American Banker

Potomac Bancshares, Inc. Declares Dividend

Thursday, October 21, 2021 - 2:03pm

CHARLES TOWN, W.Va., Oct.21, 2021 /PRNewswire/ --The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their October board meeting.

Key Points: 
  • CHARLES TOWN, W.Va., Oct.21, 2021 /PRNewswire/ --The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their October board meeting.
  • The dividend is for all shareholders of record on November 2, 2021 and will be paid on November 9, 2021.
  • Founded in 1871 and celebrating their 150th year of service, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS).
  • For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.mybct.bank.

Katahdin Bankshares Corp. Reports Third Quarter Results

Wednesday, October 20, 2021 - 9:05pm

"Our financial results have remained solid, and our strong asset quality continues," said Jon J. Prescott, Katahdin Trust President and CEO.

Key Points: 
  • "Our financial results have remained solid, and our strong asset quality continues," said Jon J. Prescott, Katahdin Trust President and CEO.
  • Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company.
  • Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN.
  • Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on Facebook , Twitter , LinkedIn , and Instagram .

Youth INC appoints three new Directors to its Board

Tuesday, October 19, 2021 - 4:08pm

NEW YORK, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Youth INC, a leading venture philanthropy nonprofit in New York City, is thrilled to welcome three new directors to its board.

Key Points: 
  • NEW YORK, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Youth INC, a leading venture philanthropy nonprofit in New York City, is thrilled to welcome three new directors to its board.
  • Advent is proud to have launched a partnership with Youth INCs nonprofit partner, Youth Action YouthBuild of East Harlem , to create opportunities for reciprocal learning and shared understanding.
  • Youth INCs Board of Directors helps the organization fulfill its mission to empower organizations that serve youth development nonprofits.
  • Youth INC is a network of 75+ of the best youth development nonprofits in New York City.

First Citrus Bancorporation, Inc. Closes Third Quarter 2021 With Net Earnings Growth of 51%, Deposit Growth of 30%, and Loan Growth of 16%

Monday, October 18, 2021 - 2:40pm

A $0.45 special cash dividend per share of Common, Class A Preferred and Class B Preferred was paid on March 4, 2021.

Key Points: 
  • A $0.45 special cash dividend per share of Common, Class A Preferred and Class B Preferred was paid on March 4, 2021.
  • Total assets were $673 million as of September 30, 2021, an increase of $107 million, or 19% from $566 million as of September 30, 2020.
  • Total deposits as of September 30, 2021, were $611 million, an increase of $142 million, or 30%, over the prior year quarter.
  • First Citrus Bancorporation assumes no obligation to update the forward-looking information in this announcement, except as required under applicable law.

CF Bankshares Inc. Named Piper Sandler Sm-All Star for Third Consecutive Year

Thursday, October 14, 2021 - 2:00pm

COLUMBUS, Ohio, Oct. 14, 2021 /PRNewswire/ --CF Bankshares Inc. (NASDAQ: CFBK) ("CF Bankshares" or the "Company"), the parent of CFBank, NA, is proud to announce that it was selected by Piper Sandler for inclusion among its Sm-All Stars Class of 2021, which marks the third consecutive year the Company has been named.

Key Points: 
  • COLUMBUS, Ohio, Oct. 14, 2021 /PRNewswire/ --CF Bankshares Inc. (NASDAQ: CFBK) ("CF Bankshares" or the "Company"), the parent of CFBank, NA, is proud to announce that it was selected by Piper Sandler for inclusion among its Sm-All Stars Class of 2021, which marks the third consecutive year the Company has been named.
  • Timothy T. O'Dell, President and CEO, commented, "Our CFBank Team is extremely gratified to be recognized by Piper Sandler as a Sm-All Star performer for the third consecutive year (2019, 2020 and 2021).
  • This recognition and award places CF Bankshares in the Top 10% of performance versus our Peers and reinforces the continuing commitment to excellence of our CF team.
  • CF Bankshares Inc. (the Company) is a holding company that owns 100% of the stock of CFBank, National Association (CFBank).

Financial Institutions Can Grow Small Business Relationships with Fintech-Powered Lending Offering from Fiserv

Thursday, October 14, 2021 - 1:30pm

Community financial institutions played a leading role in helping small businesses (SMBs) through the pandemic.

Key Points: 
  • Community financial institutions played a leading role in helping small businesses (SMBs) through the pandemic.
  • Fiserv and StreetShares equipped many financial institutions to deliver a seamless Paycheck Protection Program (PPP) experience from application through forgiveness, and many of these institutions acquired new SMB customers as a result.
  • The pandemic also catalyzed the expansion of many third-party providers that are now competing with community financial institutions for SMB relationships.
  • The Atlas Platform by StreetShares powers financial institutions to offer the full suite of digital, white-labeled, small business banking products to their customers.

BCT--Bank of Charles Town Appoints Frank Donadio as Branch Manager of Harpers Ferry Office

Thursday, October 14, 2021 - 1:30pm

CHARLES TOWN, W.V., Oct. 14, 2021 /PRNewswire/ --(OTC:PTBS)--BCT-Bank of Charles Town, also known as The Community's Bank, recently announced Frank Donadio as the new Branch Manager of its Harpers Ferry, West Virginia office at 1366 West Washington Street.

Key Points: 
  • CHARLES TOWN, W.V., Oct. 14, 2021 /PRNewswire/ --(OTC:PTBS)--BCT-Bank of Charles Town, also known as The Community's Bank, recently announced Frank Donadio as the new Branch Manager of its Harpers Ferry, West Virginia office at 1366 West Washington Street.
  • Mr. Donadio will manage the branch staff as well as manage initiatives for customer experiences and acquisitions.
  • Other positions within financial services include Assistant Branch Manager and Acting Manager for One Main Financial (Citibank) and positions with increasing responsibility at Bank of America and Fannie Mae.
  • "We are delighted to have Frank join BCT to lead our customer experience efforts in Harpers Ferry," stated Alice Frazier, President & CEO.

T. Rowe Price Names Theresa McLaughlin As Head Of Global Marketing

Monday, October 11, 2021 - 2:00pm

BALTIMORE, Oct. 11, 2021 /PRNewswire/ --T. Rowe Price Group (NASDAQ-GS: TROW) announced today that Theresa McLaughlin, a recognized marketing leader with more than 25 years of financial industry experience, will join the firm on October 25, 2021, as head of Global Marketing.

Key Points: 
  • BALTIMORE, Oct. 11, 2021 /PRNewswire/ --T. Rowe Price Group (NASDAQ-GS: TROW) announced today that Theresa McLaughlin, a recognized marketing leader with more than 25 years of financial industry experience, will join the firm on October 25, 2021, as head of Global Marketing.
  • McLaughlin will closely align with the firm's segment marketing teams and chair the firm's Marketing Leadership Team, a senior governance forum composed of marketing leaders across global business lines.
  • Previously, McLaughlin was global chief marketing, customer experience, and corporate citizenship officer for TD Bank Group and chief marketing officer at Citizens Financial Group.
  • McLaughlin will be based at the firm's corporate headquarters in Baltimore and report to Robert Higginbotham, head of Global Distribution.

Centric Financial Corporation Recognized as a 2021 Top Team in American Banker's Most Powerful Women in Banking

Friday, October 8, 2021 - 9:01am

HARRISBURG, Pa., Oct. 8, 2021 /PRNewswire/ -- Centric Financial Corporation , ("Centric") (OTC Pink: CFCX), a parent company of the wholly-owned subsidiary Centric Bank , has been named a 2021 Top Team in American Banker's 25 Most Powerful Women in Banking recognitionfor the fourth time,announces Patricia (Patti) A. Husic, President & CEO.

Key Points: 
  • HARRISBURG, Pa., Oct. 8, 2021 /PRNewswire/ -- Centric Financial Corporation , ("Centric") (OTC Pink: CFCX), a parent company of the wholly-owned subsidiary Centric Bank , has been named a 2021 Top Team in American Banker's 25 Most Powerful Women in Banking recognitionfor the fourth time,announces Patricia (Patti) A. Husic, President & CEO.
  • The Centric Bank leadership team, 60% of whom are women, is being celebrated for their extraordinary teamwork, promotion and hiring of women, and diversity initiatives.
  • American Banker recognizes leaders in multiple lists: The Most Powerful Women in Banking , The Most Powerful Women to Watch , The Most Powerful Women in Finance, Top Teams andin a special recognition for 2021 Standouts .
  • With a banking community 850M strong, American Banker's transformative content connects leaders online, in person, and in print every day.

American Banker Announces Laurie Stewart as One of American Banker’s 2021 MOST POWERFUL WOMEN

Thursday, October 7, 2021 - 8:58pm

SEATTLE, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Sound Community Bank is pleased to announce Laurie Stewart, President and CEO, was named one of the 2021 Most Powerful Women in Banking by American Banker.

Key Points: 
  • SEATTLE, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Sound Community Bank is pleased to announce Laurie Stewart, President and CEO, was named one of the 2021 Most Powerful Women in Banking by American Banker.
  • American Banker also named her as one of its Most Powerful Women in Banking in 2011, 2015, 2017, 2018, and 2019.
  • The full list, including profiles of all the honorees for 2021, appears on American Bankers website here: The Most Powerful Women in Banking 2021 | American Banker .
  • With a banking community 850M strong, American Bankers transformative content connects leaders online, in person, and in print every day.