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Midwestern community banks are in their best financial condition since early 2009, the Office of the Comptroller of the Currency said in a May 13 report.
May 14 -
A founding director at Touchmark Bancshares in Georgia claims he was ousted after questioning the bank's strategy. Now he is lobbying for the company's sale.
May 14 -
Prepaid cards are an appealing market for small banks that want to retain and recruit customers, though bankers must consider potential regulatory and competitive risks before jumping into the business.
May 9
Wellesley Bancorp (WEBK) in Wellesley, Mass., has appointed Ralph Letner as chief lending officer and senior vice president of its bank subsidiary.
Letner will be responsible for the commercial and residential lending operations of the Wellesley Bank, reporting directly to Chairman and Chief Executive Thomas Fontaine, the $476 million-asset company said in a press release.
Letner has held various executive positions in banking in the Boston area for more than 28 years. His employers have included Boston Private Bank & Trust Co. and Citizens Bank, where he served for 12 years in small- and midsize-business lending roles.
"His industry experience and lending expertise will be a tremendous asset to our organization as we continue to expand our client base," Fontaine says.