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Enforcement actions relating to anti-money laundering rules and the Bank Secrecy Act were a prominent theme in the Office of the Comptroller of the Currency's monthly round-up of orders issued from late August through September.
October 18 -
Wells Financial in Minnesota has completed its purchase of St. James Federal Savings & Loan Association, in a deal closely watched by members of the mutual bank community.
July 20 -
ASB Bancorp in Asheville, N.C., is facing a potential proxy fight from New Jersey activist investor Lawrence Seidman.
July 28
AJS Bancorp in Midlothian, Ill., has given its chairman and chief executive the additional title of chief financial officer.
The $210 million-asset company said Thomas Butkus will become CFO after its interim CFO, Pamela Favero, resigns on Aug. 14 to work for an unnamed financial institution. Favero had no disagreement with the bank that led to her resignation, AJS Bancorp said in a regulatory filing.
Butkus will also become CFO for AJS Bancorp's subsidiary, A.J. Smith Federal Savings Bank.
Favero was named interim CFO on July 10, when
Butkus has worked for A.J. Smith Federal Savings Bank since 1972. He has been the bank's chairman and CEO since 1988 and the holding company's chairman, president and CEO since 2001.
AJS Bancorp completed a second-step conversion from a mutually owned thrift to a stock savings bank in October 2013.
