ALMA, Mich. -- Firstbank Corp. said it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 265,000 shares of common stock.
Roney & Co., the sole manager and lead underwriter, has been granted an option to purchase as many as 38,000 additional shares to cover overallotments.
A two-for-one split of Firstbank stock is slated for Sept. 15, with a shareholder-of-record date of Aug. 31. The new shares to be offered on a post-split basis.
To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
