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David Mitchell has been named Avon, Conn.-based COCC's senior vice president and chief partnership officer, the company announced Wednesday. He will be in charge of corporate and product marketing and new business development.
February 6 -
Capital Bank Financial (CBF) in Miami said its board had authorized the repurchase of up to $50 million of its common stock, which could take place through open-market or through private transactions.
February 6 -
A unit of United Community Financial (UCFC) in Youngstown, Ohio, has been freed from an enforcement action with the Federal Deposit Insurance Corp. and the Ohio Division of Financial Institutions.
February 5 -
Bank of Virginia (BOVA) in Midlothian, Va., will invest in Stonegate Mortgage’s residential mortgage-loan participation program.
February 5 -
KeyCorp (KEY) in Cleveland has hired a Bank of America (BAC) veteran as its chief human resources officer.
February 5 -
The Fed said Tuesday that it terminated a written agreement with Progressive on Feb. 1. The agreement barred Progressive or its $136 million-asset ProGrowth Bank in Nicollet, Minn., from paying dividends or taking on new debt without approval.
February 5 -
The Treasury Department is planning to wind down its Troubled Asset Relief Program investments in six financial institutions by auctioning off approximately $358 million in preferred stock and subordinated debt investments.
February 5 -
Woodforest National Bank in Woodlands, Texas, has promoted Julie Mayrant to president of its retail operations, according to a news report.
February 5 -
Police and Fire Federal Credit Union will continue to use the Star ATM network run by First Data.
February 5 -
Naugatuck Valley Financial in Connecticut has added Orville Aarons as a director. Aarons is president of O. Aarons & Co., an investment bank, and had been a chief lending officer at The Community's Bank.
February 5 -
Security software company SSH makes software that protects access keys that let computers access other computers; it now is compatible with some IBM enterprise servers.
February 4 -
TrustAtlantic Bank has agreed to buy a branch from fellow North Carolina lender Harrington Bank.
February 4 -
Under pressure from consumer groups and regulators, Urban Trust Bank (UTB) of Lake Mary, Fla., has agreed to stop charging overdraft fees on its prepaid cards.
February 4 -
First National Bank and Trust in Newtown, Pa., has given its president the additional title of chief executive.
February 4 -
U.S. Century Bank, the nation's largest undercapitalized bank, is close to a deal that would give a controlling stake to local investors.
February 1 -
FirstMerit's Sandra Pierce has two tough jobs. Overseeing the bank's expansion into her home state of Michigan, while leading the financial advisory board picked to rescue its biggest city.
February 1 -
PayPal's strict requirements for merchants that sell file-storage services have created an opportunity for competitors including BitPay, which processes payments in the digital currency Bitcoin.
February 1 -
The $62 million-asset bank, which is owned by 28 Native American tribes, Alaska native corporations and tribal organizations, said Friday that it had hired Tom Ogaard as its president and chief executive, succeeding David Gilman.
February 1 -
The Federal Reserve Board has terminated enforcement actions against Oregon Community Bank & Trust in Oregon, Wis., and Security Financial Bank and its holding company in Durand, Wis.
February 1 -
The president and chief executive of MetroCorp Bancshares (MCBI) in Houston will be taking on an expanded role.
February 1
