a single data set of our clients' entire investment portfolio so they can effectively manage counterparty risk," Hazard says.
  • "ICD Portfolio Analytics reporting would have given practitioners actionable intelligence to mitigate counterparty exposure leading up to the March 2023 banking failures," Hazard says.
  • For further insights into corporate treasury's views on the short-term market and technology, read the 2024 ICD Client Survey report at icdportal.com/resources .