Mechanics and Farmers Bank

Mechanics & Farmers Bank Using nCino’s Cloud Banking Platform to Effectively Deliver on its Mission to Empower Diverse Communities

Retrieved on: 
Tuesday, February 6, 2024
Cloud, Partnership, CDFI, Mechanics and Farmers Bank, Mechanics, Automation, Community development, African Americans, NCino, SVP, Commercial bank, Bank, Community development financial institution, Mobile phone

Wilmington, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Mechanics and Farmers Bank (M&F), the second-oldest African American owned bank in the United States, is live on the nCino Cloud Banking Platform .

Key Points: 
  • Wilmington, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Mechanics and Farmers Bank (M&F), the second-oldest African American owned bank in the United States, is live on the nCino Cloud Banking Platform .
  • The technology upgrade is helping M&F process loans more quickly and creating increased convenience and connectivity for the underserved markets it intentionally serves.
  • For 116 years, M&F Bank has been focused on a critical mission; providing access to capital to diverse communities.
  • “We’re excited to be using nCino, one of the best platforms in the industry, to foster this mission and empower our associates to meet the needs of our customers with excellence.

Farmers National Banc Corp. Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, November 28, 2023
Finance, Banking, Professional Services, Asset Management, Insurance, Mechanics and Farmers Bank, Farmer, Holding company

On November 28, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of December 11, 2023, and is payable to shareholders on December 29, 2023.

Key Points: 

On November 28, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of December 11, 2023, and is payable to shareholders on December 29, 2023.

Farmers National Banc Corp. Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, August 22, 2023
Finance, Banking, Professional Services, Asset Management, Insurance, Mechanics and Farmers Bank, Farmer, Holding company, Security (finance)

On August 22, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of September 8, 2023, and is payable to shareholders on September 29, 2023.

Key Points: 

On August 22, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of September 8, 2023, and is payable to shareholders on September 29, 2023.

Farmers National Banc Corp. Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, May 23, 2023
Finance, Banking, Professional Services, Asset Management, Insurance, Mechanics and Farmers Bank, Farmer, Holding company

On May 23, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of June 9, 2023, and is payable to shareholders on June 30, 2023.

Key Points: 

On May 23, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of June 9, 2023, and is payable to shareholders on June 30, 2023.

TowneBank Reports First Quarter 2023 Earnings

Retrieved on: 
Thursday, April 27, 2023
Aston, Lender option borrower option, Pressure, TowneBank Stadium, Partnership, FHLB, Current Expected Credit Losses, Sale, Mechanics and Farmers Bank, Acquisition, Growth, Environment, Total, Video game, Real estate, Pharmaceutical industry, Security (finance), Bank, Cryptocurrency, Insurance, Reinsurance, Towne, Farmer

SUFFOLK, Va., April 27, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2023 of $38.33 million, or $0.52 per diluted share, compared to $45.59 million, or $0.63 per diluted share, for the quarter ended March 31, 2022.

Key Points: 
  • SUFFOLK, Va., April 27, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2023 of $38.33 million, or $0.52 per diluted share, compared to $45.59 million, or $0.63 per diluted share, for the quarter ended March 31, 2022.
  • Excluding acquisition-related items, core earnings (non-GAAP) for the quarter ended March 31, 2023 were $46.30 million, or $0.62 per diluted share, compared to $45.63 million, or $0.63 per diluted share, for the quarter ended March 31, 2022.
  • Effective tax rate of 20.03% in the quarter compared to 19.77% in first quarter 2022 and 19.90% in the linked quarter.
  • The ratio of net charge-offs to average loans on an annualized basis was 0.14% in first quarter 2023, 0.01% in first quarter 2022, and 0.11% in the linked quarter.

Aubrey L. Layne Jr. and J. Christopher Perry Join TowneBank Corporate Board of Directors

Retrieved on: 
Tuesday, March 14, 2023
Aston, University of Colorado Student Government, Berkshire Hathaway, Farmer, Transport, Virginia Port Authority, ODU, Connecticut Business Hall of Fame, KPMG, MBA, Mechanics and Farmers Bank, Hyatt, Newport News, Virginia, Gender representation on corporate boards of directors, Knowledge, Automotive Executive of the Year Award, Junior Achievement, Choice Hotels, Marriott International, Trustee, Norfolk Academy, Culture, TowneBank Stadium, President of the University of Richmond, University, Business Hall of Fame, Old Dominion University, Management, Sentara Healthcare, Greater Richmond Region, Towne, Central North Carolina

SUFFOLK, Va., March 14, 2023 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce that the TowneBank Board of Directors has appointed Aubrey L. Layne, Jr. and J. Christopher Perry to its Corporate Board.

Key Points: 
  • SUFFOLK, Va., March 14, 2023 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) is pleased to announce that the TowneBank Board of Directors has appointed Aubrey L. Layne, Jr. and J. Christopher Perry to its Corporate Board.
  • In addition, Layne has been appointed to serve on the Norfolk regional board for TowneBank, and Perry has been appointed to serve on the Virginia Beach regional board for TowneBank.
  • He serves on the foundation board for An Achievable Dream and the board of commissioners for the Virginia Port Authority.
  • “TowneBank is honored to have both Aubrey and Chris join our Corporate Board of Directors,” said William I.

Farmers National Banc Corp. Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, February 28, 2023
Banking, Asset Management, Professional Services, Finance, Mechanics and Farmers Bank, Farmer, Holding company, Security (finance)

On February 28, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share, representing a 6.25% increase over the same period last year.

Key Points: 
  • On February 28, 2023, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share, representing a 6.25% increase over the same period last year.
  • The common stock cash dividend will have a record date of March 10, 2023, and is payable to shareholders on March 31, 2023.

TowneBank Reports Full Year and Fourth Quarter Financial Results for 2022

Retrieved on: 
Thursday, January 26, 2023
Aston, Interest, Housing, Insurance, Paycheck Protection Program, Farmer, Current Expected Credit Losses, Acquisition, III, AFS, Sale, Total, TowneBank Stadium, PPP, Mechanics and Farmers Bank, Culture, Video game, Bank, Real estate, Life insurance, Pension fund, Pharmaceutical industry, Renewable energy, Lithium, Cryptocurrency

SUFFOLK, Va., Jan. 26, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (Nasdaq: TOWN) today reported financial results for the full year and the fourth quarter ended December 31, 2022.

Key Points: 
  • SUFFOLK, Va., Jan. 26, 2023 (GLOBE NEWSWIRE) -- TowneBank ("Towne") (Nasdaq: TOWN) today reported financial results for the full year and the fourth quarter ended December 31, 2022.
  • Earnings in the fourth quarter of 2022 were $46.69 million, or $0.64 per diluted share, compared to fourth quarter 2021 earnings of $40.18 million, or $0.55 per diluted share.
  • Highlights for Fourth Quarter 2022:
    Total revenues were $175.31 million in fourth quarter 2022, an increase from the prior year quarter of $14.88 million, or 9.28%.
  • The ratio of net charge-offs (recoveries) to average loans on an annualized basis was 0.11% in fourth quarter 2022, zero in fourth quarter 2021, and (0.01)% in the linked quarter.

Farmers Bankshares, Inc. Reports Fourth Quarter Dividend

Retrieved on: 
Thursday, December 22, 2022
Multimedia, Mechanics and Farmers Bank, Farmer, Holding company, Security (finance)

On an annualized basis the $0.15 per share dividend is unchanged from the dividend declared in June 2022 and the dividend declared in September 2022.

Key Points: 
  • On an annualized basis the $0.15 per share dividend is unchanged from the dividend declared in June 2022 and the dividend declared in September 2022.
  • Headquartered in Windsor, Virginia, Farmers Bankshares, Inc. is the holding company for Farmers Bank, Windsor, Virginia.
  • Farmers Bank was founded in 1919 and is a community bank which operates eight branches and services areas throughout Tidewater Virginia.
  • The common stock of Farmers Bankshares, Inc. trades on the OTC Pink Marketplace under the symbol FBVA.

TowneBank Announces Timing of Closing of Farmers Bank Merger

Retrieved on: 
Friday, December 16, 2022
TowneBank Stadium, Farmer, Sumathi Best Television Current Reporting Award, Nature, Stock, Isle of Wight, Isle, Culture, Environment, FDIC, Berkshire Hathaway, Mechanics and Farmers Bank, COVID-19, Security (finance), Bank, Piedmont (United States), Greater Richmond Region

SUFFOLK, Va. and WINDSOR, Va., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (Nasdaq: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, Virginia, announced today that they expect to complete their merger in early January 2023 as originally scheduled.

Key Points: 
  • SUFFOLK, Va. and WINDSOR, Va., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (Nasdaq: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, Virginia, announced today that they expect to complete their merger in early January 2023 as originally scheduled.
  • Dedicated to a culture of caring, TowneBank values all employees and members by embracing their diverse talents, perspectives, and experiences.
  • Headquartered in Windsor, Virginia, Farmers Bankshares, Inc. is the holding company for Farmers Bank, Windsor, Virginia.
  • Farmers Bank was founded in 1919 and is a community bank which operates eight branches and services areas throughout Tidewater, Virginia.