Communities First

FHLBank Indianapolis announces 2023 Board of Directors election results

Retrieved on:

Friday, October 27, 2023

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INDIANAPOLIS, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) today announced the results of the election of two independent directors and two Michigan member directors to its Board of Directors (“Board”).

Key Points:

INDIANAPOLIS, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) today announced the results of the election of two independent directors and two Michigan member directors to its Board of Directors (“Board”).
The following individuals were elected to the Board and will each serve four-year terms beginning Jan. 1, 2024.
Independent directors are nominated by the Board after consultation with the Bank’s Affordable Housing Advisory Council and the Federal Housing Finance Agency.
For more information about FHLBank Indianapolis, visit www.fhlbi.com and follow the Bank on LinkedIn and X (formerly known as Twitter) at @FHLBankIndy.

FFB Bancorp Earns $8.87 Million, or $2.79 per Diluted Share, for Third Quarter 2023

Retrieved on:

Wednesday, October 18, 2023

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Third quarter 2023 results were highlighted by continued net interest margin expansion, which improved 84 basis points to 5.21% at September 30, 2023, from the third quarter of 2022.

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Third quarter 2023 results were highlighted by continued net interest margin expansion, which improved 84 basis points to 5.21% at September 30, 2023, from the third quarter of 2022.
Third Quarter 2023 Highlights: As of, or for the quarter ended September 30, 2023, compared to the quarter ended September 30, 2022:
Pre-tax, pre-provision income increased 31% to $12.32 million.
“We delivered stellar earnings for the third quarter 2023, achieving record earnings for the first nine months of 2023,” said Bhavneet Gill, CFO and Acting President & CEO.
The cost of funds was 0.24% for the third quarter a year earlier, and 0.62% for the second quarter of 2023.

FFB Bancorp President and CEO Taking Personal Leave of Absence

Retrieved on:

Monday, September 25, 2023

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FRESNO, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- FFB Bancorp, formerly Communities First Financial Corporation (the “Company”) (OTCQX: FFBB), the parent company of FFB Bank (the “Bank”), announced today that Steve Miller, President and Chief Executive Officer, will be taking a temporary leave of absence to be with his spouse and family, effective September 25, 2023.

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FRESNO, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- FFB Bancorp, formerly Communities First Financial Corporation (the “Company”) (OTCQX: FFBB), the parent company of FFB Bank (the “Bank”), announced today that Steve Miller, President and Chief Executive Officer, will be taking a temporary leave of absence to be with his spouse and family, effective September 25, 2023.
Bhavneet Gill, Executive Vice President and Chief Financial Officer, will step in as the Acting CEO during Steve’s absence and a senior management committee was formed to engage with the Board as needed.
This group consists of the Chief Credit Officer, Chief Operating Officer, and the Chief Marketing/Revenue Officer.
“We have planned and prepared for Steve to take this leave of absence.

FFB Bancorp Announces Ticker Symbol Change

Retrieved on:

Wednesday, August 30, 2023

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FRESNO, Calif., Aug. 30, 2023 (GLOBE NEWSWIRE) -- FFB Bancorp, formerly Communities First Financial Corporation (the “Company”) (OTCQX: FFBB), the parent company of FFB Bank (the “Bank”), announced today that it has received approval from FINRA to officially change its ticker symbol from “CFST” to “FFBB” effective at the market open on August 30, 2023.

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FRESNO, Calif., Aug. 30, 2023 (GLOBE NEWSWIRE) -- FFB Bancorp, formerly Communities First Financial Corporation (the “Company”) (OTCQX: FFBB), the parent company of FFB Bank (the “Bank”), announced today that it has received approval from FINRA to officially change its ticker symbol from “CFST” to “FFBB” effective at the market open on August 30, 2023.
The Company’s common stock will continue to be traded on the OTCQX and the CUSIP number will not be changing.
The decision to change the ticker symbol was made to align with the renaming of the Company to FFB Bancorp and its subsidiary to FFB Bank, which occurred earlier this year.
Similarly, the Bank has opened positions for business development officers in these areas as part of its efforts to connect with clients in the different regions of California.

FFB Bancorp Earns Record $9.42 Million, or $2.97 per Diluted Share, for Second Quarter 2023

Retrieved on:

Wednesday, July 19, 2023

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Second quarter 2023 results were highlighted by continued net interest margin expansion, which improved to 5.09% at June 30, 2023.

Key Points:

Second quarter 2023 results were highlighted by continued net interest margin expansion, which improved to 5.09% at June 30, 2023.
Second Quarter 2023 Highlights: As of, or for the quarter ended June 30, 2023, compared to the quarter ended June 30, 2022:
Pre-tax, pre-provision income increased 59% to $13.81 million.
The yield on earning assets was 5.75% for the second quarter of 2023, compared to 4.37% for the second quarter a year ago, and 5.59% on a linked quarter basis.
Total non-interest income was $8.12 million for the second quarter of 2023, compared to $4.24 million for the second quarter of 2022, and $4.56 million for the preceding quarter.

Casey’s Announces New Three-Year Strategic Plan

Retrieved on:

Wednesday, June 28, 2023

Casey’s General Stores, Inc. (NASDAQ: CASY), a $15 billion in revenue, 50-year retail success story, announces its new three-year strategic plan.

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Casey’s General Stores, Inc. (NASDAQ: CASY), a $15 billion in revenue, 50-year retail success story, announces its new three-year strategic plan.
“Our new strategic plan demonstrates that Casey’s is truly a category of one.
Enhance Operational Efficiency: Across the organization, Casey’s new strategic plan will enable operational improvements that drive efficiency and decrease costs through data-driven decision-making.
The company’s strategic plan is a continuation of its accelerated growth, with the goal of growing EBITDA at an 8% to 10% compound annual growth rate.

The WellSky® Foundation Grants $100,000 to Mobile Loaves & Fishes to Address Chronic Homelessness

Retrieved on:

Tuesday, September 6, 2022

The WellSky Foundation and Mobile Loaves & Fishes first partnered together in February 2020, making this the WellSky Foundations first repeat grant recipient.

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The WellSky Foundation and Mobile Loaves & Fishes first partnered together in February 2020, making this the WellSky Foundations first repeat grant recipient.
This donation will go towards Mobile Loaves & Fishes expansion of Community First!
Village, a 51-acre master-planned community that provides affordable, permanent housing and a supportive community for men and women who are coming out of chronic homelessness.
When we started the WellSky Foundation, we were passionate about finding like-minded organizations we could partner with to achieve a meaningful, long-term impact Mobile Loaves & Fishes has inarguably become that partner for us, shared Andrea Morgan, executive director of the WellSky Foundation.

Communities First Financial Corporation Ranks #6 on American Banker’s Top 200 Publicly-Traded Community Banks List for 2022

Retrieved on:

Thursday, May 19, 2022

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FRESNO, Calif., May 19, 2022 (GLOBE NEWSWIRE) -- Communities First Financial Corporation (the Company) (OTCQX: CFST), the parent company of Fresno First Bank (the Bank), today announced that it has been named to American Bankers Top 200 Publicly Traded Community Banks list.

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FRESNO, Calif., May 19, 2022 (GLOBE NEWSWIRE) -- Communities First Financial Corporation (the Company) (OTCQX: CFST), the parent company of Fresno First Bank (the Bank), today announced that it has been named to American Bankers Top 200 Publicly Traded Community Banks list.
In its May 2022 issue, American Banker ranked Communities First sixth (#6) on the list of 200 top-performing publicly traded community banks with less than $2 billion of assets, and based on 3-year average return on equity as of December 31, 2021.
We are honored to be recognized in American Bankers Top 200 list; it is a validation of our success in focusing on strong relationships with our clients, communities and shareholders, said Steve Miller, President and Chief Executive Officer.
Communities First Financial Corporation, a bank holding company established in 2014, is the parent company of Fresno First Bank, founded in 2005 in Fresno, California.

Communities First Financial Corporation Announces the Upcoming Retirement of its Chief Financial Officer

Retrieved on:

Tuesday, April 26, 2022

The Board of Directors has retained executive search firm Chrisman and Company to assist in the process of identifying his successor.

Key Points:

The Board of Directors has retained executive search firm Chrisman and Company to assist in the process of identifying his successor.
Steves dedicated leadership and direction to the Company and the Bank during his tenure has been exceptional.
He helped the Bank evolve from de novo status, navigated us through the financial crisis, and most recently through the pandemic.
Communities First Financial Corporation, a bank holding company established in 2014, is the parent company of Fresno First Bank, founded in 2005 in Fresno, California.

Stater Bros. Markets Expands ReposiTrak Relationship to Reduce Out-of-stocks and Improve Customer Experience

Retrieved on:

Wednesday, March 9, 2022

After one year, out-of-stocks were reduced substantially, and Stater Bros. is now expanding the program to include even more of its DSD suppliers.

Key Points:

After one year, out-of-stocks were reduced substantially, and Stater Bros. is now expanding the program to include even more of its DSD suppliers.
Stater Bros. is committed to offering the best customer experience possible, and that includes making sure every product is available, every time shoppers visit our stores or website, said Dennis McIntyre, Executive Vice President and Chief Marketing Officer at Stater Bros. Markets.
Stater Bros. is an incredible brand known for its top quality, fresh foods and a dedication to customer service.
Their commitment to the customer is obvious every time you enter a store, and its that same commitment that led Stater Bros. to our out-of-stock management solution.