World Bank Director-General Evaluation

Bank Director's Research Reveals That Deposits Could Drive M&A Activity In 2024

Retrieved on: 
Tuesday, November 14, 2023

NASHVILLE, Tenn., Nov. 14, 2023 /PRNewswire/ -- Today Bank Director, the leading information resource for directors and officers of financial institutions nationwide, released the results of its 2024 Bank M&A Survey, sponsored by Crowe LLP, an accounting, consulting and technology firm. According to the survey, bank leaders' enthusiasm for M&A appears dampened going into 2024 — in line with reduced deal activity in 2022-23. But an appetite for sticky, low cost deposits could motivate some financial institutions to make a deal in the year ahead.

Key Points: 
  • Bank Director's 2024 Bank M&A Survey finds a muted appetite for deals — including prospective failed bank acquisitions — but a desire for low cost deposits could be a motivating factor.
  • According to the survey, bank leaders' enthusiasm for M&A appears dampened going into 2024 — in line with reduced deal activity in 2022-23.
  • But an appetite for sticky, low cost deposits could motivate some financial institutions to make a deal in the year ahead.
  • "While total deposits for the industry remain well above pre-pandemic levels, deposit competition and pricing have remained key themes in 2023, particularly following the bank failures in spring," says Emily McCormick, vice president of editorial and research for Bank Director.

Cross River’s New Series, In Conversation With, Focuses on the Transformation of B2B Payments and Launches its First Conversation with Visa

Retrieved on: 
Thursday, October 26, 2023

The discussion will focus on Visa's journey navigating the unique experiences of both the consumer and B2B sectors, the evolution and impact of consumerization on B2B payments, current challenges, and advice for commercial solutions of the future.

Key Points: 
  • The discussion will focus on Visa's journey navigating the unique experiences of both the consumer and B2B sectors, the evolution and impact of consumerization on B2B payments, current challenges, and advice for commercial solutions of the future.
  • “Until recently, an emphasis on the customer experience was mainly reserved for consumer-focused businesses,” said Anthony Peculic.
  • Now, the mic passes to Visa for the launch of the new initiative, In Conversation With.
  • Interested parties can learn more about the first installment and register here .

The First Bancorp Announces Third Quarter Earnings

Retrieved on: 
Wednesday, October 18, 2023

Unaudited net income for the period was $7.5 million representing an increase of 1.1% from the second quarter of 2023.

Key Points: 
  • Unaudited net income for the period was $7.5 million representing an increase of 1.1% from the second quarter of 2023.
  • Diluted earnings per share were $0.67, level with the prior quarter.
  • Our net interest margin declined slightly to begin the third quarter, however, we are encouraged by an uptick in the margin towards the latter part of the quarter.
  • The Company's Efficiency Ratio (non-GAAP) was 53.49% in the third quarter of 2023, up from 52.27% in the second quarter of 2023.

Parke Bank Named One of the Top 20 Community Banks by Bank Director

Retrieved on: 
Thursday, September 28, 2023

WASHINGTON TOWNSHIP, N.J., Sept. 28, 2023 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK)  – is pleased to announce Parke Bank has been named to the Bank Director's Ranking Banking: The Best U.S. Banks 2023 as one of the Top 20 performing banks across the nation amongst its peer group ($1 billion to $5 billion).

Key Points: 
  • WASHINGTON TOWNSHIP, N.J., Sept. 28, 2023 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK)  – is pleased to announce Parke Bank has been named to the Bank Director's Ranking Banking: The Best U.S. Banks 2023 as one of the Top 20 performing banks across the nation amongst its peer group ($1 billion to $5 billion).
  • Bank Director analyzed a consistent set of metrics to assess performance, based on calendar year 2022 results: return on average equity and return on average assets, the tangible common equity ratio, nonperforming assets and total shareholder return.
  • The data divided banks into three asset categories: $50 billion and above, $5 billion to $50 billion and $1 billion to $5 billion.
  • The Bank Director's list of Best U.S. Banks 2023 was announced on August 15, 2023 and can currently be viewed on the Bank Director website .

Bank Director's 2023 Technology Survey Results: Addressing The Digital Landscape

Retrieved on: 
Tuesday, September 19, 2023

NASHVILLE, Tenn., Sept. 19, 2023 /PRNewswire/ -- Bank Director, the leading information resource for directors and officers of financial institutions nationwide, released the results of its 2023 Technology Survey, sponsored by the technology services provider Jack Henry.  The findings reveal that many bank leaders are reevaluating their strategic priorities in an increasingly digital landscape, but they may be missing an opportunity to better serve small businesses.

Key Points: 
  • Bank Director's Survey Examines Bank Leaders' Experiences With Emerging Technology And Their Obstacles Around Adoption, Budgets And Staffing.
  • NASHVILLE, Tenn., Sept. 19, 2023 /PRNewswire/ -- Bank Director , the leading information resource for directors and officers of financial institutions nationwide, released the results of its 2023 Technology Survey , sponsored by the technology services provider Jack Henry.
  • Over 80% of survey respondents say their bank offers small business clients digital capabilities including mobile deposits (93%) and payments (84%), but less than half of those respondents offer digital deposit account opening, digital loan applications, accounts payable/receivable and other valuable services.
  • Bank leaders name digital business account opening, payments capabilities and digital business lending as their top three planned investments.

Wayne Bank Ranks Amongst Top Banks in Country

Retrieved on: 
Wednesday, August 23, 2023

HONESDALE, Pa., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Wayne Bank, a subsidiary of Norwood Financial Corp (Nasdaq Global Market – NWFL), was recently ranked by Bank Director magazine as one of the top 25 best banks in the country in their Ranking Banking, The Best US Banks 2023 publication.

Key Points: 
  • HONESDALE, Pa., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Wayne Bank, a subsidiary of Norwood Financial Corp (Nasdaq Global Market – NWFL), was recently ranked by Bank Director magazine as one of the top 25 best banks in the country in their Ranking Banking, The Best US Banks 2023 publication.
  • Wayne Bank was also ranked number ten (#10) in the country for banks in the $1B-$5B asset size category.
  • Bank Director applied a consistent set of metrics to determine the best banks, based on calendar year 2022 results.
  • Last year, Wayne Bank was ranked at number seventy-one for banks in our asset size.

East West Bancorp Earns Top Spot in 2023 Bank Director Performance Ranking

Retrieved on: 
Wednesday, August 16, 2023

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, earned the No.

Key Points: 
  • East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, earned the No.
  • 1 Performing Bank ranking in Bank Director’s 2023 RankingBanking study in the $50 billion and above asset category.
  • Bank Director, an information resource for the banking industry that reaches more than 24,000 U.S. bank executives and board members, has recognized East West Bancorp’s strong performance in previous years as well.
  • 1 Performing Bank ranking for banks in the $50 billion and above asset category in the 2021 Bank Performance Scorecard.

America's Top 25 Banks: Bank Director Releases 2023 RankingBanking Report

Retrieved on: 
Tuesday, August 15, 2023

NASHVILLE, Tenn., Aug. 15, 2023 /PRNewswire/ -- Bank Director, the leading information resource for directors and officers of financial institutions nationwide, released its 2023 RankingBanking study, sponsored by Crowe LLP.

Key Points: 
  • NASHVILLE, Tenn., Aug. 15, 2023 /PRNewswire/ -- Bank Director , the leading information resource for directors and officers of financial institutions nationwide, released its 2023 RankingBanking study , sponsored by Crowe LLP.
  • Each year, Bank Director's RankingBanking study measures the performance of the 300 largest publicly traded banks, based on profitability, total shareholder return, asset quality and capital adequacy.
  • In this year's study , Bank Director identifies the best banks overall and ranks the best banks by asset size.
  • The analysis was conducted by Piper Sandler & Co.
    To review the full results of Bank Director's RankingBanking study, along with previous RankingBanking reports, please visit BankDirector.com .

Unity Bank Ranked 13th Nationally by Bank Director in U.S. Ranking of the Best Publicly Traded Banks

Retrieved on: 
Tuesday, August 1, 2023

Unity was 13th nationally on the ranking of the largest 300 publicly traded banks and 7th nationally for banks in the $1 billion to $5 billion asset category.

Key Points: 
  • Unity was 13th nationally on the ranking of the largest 300 publicly traded banks and 7th nationally for banks in the $1 billion to $5 billion asset category.
  • Both of those rankings represented improvements from the 2022 ranking for Unity, which came in at 21st nationally and 9th in its asset category on the previous list.
  • “We are honored to be recognized on this prestigious national ranking for the second consecutive year,” said Unity Bank President & CEO James A. Hughes.
  • Please see the third quarter issue of Bank Director , for complete details on Top 25 Banks.

Bank Director's 2023 Governance Best Practices Survey Examines Risk Oversight in the Boardroom

Retrieved on: 
Tuesday, July 18, 2023

NASHVILLE, Tenn., July 18, 2023 /PRNewswire/ -- Bank Director, the leading information resource for directors and officers of financial institutions nationwide, released its 2023 Governance Best Practices Survey Results, sponsored by Barack Ferrazzano's Financial Institutions Group.

Key Points: 
  • NASHVILLE, Tenn., July 18, 2023 /PRNewswire/ -- Bank Director, the leading information resource for directors and officers of financial institutions nationwide, released its 2023 Governance Best Practices Survey Results , sponsored by Barack Ferrazzano's Financial Institutions Group.
  • Just a third say their board possesses cybersecurity expertise, while 95% say their board has finance and accounting experience.
  • When asked about duties specific to risk oversight, 81% say the board reviews, approves and monitors the bank's risk limits, and 73% say they hold management accountable for adhering to the risk governance framework.
  • The survey includes the views of 195 independent directors, chairs and CEOs of U.S. banks below $100 billion in assets.