Retail & Commercial

Park National in Newark, Ohio, has agreed to pay $500,000 to settle Securities and Exchange Commission allegations that its loan-loss accounting underplayed credit problems at a troubled acquisition.

Triumph Bancorp in Dallas plans to issue $50 million in subordinated debt and said proceeds from the offering may be used for acquisitions.

The $2.2 billion-asset company disclosed in a regulatory filing that it redeemed $12.2 million, the remaining half of its SBLF shares, on Sept. 22 at a liquidation value of $1,000 each for $12.4 million.

Brookline Bancorp in Boston said James McCarthy will succeed Russell Cole next month as president and CEO of First Ipswich Bank.

First NBC Bank Holding of New Orleans disclosed that it will miss a self-imposed deadline for filing reports for the first and second quarters.

While Russian authorities are still trying to define the legal status of bitcoin, the virtual currency has found use in Moscow in the lobby of the country’s biggest bank.

Up until now, no fintech company has succeeded on a mass scale to offer solutions beyond its core product. But disruptors are trying to go in that direction, and banks should watch their efforts closely.

BNY Mellon's Karen Peetz tops the 25 Most Powerful Women in Banking list; the 25 Most Powerful Women in Finance list is led by Mary Callahan Erdoes at JPMorgan Chase; and Nandita Bakhshi at Bank of the West heads the 25 Women to Watch list.

An analytical mind; a drive to improve; a sense of humility; a leadership gene. Nandita Bakhshi identified these four traits as key in her move up to CEO.

Ellen Alemany came out of retirement in the past year to continue a turnaround effort underway at the $66.7 billion-asset CIT Group. She's got her work cut out for her.