State Street in Boston has a new president and vice chairman. The $322 billion-asset company said in a Monday press release that it had appointed Louis D. Maiuri to serve as president and head of institutional services, effective immediately.  Maiuri, who remains chief operating officer, joined the company in October 2013. He previously served as deputy chief executive officer of asset servicing at BNY Mellon. State Street also named Eric Aboaf as its

National Bank of Coxsackie in New York has formed a new small business lending platform. The $467 million-asset bank said in a press release Saturday that NBC Express lets small businesses apply online for installment loans.  Applications through funding are handled through digital channels. "We understand that time is an invaluable resource to small business owners, and we want to make the process of obtaining a term loan or line of

Citizens Bank of Edmond in Oklahoma has launched a mortgage platform that focuses on VA financing.Jill Castilla, the $370 million-asset bank’s president and CEO, said in a LinkedIn post that the decision to create ROGER came after she and her husband tried to use VA financing to buy a home last year. “We went to work with another (much bigger) bank to get the deal done,” she wrote, adding that

CUNA Mutual Group plans to rebrand as TruStage in 2023. The company, which already sells TruStage insurance products to credit unions and consumers, said the name change will include all of its enterprise, business-to-business and consumer brands. “We were born out of the credit union movement more than 85 years ago and founded on the principle of people helping people,” Bob Trunzo, CUNA Mutual Group’s CEO, said in a Thursday press release. As

An investment group that focuses on fintech and blockchain companies has hired the former chief financial officer of Bryn Mawr Trust to oversee growth and parternships.JAM FINTOP said in a press release Friday that Mike Harrington will help with engagement with the group’s more than 80 bank investors. “As a career banker I have witnessed firsthand the challenges that community banks experience every day to remain relevant and competitive with the

An activist investor has filed a lawsuit against Republic First Bancorp in an effort to force the Philadelphia company to hold its annual meeting. The $5.7 billion-asset Republic First recently said it would delay the meeting indefinitely while independent legal counsel investigates certain related-party transactions. Driver Management filed a lawsuit Monday in U.S. District Court for the Eastern District of Pennsylvania seeking to compel Republic First to hold its annual meeting on May

The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have issued a series of proposed updates to the Community Reinvestment Act. The agencies on Thursday released proposals to revamp the law, which was originally enacted in 1977 to prevent banks from engaging in discriminatory lending practices. It has been 27 years since the law was last refreshed. The proposed changes would feature four tests that

Hanover Bancorp in Mineola, N.Y., plans to raise up to $36.1 million from its initial public offering. The $1.5 billion-asset company said in a press release that it plans to sell nearly 1.4 million shares of common stock at $21 to $23 each. The underwriters could sell another 204,545 shares if there is enough demand. Hanover, which disclosed plans for the IPO earlier this year, said it plans to use the proceeds