Blue Valley in Kansas Names Castle Creek Exec to Board

By Colin Wilhelm August 20, 2015, 2:39 p.m. EDT 1 Min Read

Community banking

Blue Valley Ban Corp. in Kansas to Redeem Tarp Shares

Blue Valley Ban Corp. in Overland Park, Kan., has obtained regulatory approval to redeem its Troubled Asset Relief program preferred shares.

By Tanaya Macheel

August 6
Community banking

Blue Valley Buys Kan. Branch from Chicago's Federal Savings Bank

Blue Valley Ban Corp. in Overland Park, Kan., has agreed to acquire a branch in its hometown owned by The Federal Savings Bank in Chicago.

By Colin Wilhelm

June 3
Community banking

Guaranty in Denver Amends Registration Statement

Guaranty Bancorp in Denver is registering shares so that a number of large investors can sell stock over time.

By Paul Davis

March 31

Blue Valley Ban Corp. in Overland Park, Kan., has named an executive from a large investor in the company to its board.

The $616 million-asset company appointed Tony Scavuzzo to its board on Thursday, according to an Aug. 19 news release. Scavuzzo is a principal at Castle Creek Capital, a Rancho Santa Fe., Calif., investment firm.

"Tony brings additional financial institution expertise and knowledge to the Board and we welcome his membership," Blue Valley's chairman and chief executive, Robert Regnier, said in the release.

Blue Valley did not disclose if Scavuzzo is filling a board vacancy or if it's a new seat. The company could not be reached for comment.

Castle Creek is an investor in several community banks nationwide, including the $4.1 billion-asset First NBC Bank Holding in New Orleans and the $2.3 billion-asset Guaranty Bancorp in Denver. Blue Valley did not disclose the size of Castle Creek's stake in the company.

Colin Wilhelm

MORE FROM AMERICAN BANKER

Earnings

Key is downbeat on U.S. economy, upbeat on its own outlook

The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.

By John Reosti

7h ago
Commercial lending

Texas Capital reports 53% jump in criticized loans, plans for more

The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.

By Allissa Kline

8h ago
Earnings

How loan-hungry Ally is preparing for the Fed's upcoming speed limit

The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.

By Polo Rocha

8h ago
House Financial Services Leadership

House banking panel advances measures to nullify credit card, ESG rules

The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.

By Claire Williams

9h ago
Commercial lending

After bruising quarter, Synovus sees credit stability ahead

Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.

By Jim Dobbs

10h ago
Payments

Discover cuts its profit to resolve its old merchant missteps

Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.

By Kate Fitzgerald

11h ago