Community Bank

Oak Valley Community Bank Announces Key Additions to Executive Management Team

Retrieved on: 
Tuesday, January 9, 2024
Bank, CFO, CAMS, University, Knowledge, Community Bank, Ministry of Finance, Human resources, Growth, Pacific coast, Management

OAKDALE, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), today announced key additions to the executive management team following the promotions of Jeff Gall, Executive Vice President, Chief Financial Officer, Kim Booke, Executive Vice President, Chief Risk Officer, and Theresa Roland, Executive Vice President, Chief Human Resources Officer.

Key Points: 
  • OAKDALE, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), today announced key additions to the executive management team following the promotions of Jeff Gall, Executive Vice President, Chief Financial Officer, Kim Booke, Executive Vice President, Chief Risk Officer, and Theresa Roland, Executive Vice President, Chief Human Resources Officer.
  • He has played an invaluable role in our Finance Department since his arrival and has grown into a key member of the Bank’s management team.
  • “The combination of her operational, leadership, and subject matter expertise has already created substantial value for Oak Valley.
  • Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses.

Old Glory Bank Introduces Home Loans

Retrieved on: 
Monday, January 8, 2024
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Convention (norm), Freedom, Family, 2022–23 Feyenoord season, Condition, FHA, American Dream, Community Bank, Bank

Old Glory Bank, the pro-America online and mobile community bank, announces Home Loans by Old Glory Bank.

Key Points: 
  • Old Glory Bank, the pro-America online and mobile community bank, announces Home Loans by Old Glory Bank.
  • “Now, you can work with a home loan team that treats you with respect for who you are and what you believe,” explains Eric Ohlhausen, Old Glory Bank Chief Strategy Officer.
  • “You can apply for a home loan with a bank that actually shares your values of freedom, family, faith, and flag.”
    Whether purchasing a home or refinancing a home, Old Glory Bank offers VA loans, Conventional loans, and FHA loans.
  • Home Loans not available in New York.

Brian Hamilton Joins Coastal Financial Corporation Board of Directors

Retrieved on: 
Thursday, January 4, 2024
Open Platform, Merchant services, Capital One, CCB, Wells Fargo, ONE, Community Bank, Walmart, Oregon State University

EVERETT, Wash., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Brian Hamilton has joined its Board of Directors.

Key Points: 
  • EVERETT, Wash., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Brian Hamilton has joined its Board of Directors.
  • Mr. Hamilton is a seasoned financial technology executive and business leader, with more than 25 years of experience in the banking, lending, payments, and digital product development industries.
  • Most recently Mr. Hamilton was co-founder and CEO of ONE (One Finance Inc.), which was acquired by a Walmart-led joint venture in 2022.
  • “Brian will play a crucial role in guiding Coastal through the evolving landscape of rapid technological advancements in the financial services industry,” said Eric Sprink, CEO.

BCB Bancorp, Inc. Names Michael A. Shriner President and Chief Executive Officer

Retrieved on: 
Thursday, December 28, 2023
Bank, Acquisition, Business administration, BCB, University, Professional, MSB, Fairfield University, Community Bank, BCBP, Bachelor, Risk management, National school, Security (finance)

BAYONNE, N.J., Dec. 28, 2023 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”)), today announced that Michael A. Shriner has been named President and Chief Executive Officer of BCB Bancorp and BCB Community Bank, effective January 1, 2024.

Key Points: 
  • BAYONNE, N.J., Dec. 28, 2023 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”)), today announced that Michael A. Shriner has been named President and Chief Executive Officer of BCB Bancorp and BCB Community Bank, effective January 1, 2024.
  • Retiring President and Chief Executive Officer Thomas M. Coughlin, 63, will continue to serve on the Company’s Board of Directors.
  • Mr. Shriner, a 35-year veteran of banking, was formerly President and Chief Executive Officer of Millington, New Jersey-based MSB Financial Corp. and Millington Bank prior to being acquired by Kearny Bank.
  • Mr. Shriner joined Millington Bank in 1987 and held various commercial and corporate banking positions, including that of Chief Operating Officer and Board Member prior to his promotion to President and Chief Executive Officer in 2012.

Exchange Underwriters Joins World Insurance Associates

Retrieved on: 
Wednesday, December 13, 2023
Marketing, Entrepreneurship, Attention, Insurance, Community Bank, Growth

Iselin, NJ, Dec. 13, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Exchange Underwriters, Inc. of Washington, PA on December 1, 2023.

Key Points: 
  • Iselin, NJ, Dec. 13, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Exchange Underwriters, Inc. of Washington, PA on December 1, 2023.
  • Exchange Underwriters was started by Blair C. Ferguson in 1952 in Canonsburg, PA, and provided personal and commercial lines insurance exclusively in the Washington County area.
  • “We are excited about the opportunity to join World Insurance,” says Richard Boyer, President, Exchange Underwriters.
  • As part of World, we can offer our customers additional products and services.”
    “On behalf of the World family, I would like to welcome Exchange Underwriters” says Rich Eknoian, CEO and Co-Founder of World.

Bay Community Bancorp Announces CFO Retirement

Retrieved on: 
Wednesday, November 22, 2023
Bank, University, Business, FDIC, MBA, Community Bank, Growth, Risk management, BBS, Community development financial institution, Management

OAKLAND, Calif., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Bay Community Bancorp, (OTCPink: CBOBA) (the “Company”), parent company of Community Bank of the Bay, (the “Bank”) a San Francisco Bay Area commercial bank and California’s first certified FDIC-insured Community Development Financial Institution (“CDFI”) with full-service offices in Oakland, Danville, San Jose and San Mateo, today announced that Daniel Northway has retired from his position as Chief Financial Officer and has entered into an ongoing Consulting Agreement with the Company.

Key Points: 
  • OAKLAND, Calif., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Bay Community Bancorp, (OTCPink: CBOBA) (the “Company”), parent company of Community Bank of the Bay, (the “Bank”) a San Francisco Bay Area commercial bank and California’s first certified FDIC-insured Community Development Financial Institution (“CDFI”) with full-service offices in Oakland, Danville, San Jose and San Mateo, today announced that Daniel Northway has retired from his position as Chief Financial Officer and has entered into an ongoing Consulting Agreement with the Company.
  • Karry Karavolos Bryan, currently SVP Controller of the Company, has been appointed interim Chief Financial Officer until such time as a search for a permanent replacement is completed.
  • “We are grateful for Dan’s contributions to the company over his five year tenure with the Bank” stated William S. Keller, CEO.
  • Karavolos Bryan has 18 years of financial and accounting experience, including implementing FDICIA-compliant control and risk management practices and SEC Reporting.

OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

Retrieved on: 
Monday, November 20, 2023
Bank, OTCQX, OSB, Community Bank

OTTAWA, Ill., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on or about December 18, 2023, to stockholders of record as of the close of business on December 4, 2023.

Key Points: 
  • OTTAWA, Ill., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on or about December 18, 2023, to stockholders of record as of the close of business on December 4, 2023.
  • Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States.
  • The Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts.
  • OSB Community Bank was founded in 1871 and is headquartered in Ottawa, Illinois.

OTTAWA BANCORP, INC. Announces Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023
Sale, Community Bank, Pressure, Three Months, Current Expected Credit Losses, Comparison, FHLB, CECL, Finance, Nine Months, OSB, Result, Environment, ACL, Cryptocurrency, Bank

Net charge-offs during the third quarter of 2023 were $349 thousand compared to net recoveries of $147 thousand during the third quarter of 2022.

Key Points: 
  • Net charge-offs during the third quarter of 2023 were $349 thousand compared to net recoveries of $147 thousand during the third quarter of 2022.
  • Total deposits decreased $5.0 million, or 0.6%, to $284.7 million at September 30, 2023 from $289.7 million at December 31, 2022.
  • Stockholders’ equity decreased $0.5 million, or 0.01%, to $41.0 million at September 30, 2023 from $41.5 million at December 31, 2022.
  • The decreases were partially offset by net income of $1.5 million for the nine months ended September 30, 2023.

George Cooper joins National Bank of Coxsackie as SVP/Chief Retail Banking Officer

Retrieved on: 
Monday, December 18, 2023
Banking, Professional Services, Finance, Community Bank, Economics, Senior, NBC, Multimedia, National bank, Capital region

The National Bank of Coxsackie announced today that George Cooper joined National Bank of Coxsackie (NBC) as Senior Vice President/Chief Retail Banking Officer.

Key Points: 
  • The National Bank of Coxsackie announced today that George Cooper joined National Bank of Coxsackie (NBC) as Senior Vice President/Chief Retail Banking Officer.
  • View the full release here: https://www.businesswire.com/news/home/20231218243259/en/
    George Cooper, National Bank of Coxsackie's SVP/Chief Retail Banking Officer (Photo: Business Wire)
    Mr. Cooper brings over three decades of retail banking experience to NBC.
  • He has previously served as VP/District Manager for Community Bank and for fourteen years as Director of Retail Banking for Kinderhook Bank.
  • “The National Bank of Coxsackie has a long history of serving their customers and being part of the fabric of their communities.

CB Financial Services, Inc. Repositions Balance Sheet

Retrieved on: 
Wednesday, December 13, 2023
Banking, Professional Services, Finance, Sale, Community Bank, Insurance, Bank, Security (finance)

CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), implemented a balance sheet repositioning strategy of its portfolio of available-for-sale investment securities.

Key Points: 
  • CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), implemented a balance sheet repositioning strategy of its portfolio of available-for-sale investment securities.
  • Investment securities sold included $49.0 million of U.S. government agency securities, $20.0 million of mortgage-backed securities issued by the U.S. government-sponsored agencies and $10.4 million of municipal securities.
  • The Bank expects to recover the estimated $8.0 million after-tax realized loss on the sale of securities in about 4.3 years.
  • The Company expects the balance sheet repositioning to be accretive to earnings, net interest margin and return on assets in future periods.