Community banking models

BCT-Bank of Charles Town Named A "Best Bank To Work For" for a Fourth Time by American Banker

Retrieved on: 
Monday, November 20, 2023
Community banking models, Bank, Intel, American Banker, BCT, Arctic Response Company Group, Community, OTC, Management

CHARLES TOWN, W.Va., Nov. 20, 2023 /PRNewswire/ -- (OTC:PTBS) BCT-Bank of Charles Town, also known as The Community's Bank, has been named one of the Best Banks to Work For in 2023.

Key Points: 
  • CHARLES TOWN, W.Va., Nov. 20, 2023 /PRNewswire/ -- (OTC:PTBS) BCT-Bank of Charles Town, also known as The Community's Bank, has been named one of the Best Banks to Work For in 2023.
  • The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes, and honors U.S. banks for outstanding employee satisfaction.
  • Full results of this year's program are available at American Banker .
  • "I am delighted we have been selected a best place to work for a fourth time," stated Alice P. Frazier, President and CEO of BCT.

BCTCares Foundation Raises $65,000 To Feed Local Food-Insecure Children Through Annual Pack the 'Pack Campaign

Retrieved on: 
Monday, October 30, 2023
Bank, Berkeley, Food, OTC, Jefferson County, West Virginia, Organic, Pack, Community, BCT, Community banking models, Hospital

"Our employee team set an ambitious goal to exceed last year's donations," remarked Alice P. Frazier, President and CEO of BCT.

Key Points: 
  • "Our employee team set an ambitious goal to exceed last year's donations," remarked Alice P. Frazier, President and CEO of BCT.
  • "We are not only amazed but proud of the response from our clients, employees, vendors, and local communities.
  • Their generosity is helping fill tummies of over 5,600 hungry children in our communities."
  • For the Pack The 'Pack campaign, BCTCares has partnered with local backpack program charities who will purchase and distribute food using the funds donated.

M&T Bank Appoints Phil Cohen as Maine Regional President

Retrieved on: 
Thursday, September 14, 2023
Workforce, M&T Bank, People's United Financial, Seacoast Region (New Hampshire), Quality of life, South Hampshire, Commercial property, Metro Orlando Economic Development Commission, Community Housing Partnership, Chairperson, Retirement, MTB, Acquisition, Housing, Community banking models, Community Bank, Knowledge, Region, Empathy, M&T, United Bank, NYSE, EDC, Bank, Management

BUFFALO, N.Y., Sept. 14, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) today announced its appointment of Phil Cohen as Regional President of Maine.

Key Points: 
  • BUFFALO, N.Y., Sept. 14, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) today announced its appointment of Phil Cohen as Regional President of Maine.
  • Cohen will continue to serve in his role as Commercial Senior Group Manager Commercial Real Estate New Hampshire/Maine.
  • "Phil's combination of deep banking experience and knowledge of Maine continues to be an asset to M&T, our partners, and our customers," said Mike Keegan, M&T Bank Senior Executive Vice President and Head of Community Banking.
  • "It's an amazing opportunity to serve as regional president," said Cohen.

Capco Expands U.S. Community Banking Practice

Retrieved on: 
Monday, June 12, 2023
Consulting, Data Management, Banking, Technology, Professional Services, Payments, Digital Cash Management, Digital Assets, Security, Data Analytics, Fintech, Finance, Insurance, Risk, API, Work, Organization, Community, Acquisition, Digital transformation, BAU, Community banking models, Architecture, Computer security, Bank, Creative industries, Capco, Wipro

Capco, the global technology and management consultancy, is expanding its community banking practice to enhance support for US community banks and credit unions.

Key Points: 
  • Capco, the global technology and management consultancy, is expanding its community banking practice to enhance support for US community banks and credit unions.
  • Drawing on over 20 years’ experience, Capco’s US Community Banking practice has been focused to date on supporting the risk and compliance programs of hundreds of community banks and credit unions.
  • The Community Banking practice now offers a more comprehensive suite of solutions that draws on Capco’s established track record in harnessing leading-edge technologies, ensuring community banking organizations are best positioned to offer distinct and compelling products and services and remain competitive in an ever-changing marketplace.
  • We remain committed to delivering the innovative, flexible and robust solutions that will allow community banking institutions to set the pace when it comes to achieving operational excellence, elevating their customers’ experiences, and meeting all their regulatory obligations.”
    John Soffronoff, Partner, Community Banking Practice Lead at Capco, said: “Community banks have traditionally struggled to keep pace with the technological advances and digital offerings of their larger banking peers.

BNCCORP, INC. REPORTS FIRST QUARTER NET INCOME OF $1.5 MILLION, OR $0.41 PER DILUTED SHARE

Retrieved on: 
Tuesday, May 2, 2023
Collins, Federal, Current Expected Credit Losses, Mortgage loan, Sale, Movement, First Federal Bank of California, Forecasting, Community, Federal Reserve, Risk, Community banking models, First Federal Bank, Growth, ASU, Bank, Letter, Environment, BNC, Real estate, Video game, Cryptocurrency

BISMARCK, N.D., May 2, 2023 /PRNewswire/ -- BNCCORP, INC. (BNC or the Company) (OTCQX Markets: BNCC), which operates community banking and wealth management businesses in North Dakota and Arizona as well as mortgage banking offices in Illinois, Kansas, Arizona, and North Dakota, today reported financial results for the first quarter ended March 31, 2023.

Key Points: 
  • Net income in the first quarter of 2023 was $1.5 million, or $0.41 per diluted share, unchanged from the same period of 2022.
  • Net interest margin increased to 3.97% for the first quarter of 2023 compared to 2.80% during the first quarter of 2022.
  • Non-interest income for the first quarter of 2023 was $3.6 million, compared to $5.5 million in the 2022 first quarter.
  • In the first quarter of 2023, income tax expense of $453 thousand was unchanged from the first quarter of 2022.

POTOMAC BANCSHARES, INC. REPORTS 2023 FIRST QUARTER RESULTS

Retrieved on: 
Monday, April 24, 2023
Insurance, Treasury, Total, FHLB, ERM, Community banking models, Tax, AFS, FDIC, Sale, Compact disc, PPP, ROA, Community, The Company, Federal Reserve, Risk, CECL, OTC, Growth, Bank, BCT, ROE, Geography, Cryptocurrency, Beauty salon, Mobile phone, Video game, Self storage, Real estate, Reinsurance, Life insurance, Investment, Visa

Investment securities were $88.6 million as of Q1 2023, compared to $88.4 million as of Q1 2022.

Key Points: 
  • Investment securities were $88.6 million as of Q1 2023, compared to $88.4 million as of Q1 2022.
  • Net interest income was $6.5 million for the quarter compared to $5.2 million in the first quarter of 2022, and $6.8 million in Q4 2022.
  • Return on Assets (ROA) for the first quarter 2023 was 1.09% compared to 0.95% in the first quarter of 2022, and 1.13% in the linked quarter.
  • Return on Equity (ROE) for the first quarter was 13.52% compared to 11.14% in the first quarter of 2022, and 14.74% in the linked quarter.

Terri Germano Joins Sutton Bank as Deputy Chief Compliance Officer

Retrieved on: 
Thursday, February 16, 2023
Banking, Software, Mobile, Wireless, Networks, Professional Services, Internet, Fintech, Data Management, Payments, Technology, Other Professional Services, Legal, Finance, CFPB, Independent, Internal audit, OCC, FRB, FDIC, Risk management, Human resources, Community Bank, Ops, Community banking models, Risk, Sutton Bank, Gorrell, Independent Community Bankers of America, Growth, Bank, Audit, Marketing

Sutton Bank announced today that Terri Germano has joined the Bank and Sutton Payments as Deputy Chief Compliance Officer.

Key Points: 
  • Sutton Bank announced today that Terri Germano has joined the Bank and Sutton Payments as Deputy Chief Compliance Officer.
  • Terri will establish and maintain effective Compliance Management Systems, and BSA/AML Compliance including risk assessments, regulatory policies, monitoring, testing and managing Compliance teams supporting both the Community Bank and Sutton Payment activities.
  • “At Sutton Bank, we strive to help our customers reach their financial goals while aiming to be the top bank of choice within the communities we serve.
  • Sutton Bank, an Ohio-based independent, community bank, was founded in 1878 and has grown into a top-performing community bank, as recognized by the Independent Community Bankers of America.

BNCCORP, INC. REPORTS FOURTH QUARTER NET INCOME OF $1.5 MILLION, OR $0.41 PER DILUTED SHARE

Retrieved on: 
Tuesday, January 31, 2023
Overalls, Marketing, Bank, Movement, Federal Reserve, Calendar, Letter, Collins, W Holding Company, Sale, PPP, Community, Growth, Forgiveness, Economics, BNC, Community banking models, Federal, Small Business Administration, SBA, Risk, Video game, Cryptocurrency, Real estate

BISMARCK, N.D., Jan. 31, 2023 /PRNewswire/ -- BNCCORP, INC. (BNC or the Company) (OTCQX Markets: BNCC), which operates community banking and wealth management businesses in North Dakota and Arizona as well as mortgage banking offices in Illinois, Kansas, Arizona, and North Dakota, today reported financial results for the quarter ended December 31, 2022 and for the full 2022 calendar year.

Key Points: 
  • Net interest margin increased to 3.94% for the fourth quarter of 2022 compared to 2.88% during the fourth quarter of 2021.
  • Fourth quarter 2022 earnings per diluted share was $0.41 versus $0.92 in the fourth quarter of 2021.
  • Net interest income for the fourth quarter of 2022 was $8.6 million, an increase of $1.2 million, or 16.1%, from $7.4 million in the fourth quarter of 2021.
  • Fourth quarter interest income increased by $1.9 million, or 24.2%, to $9.7 million in 2022, compared to $7.8 million in the fourth quarter of 2021.

Bank of Charles Town Receives 2022 FHLBank Pittsburgh Diversity, Equity and Inclusion Membership Award; Group Tours Facility of Banking On Diversity Funding Recipient

Retrieved on: 
Wednesday, November 30, 2022
Professional Services, DEI (Diversity, Equity and Inclusion), Environmental, Social and Governance (ESG), Small Business, Socially Responsible Investing, Finance, Banking, Black History Month, Housing, OTC, Financial management, Federal Home Loan Banks, Economic development, Multimedia, Insurance, Trust, Bank, Community, PTBS, Virtual reality, USN, Small business, Shenandoah, BCT, American Banker, Family, Harpers Ferry, West Virginia, Community banking models, Congress, Autism, Equity, Award, USMC, DEI, Management, Leukoencephalopathy

Today, the Federal Home Loan Bank of Pittsburgh (FHLBank) announced that Bank of Charles Town (BCT) received the inaugural 2022 FHLBank Diversity, Equity and Inclusion (DEI) Membership Award (Award) for their Banking On Diversity program.

Key Points: 
  • Today, the Federal Home Loan Bank of Pittsburgh (FHLBank) announced that Bank of Charles Town (BCT) received the inaugural 2022 FHLBank Diversity, Equity and Inclusion (DEI) Membership Award (Award) for their Banking On Diversity program.
  • It was difficult to select a winner from among such dynamic programs and initiatives, said Katey Malesic, FHLBanks Chief Diversity, Equity and Inclusion Officer.
  • BCTs collaborative Banking On Diversity program, which provides early-stage, interest-free capital to both start-up and existing micro-businesses stood out as having unique community impact.
  • Along with two other neighboring community banks, the innovative Banking On Diversity, Minority Business Loan Fund was created.

POTOMAC BANCSHARES, INC. REPORTS 2022 THIRD QUARTER RESULTS

Retrieved on: 
Tuesday, November 1, 2022
Growth, Pressure, Credit, Board of directors, CEO, Knowledge, BCT, Community banking models, The Company, Income, PPP, Federal Reserve, Total, Workforce, ROE, Housing, PTBS, Community, Sale, State bank, Investment, Private Securities Litigation Reform Act, Company, Paycheck Protection Program, Bank, OTC, All, Environment, Financial management, Forward-looking statement, Round 1, ROA, Insurance, Cryptocurrency, Health insurance, Lithium, Renewable energy, Airline, Iron ore, Video game, Real estate, Security (finance), Trust

On a linked quarter basis, net interest margin improved to 3.49% in the current quarter compared to 3.33% for the linked quarter.

Key Points: 
  • On a linked quarter basis, net interest margin improved to 3.49% in the current quarter compared to 3.33% for the linked quarter.
  • Non-interest expense increased to $5.0 million for the quarter ending September 30, 2022, an increase of $608 thousand or 13.7% above the quarter ending September 30, 2021.
  • Excluding PPP income, net interest income increased $801 thousand to $6.3 million for the quarter, compared to $5.5 million for the quarter ending June 30, 2022.
  • Total PPP interest and fees recorded in the quarter were $115 thousand compared to $295 thousand in the second quarter.