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Since the financial crisis hit in 2008, there have been at least 187 private equity transactions involving banks, worth more than $31 billion in all. For better or worse, these new investors are changing the industry. Here's how.
November 1 -
Another Friday night of failures brought down four banks in regions that have been all too familiar with closures.
July 15 -
A few weeks after announcing plans to sell some subsidiary banks, Capitol Bancorp Ltd. has its first suitor.
May 7
Mary Lynn Lenz has returned to banking after agreeing to become the president and chief executive of Foothills Bank in Yuma, Ariz.
The $292 million-asset bank said Friday that Lenz has succeeded Wayne Gale on Monday. Lenz has joined the banks board.
Lenz most recently served as CEO of Professional Business Bank in Pasadena, Calif., where she had been recruited by a private equity firm in 2009. A year later, she
Before she joined Professional Business Bank, Lenz was CEO at Slades Ferry Bancorp in Somerset, Mass., and had held key posts at Citizens Bank of Massachusetts and KeyCorp (KEY). Lenz was number eight on American Banker Magazine's
Lenz "has a track record of achieving growth goals, a passion for customer service and a proven record of community service," William Savory, Foothills' chairman, said in a press release.
Foothills
