The New Jersey savings League has elected Edward C. Gibney as its chairman.
Mr. Gibney is president of Boiling Springs Savings Bank, Rutherford, N.J., a post he assumed in 1980. He has been a mortgage officer, platform officer, and branch manager.
He was elected to the New Jersey Savings League's board of governors in 1989 and is a past president of the Bergen County Savings League.
The Cleveland company's merger-and-acquisition pipeline is bursting with deals, said CEO Chris Gorman, but geopolitical concerns are causing some clients to "slow-play" their transactions.
Community Bankshares in Lagrange ran afoul of regulators after announcing a major expansion of its government-guaranteed lending operation in 2025.
The Federal Savings Bank in Chicago got hit with a federal consent order after the Office of the Comptroller of the Currency found that the bank blasted veterans with millions of deceptive ads.
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
The stablecoin provider recently applied for a national trust bank charter from the OCC after acquiring a New York trust charter last year.
The credit card lender, which is scheduled to report first-quarter earnings April 23, followed its release of an agentic commerce kit by agreeing to acquire Hypercard, a Sam Altman-backed company that uses AI to support expense management.
