Strategic Insights into Banking & Fintech

Veteran banker Kevin Tylus dies

Veteran banker Kevin Tylus dies

Kevin Tylus, who was CEO of Royal Bancshares of Pennsylvania when it was sold to Bryn Mawr Bank, has died. “We are saddened to learn of Kevin Tylus’ passing,” Bryn Mawr Trust posted on its LinkedIn page. “His contributions to the financial services industry and the community were many, offering his skills and expertise wherever they were needed across the many businesses, boards and community organizations he supported.” Tylus was

December 19, 2022
Simmons First in Ark. taps insider as next CEO

Simmons First in Ark. taps insider as next CEO

Simmons First National in Pine Bluff, Ark., will start 2023 with a new CEO. The $27.1 billion-asset company said in a press release that Bob Feldman, its president and chief operating officer, will become CEO on Jan. 1. Feldman, who will also become CEO of Simmons Bank, will lead Simmons’ “better bank” initiatives and day-to-day operations. Feldman will succeed George Makris Jr., who will remain chairman. Jay Brogdon, Simmons' chief

December 19, 2022
Banc of California shuffles management ranks

Banc of California shuffles management ranks

Banc of California in Santa Ana will soon have a new bank president as part of a series of executive shifts. The $9.4 billion-asset company said in a press release that Hamid Hussain will take over the role on Jan. 1. Hussain, who is president of commercial and real estate banking will succeed Jared Wolff, who remains the company’s president and CEO and the bank’s CEO. Banc of California also

December 19, 2022
Sandy Spring latest bank to dial back NSF, overdraft fees

Sandy Spring latest bank to dial back NSF, overdraft fees

Sandy Spring Bancorp in Olney, Md., is the latest bank to eliminate nonsufficient funds (NSF) fees for personal accounts. The $13.9 billion-asset company said in a press release that it also made changes to its overdraft policy and fees as part of a comprehensive review process. "Individuals and families want to be in control of their banking in ways that best meet their financial goals, regardless of when, how and

December 19, 2022
Genesis Bank in Calif. launches HOA-focused division

Genesis Bank in Calif. launches HOA-focused division

Genesis Bank in Newport Beach, Calif., is making a bigger push into banking homeowners associations. The $125 million-asset bank said in a press release that it has formed a HOA banking division to provide products and services to property management companies, homeowners and condo associations and their governing bodies. Products include online and mobile banking, treasury management, lockbox services, payment processing and fraud protection. “Our veteran team of bankers is

December 19, 2022
Three banks combine chairman, CEO roles

Three banks combine chairman, CEO roles

Several banks are combining the roles of chairman and CEO heading in 2023. Sandy Spring Bancorp in Olney, Md.; Burke & Herbert Financial Services in Alexandria, Va.; and Synovus Financial in Columbus, Ga., are among the companies that announced moves that will take place on Jan. 1. The $13.9 billion-asset Sandy Spring said that Daniel Schrider, its president and CEO, would succeed Robert Orndorff as chairman. Orndorff will remain on

December 19, 2022
NYDIG innovation officer leaves to form new company

NYDIG innovation officer leaves to form new company

Patrick Sells has left NYDIG to co-found a company that will help financial institutions with digital upgrades and vetting fintech partners. Sells, who was NYDIG’s chief innovation officer, has formed True Digital along with Ryan Alfred. He was chief innovation officer at Quontic Bank before joining NYDIG. “I am launching into a new endeavor with a loose plan,” he said in a LinkedIn postv. “I want to focus on helping

December 19, 2022
Binance agrees to buy Voyager Digital’s assets

Binance agrees to buy Voyager Digital’s assets

Binance.US in Palo Alto, Calif., has agreed to buy Voyager Digital’s assets for about $1 billion. Voyager, which has been navigating the bankruptcy process since July 5, said in a press release that Binance provided the “highest and best bid for its assets after a review of strategic options.” Voyager said the bid “sets a clear path forward” for its customer funds to be unlocked as soon as possible. Voyager's

December 19, 2022