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Imperial Bank, Inglewood, Calif., has promoted Douglas M. Elefant to
Mr. Elefant, who was vice president and commercial loan officer, will be
He came to Imperial from Bank of America in Berkeley, where he was a
Imperial Bank also hired James Edson and Andrew Watson as senior vice
Mr. Edson is responsible for managing relationships with construction
Mr. Waterson is responsible for business development at the East Bay
Mr. Elefant, Mr. Edson, and Mr. Waterson will report to Arlene Gould,
New York Community Bancorp CEO Joseph Otting has added three former colleagues to the embattled company's leadership team. The hires come six weeks after the Long Island bank got a $1 billion capital infusion, which led to Otting's appointment as CEO.
Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency.
When its broad-spectrum payment card fraud-detection filters generated too many false alarms, FIS implemented AI to help banks prioritize which types of fraud to investigate first, in part by muting lower-risk notifications.
Should the all-stock transaction close as planned later this year, Wintrust Financial in the Chicago area would gain about $2.7 billion of assets.
The Arkansas Republican is currently the vice chairman of the House Financial Services Committee and has a deep background in the banking industry and policy.
The Buffalo, New York-based bank set a goal four years ago to limit its commercial real estate loan portfolio to 160% of its capital and reserves, and it's closing in on that target, says Chief Financial Officer Daryl Bible.
