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The $5.2 billion-asset mutual said in a press release Thursday that Leonard Stekol had become its president. Stekol was also elected a trustee; he will remain chief operating officer.
July 7 -
Calling the crazy-idea department a U.S. Bancorp-branded bus is more than halfway through a cross-country, social-media-tracked journey to promote community development and alter its profile. It's an example of the new style of reputation-oriented marketing being pursued by banks.
July 7
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Wintrust Financial in Rosemont, Ill., has agreed to buy First Community Financial in Elgin, Ill.
July 7 -
As banks develop their customer digital banking channels it's increasingly clear mobile devices are the glue that will bring different experiences together. But there's one problem: mobile banking hasn't even really taken off yet.
July 6
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Community banks are stepping up efforts to raise cheap capital to fuel loan growth, make acquisitions and redeem pricier sources of funds.
July 6
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The number of customers who obtained 10 payday loans in 2015 outnumbered those who obtained just one, the California Department of Business Oversight said in a report Wednesday.
July 6 -
HCSB Financial in Loris, S.C., has recruited its third executive since completing a key recapitalization.
July 6 -
Flushing Financial in Uniondale, N.Y., has raised $21 million in capital after selling an office building.
July 5 -
North Carolina has lost more than 40% of its banks in the past decade, creating a new tier of larger institutions. More deals are expected to occur, raising questions about the pace of M&A and the fate of those bigger banks.
July 5
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Medallion Bank in New York has sold nearly $100 million in prime-credit consumer loans, largely consisted of home improvement and recreational vehicle installment loans, to an unnamed buyer.
July 5
