Community Bank

Oak Valley Community Bank Announces Branch Manager Hiring

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星期二, 六月 11, 2024
Growth, Melissa, Sierra College, Education, Employment, Gardening, Community Bank, Branch manager

OAKDALE, Calif, June 11, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Melissa Loeb has joined the bank as Vice President, Branch Manager of the Roseville Office, located at 1478 Stone Point Drive.

Key Points: 
  • OAKDALE, Calif, June 11, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Melissa Loeb has joined the bank as Vice President, Branch Manager of the Roseville Office, located at 1478 Stone Point Drive.
  • Loeb joins Oak Valley with over 20 years of banking experience, the past twelve as a Branch Manager in Northern California.
  • In her role, she will oversee branch operations and focus on business development opportunities.
  • Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses.

First Keystone Announces Second Quarter 2024 Earnings (Unaudited)

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星期一, 六月 10, 2024
Banking, Professional Services, Finance, FKYS, Dain Rauscher Wessels, Fraud, Bank, OTC Markets Group, Security (finance), Accounting, Growth, ATM, Disclosure, Corporation, Asset, Tradition, Federal funds, Bank statement, Current Expected Credit Losses, Community Bank, Income tax

First Keystone Corporation (OTC Pink: FKYS), parent company of First Keystone Community Bank, reported a net loss for the three months ended March 31, 2024 of $18,377,000.

Key Points: 
  • First Keystone Corporation (OTC Pink: FKYS), parent company of First Keystone Community Bank, reported a net loss for the three months ended March 31, 2024 of $18,377,000.
  • Net loss per share was $3.00 while dividends totaled $0.28 per share for the three months ended March 31, 2024.
  • The net effect of the derivative on net interest income was $372,000 for the three months ended March 31, 2024.
  • For more information on First Keystone Community Bank or its parent company, First Keystone Corporation, please contact Elaine A. Woodland at 570-752-3671.

National Bankshares, Inc. Completes Acquisition of Frontier Community Bank

Retrieved on: 
星期一, 六月 3, 2024
NKSH, Community Bank, Acquisition, National bank, Culture, Management

BLACKSBURG, Va., June 03, 2024 (GLOBE NEWSWIRE) -- National Bankshares, Inc. (Nasdaq: NKSH - “National Bankshares” or the “Company”), the holding company for The National Bank of Blacksburg (“National Bank”), completed its acquisition of Frontier Community Bank (“Frontier”) effective June 1, 2024.

Key Points: 
  • BLACKSBURG, Va., June 03, 2024 (GLOBE NEWSWIRE) -- National Bankshares, Inc. (Nasdaq: NKSH - “National Bankshares” or the “Company”), the holding company for The National Bank of Blacksburg (“National Bank”), completed its acquisition of Frontier Community Bank (“Frontier”) effective June 1, 2024.
  • Frontier was merged with and into National Bank on June 1, 2024.
  • The three former Frontier branches located in Waynesboro, Staunton, and Lynchburg, Virginia opened under the National Bank name on Monday, June 3, 2024.
  • He added, “National Bankshares and Frontier were very aligned in terms of culture and values, making this merger a natural fit.

Oak Valley Bancorp Honored with the 2023 Raymond James Community Bankers Cup Award

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星期四, 五月 30, 2024
Research, Community Bank, Acquisition, Bank

OAKDALE, Calif., May 30, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY), the parent company of Oak Valley Community Bank, has been awarded the 2023 Raymond James Community Bankers Cup as one of the top 10% of community banks in the United States.

Key Points: 
  • OAKDALE, Calif., May 30, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY), the parent company of Oak Valley Community Bank, has been awarded the 2023 Raymond James Community Bankers Cup as one of the top 10% of community banks in the United States.
  • This marks the fourth time that Oak Valley Bancorp has earned this recognition.
  • Out of 203 community banks that were considered for 2023, Oak Valley Bancorp earned the 2nd spot of only 21 banks to be named to the 2023 Raymond James Bankers Cup, in its twelfth annual list of top-performing community banks.
  • Raymond James, an independent investment bank and research firm, analyzed banks nationwide to select its Bankers Cup recipients.

First Keystone Corporation Announces First Quarter Goodwill Impairment and Second Quarter Dividend

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星期四, 五月 30, 2024
Banking, Personal Finance, Professional Services, Finance, Security (finance), Tradition, Corporation, FKYS, Bank statement, Bank, OTC, Dain Rauscher Wessels, Community Bank, Acquisition, Disclosure

First Keystone Corporation (the “Corporation”) (OTC PINK: FKYS), parent company of First Keystone Community Bank, announces a non-cash goodwill impairment as of March 31, 2024 and declared a $0.28 per share quarterly cash dividend to shareholders of record as of June 13, 2024, payable June 28, 2024.

Key Points: 
  • First Keystone Corporation (the “Corporation”) (OTC PINK: FKYS), parent company of First Keystone Community Bank, announces a non-cash goodwill impairment as of March 31, 2024 and declared a $0.28 per share quarterly cash dividend to shareholders of record as of June 13, 2024, payable June 28, 2024.
  • The goodwill impairment has no impact on regulatory capital ratios, liquidity and the Corporation's cash balances.
  • Cash dividends amounted to $0.28 per share for the second quarter of 2024, the same amount paid in the second quarter of 2023.
  • For more information on First Keystone Community Bank or its parent company, First Keystone Corporation, please contact Elaine A. Woodland at 570-752-3671.

OTTAWA BANCORP, INC. APPROVES STOCK REPURCHASE PROGRAM

Retrieved on: 
星期三, 五月 29, 2024
Rule, OSB, Security (finance), OTCQX, Community Bank

OTTAWA, Ill., May 29, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW) (the “Company”), the holding company for OSB Community Bank (the “Bank”), announced today that the Company’s Board of Directors has approved a stock repurchase program authorizing the repurchase of 127,332 shares, or 5%, of the Company’s outstanding common stock.

Key Points: 
  • OTTAWA, Ill., May 29, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW) (the “Company”), the holding company for OSB Community Bank (the “Bank”), announced today that the Company’s Board of Directors has approved a stock repurchase program authorizing the repurchase of 127,332 shares, or 5%, of the Company’s outstanding common stock.
  • Stock repurchases will be conducted through open market purchases, which will include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions.
  • Repurchases will be made from time to time depending on market conditions and other factors.
  • The Company’s stock repurchase program will terminate upon the completion of the purchase of 127,332 shares or on February 10, 2025 if not all shares have been purchased by that date.

OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

Retrieved on: 
星期四, 五月 16, 2024
OSB, OTCQX, Community Bank

Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States.

Key Points: 
  • Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States.
  • OSB Community Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts.
  • OSB Community Bank was founded in 1871 and is headquartered in Ottawa, Illinois.
  • For more information about Ottawa Bancorp, Inc and OSB Community Bank, please visit www.myosb.bank .

Community Bank System, Inc. Changes Corporate Name to Community Financial System, Inc.

Retrieved on: 
星期三, 五月 15, 2024
Banking, Professional Services, Finance, Insurance, Community, Community Bank, N.A., Wealth management, BPAS, NAPA, Community Bank, Web Cartoonists' Choice Awards, CBU, National Association

Community Bank System, Inc. (NYSE: CBU) (the “Company”), a diversified financial services holding company operating four complementary business units: Community Bank N.A., Benefit Plan Administrative Services, Inc. (“BPAS”), OneGroup NY, Inc. (“OneGroup”), and Wealth Management, announced that it has changed its corporate name to “Community Financial System, Inc.” (“Community Financial System”) effective as of today.

Key Points: 
  • Community Bank System, Inc. (NYSE: CBU) (the “Company”), a diversified financial services holding company operating four complementary business units: Community Bank N.A., Benefit Plan Administrative Services, Inc. (“BPAS”), OneGroup NY, Inc. (“OneGroup”), and Wealth Management, announced that it has changed its corporate name to “Community Financial System, Inc.” (“Community Financial System”) effective as of today.
  • The Company’s ticker symbol will not change and its common stock will start trading on the New York Stock Exchange as Community Financial System, Inc. on May 24, 2024.
  • “The new name – Community Financial System – allows us to emphasize the evolution of our capabilities, solutions and focus,” said Dimitar A. Karaivanov, President and CEO of the Company.
  • Bringing all of that under the new name, Community Financial System, underscores our mission and drives our inclusiveness as one company.”

Tara L. French Elected to BCB Bancorp, Inc. and BCB Community Bank Boards of Directors

Retrieved on: 
星期四, 五月 2, 2024
Community Bank, Comptroller, BCB, BCBP, Retirement, Audit committee, Michael J. Hsu, Assistant

BAYONNE, N.J., May 02, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”), today announced the election of Tara L. French to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately.

Key Points: 
  • BAYONNE, N.J., May 02, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”), today announced the election of Tara L. French to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately.
  • Ms. French previously was an officer at Northfield Bank until her retirement in June 2023.
  • She joined Northfield in 2017 as the Chief Administrative Officer, and she was named Chief Risk Officer in September 2020.
  • “We are delighted to welcome Ms. French to our Boards of Directors and look forward to working with her as we pursue our mission to grow our franchise,” said Mr. Mark D. Hogan, Chairman of the Board.

NorthEast Community Bancorp, Inc. Reports Results for the Three Months Ended March 31, 2024

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星期四, 四月 25, 2024
Community Bank, FHLB, Federal Reserve Bank, Federal Home Loan Banks, Compass (drawing tool), Depreciation, Insurance, Federal, Environment, Exercise, Tax, Atlantic Ocean, Bank, Advertising, Investment

In addition, during the three months ended March 31, 2024, we originated $9.5 million in commercial and industrial loans.

Key Points: 
  • In addition, during the three months ended March 31, 2024, we originated $9.5 million in commercial and industrial loans.
  • Net interest income totaled $25.0 million for the three months ended March 31, 2024, as compared to $22.8 million for the three months ended March 31, 2023.
  • We charged-off $21,000 during the three months ended March 31, 2024 as compared to charge-offs of $21,000 during the three months ended March 31, 2023.
  • Non-interest income for the three months ended March 31, 2024 was $554,000 compared to non-interest income of $1.1 million for the three months ended March 31, 2023.