Triangle Bank, Raleigh, N.C., has promoted its chief financial officer
The finance chief, Debra L. Lee, joined the bank in 1991 as vice
The credit chief, Steven R. Ogburn, joined in 1992 as senior vice
The bank also promoted Susan L. Fonville, Malcolm F. Forde, and Walter
Ms. Fonville joined the bank in 1993 as vice president of sales and
Mr. Forde was hired a year ago as director of human resources. He had
Mr. Rogers, special assets administrator, joined Triangle in 1990 as
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
