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New executives are effecting an IT reawakening at Orrstown Bank to prepare it for growth. Projects being tackled include: enlarging the IT team, outsourcing the core, replacing the email system and redoing the digital channels.
July 24 -
BankUnited (BKU) in Miami Lakes, Fla., added interest income and beat earnings estimates as it expanded into New York City last quarter.
July 24 -
The $17 billion-asset company's second-quarter earnings rose 2% from a year earlier, to $40.6 million. Per-share earnings of 21 cents beat the estimates of analysts polled by Bloomberg by 2 cents.
July 23 -
Chinatrust Bank in Los Angeles has hired heads of risk management and retail banking.
July 23 -
Porter Bancorp (PBIB) in Louisville, Ky., will replace its chairman and chief executive at the end of this month.
July 23 -
FirstMerit (FMER) in Akron, Ohio, reported higher second-quarter profit after completing its acquisition of Citizens Republic Bancorp.
July 23 -
Hancock Holding (HBHC) has agreed to sell 10 Whitney Bank branches that the Gulfport, Miss., company had planned to close, as well as loans and deposits associated with the branches.
July 22 -
TCF Financial Corp. (NYSE: TCB) in Wayzata, Minn., has hired a PNC Financial Services Group (PNC) executive to be its chief risk officer.
July 19 -
The $1.6 billion-asset company reported Friday that it earned $2.8 million in the second quarter, up 6% from the same period in 2012.
July 19 -
John Koelmel recently became the president of HarborCenter Development, a Buffalo, N.Y., real estate company with ties to a professional hockey team.
July 19
