Chental-Song Bembry
ReporterChental-Song Bembry is a reporter at American Banker and freelance writer for Business Insider. She holds a bachelor’s degree in journalism with a minor in leadership studies from Hampton University.
Chental-Song Bembry is a reporter at American Banker and freelance writer for Business Insider. She holds a bachelor’s degree in journalism with a minor in leadership studies from Hampton University.
The Oakland bank has raised $25 million through a private placement of common stock.
While Workers United will no longer own more than half of Amalgamated's stock, it will remain the bank's biggest investor.
Tory Nixon, who became Umpqua's chief banking officer this spring, is trying to drive more customers to use mobile banking (only 15% do so now industrywide) without alienating them in the process.
Despite continued industry consolidation, the company still expects to have at least 10 chances each year to buy another bank.
Colony Bankcorp has recruited two executives in addition to buying a branch and a vacant lot from Planters First Bank.
First Hawaiian, which is currently being spun off from BNP Paribas, has hired Ravi Mallela as chief financial officer.
The bank, which would be only the second to call the Motor City home, would hire 500 people there while maintaining most of its workforce in Midland.
Prosperity Bancshares in Houston said that its earnings increased 19% from a year earlier as its efficiency ratio rose.
The March acquisitions of a warehouse lending portfolio and eight California bank branches helped fuel a 22% increase in net income.
State Street said it would suspend a share repurchase program and issue common and preferred stock to pay for the deal.