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The Federal Reserve Board has terminated enforcement actions with Marquette Financial in Minneapolis and Bank of Virginia in Midlothian.
August 15 -
Meridian Bank is finally making money again after three years of heavy losses.
August 18 -
Shares of the thinly traded First California Financial Group Inc. soared Friday after it was disclosed in a Securities and Exchange Commission filing that the wealthy owners of the Minnesota Twins baseball club have acquired a large stake in the banking company and are pushing for its sale.
January 13
Marquette Financial Companies in Scottsdale, Ariz., promoted Larry West to be its new chief executive officer.
West will oversee all business operations for the $1.4 billion-asset banking and financial services company, a Tuesday press release said. West has been CEO of Meridian Bank, a subsidiary, since 2010 and will retain this role along with his new responsibilities.
West has more than 35 years of experience in the financial services industry. Before joining Marquette, he held leadership positions in commercial banking, equipment finance and retail banking.
West succeeds Bert Colianni, who will remain director of Marquette Financial Companies and chief executive of Marquette Companies.
Marquette has two banking subsidiaries: the $737 million-asset Meridian Bank of Arizona and the $445 million-asset Meridian Bank Texas,
Other business lines include Marquette Asset Management, Marquette Business Credit, and Marquette Transportation Finance.
"I look forward to continued profitable growth in each of our businesses as we focus on providing common sense banking solutions for our customers," West said in the release.
