Strategic Insights into Banking & Fintech
A group has applied to open a new bank in Georgia. Organizers of the proposed Georgia Skyline Bank in Roswell applied to the Federal Deposit Insurance Corp. on June 4. The application wasn't immediately available. Ryan Floyd would be the proposed bank's president and CEO. He was a senior vice president at The Piedmont Bank. Floyd said in an interview that his group aims to raise $25 million to $35
Fifth District Bancorp in New Orleans appointed an interim CEO after the death of its leader. The $531.1 million-asset company disclosed in a regulatory filing that Amie Lyons will also serve as interim president. Lyons is the company's senior vice president of administration and operations. Brian North died suddenly on Monday. Fifth District said it plans to conduct an executive search to identify a permanent successor.
MidFirst Bank in Oklahoma City will have a new CEO. The $40 billion-asset bank said in a press release that Todd Dobson will succeed Jeff Records as CEO on July 1. Records will remain chairman. Dobson has been the bank's president. “Todd’s elevation to CEO has long been the succession plan," Records said. "We are grateful for his impact on the expansion and performance of the Bank and look forward
JPMorgan Chase in New York is giving more responsibility to Marianne Lake, seen as a potential successor to CEO Jamie Dimon. Dimon, along with President Daniel Pinto, wrote in a memo to employees that Lake, CEO of consumer and community banking, will take over leadership of international consumer banking and the bank’s strategic growth office. The move comes as Sanoke Viswanathan, JPMorgan Chase’s CEO of international consumer and wealth, plans to
The collapse of Pulaski Savings Bank of Chicago is now the subject of an in-depth review by the FDIC’s Office of Inspector General, reflecting the exceptional loss to the Deposit Insurance Fund (DIF) and the alarming discovery that nearly $21 million in deposits were never recorded in the bank’s core system. The state-chartered mutual savings bank, which had $49.5 million in total assets, failed in January, with most of its
Orange County Bancorp in Middletown, N.Y., plans to raise $37.5 million through a public offering. The $2.6 billion-asset company disclosed in a regulatory filing that it plans to sell 1.7 million shares of common stock. It could sell another 258,000 shares if there is enough demand. The company plans to use the net proceeds for general corporate purposes, which could include investments in its bank to support growth, augment regulatory
Patriot National Bancorp in Stamford, Conn., plans to raise $10.7 million by selling stock. The $974 million-asset company disclosed in a regulatory filing that it will sell about 8.5 million shares directly to investors at $1.25 each. The company plans to use the proceeds for general corporate purposes, which may include capital expenditures, working capital, and general and administrative expenses. Steven Sugarman led a group that agreed to infuse $50
North Shore Bank in Peabody, Mass., has a new leader. The $3 billion-asset bank said in a LinkedIn post that Mike Wheeler had taken on the new role. Wheeler was the bank's president and chief operating officer.
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