Strategic Insights into Banking & Fintech
Lana Chan is the latest bank analyst to cross over and join a bank. Chan, who was an equity analyst for BMO Capital Markets for 15 years, revealed on her LinkedIn profilethat she had become a strategic communications and investor relations consultant at Cathay Bank in Los Angeles. Prior to joining BMO, Chan was an analyst at Advest. Other analysts who have accepted banking jobs in the past include Bob Ramsey, who left
Organizers in New Canaan, Conn., have applied to form a bank. The application for New Canaan Bank was submitted to the Federal Deposit Insurance Corp. on Dec. 28. A week earlier, organizers filed an application with the Connecticut Department of Banking. A notice posted by the state regulator listed six organizers: Frederick Afragola, Louis Garcia, Paul Kuehner, Joseph Rucci Jr., Thomas Ayoub and Anthony Domino Jr. Afragola, who would serve as the proposed bank's executive chairman, is the chairman
Customers Bancorp has hired a team of digital banking experts from Silvergate Capital to help the West Reading, Pa., company build out its commercial cryptocurrency business. The $19 billion-asset company said in a press release Thursday that it added seven bankers with experience in business development, technology, onboarding, payments and Bank Secrecy Act compliance. “We made the commitment to be one of the top financial institutions serving commercial cryptocurrency and digital asset
Provident Financial Services in Iselin, N.J., has a new bank CEO. The $13.4 billion-asset company said in a press release Thursday that Tony Labozzetta had taken on the expanded role on Jan. 1. He succeeded Chris Martin, who became executive chairman of Provident Bank. Labozzetta will remain the president for the company and the bank. He had also been the chief operating officer of Provident Financial and Provident Bank. Labozzetta joined Provident in
GreenState Credit Union in North Liberty, Iowa, has been blocked from buying a bank. The Nebraska Department of Banking and Finance officially denied an application by the $8 billion-asset credit union to acquire the $395 million-asset Premier Bank in Omaha, Neb. The regulator said the bank failed to provide supporting evidence backing the deal’s legality. “Premier has not carried its burden of proof in this proceeding to show that there is express
Organizers of a proposed de novo in Bloomington, Minn., have selected a new name for the bank. The group has changed the name of the planned institution from Brava Bank to EntreBank, according to an application with the Federal Reserve. The bank, as previously reported, would operate as a subsidiary of Entrepreneurs Bancshares. The principal shareholder of the company would be the Entrepreneurs Bancshares Revocable Trust of Daniel A. Boeckermann,
ACNB Corp. in Gettysburg, Pa., has changed the name of its insurance unit. The $2.8 billion-asset said in a press release Thursday that Russell Insurance Group had been rebranded as ACNB Insurance Services. ACNB bought Russell in 2005. The agency offers property, casualty, health, life and disability insurance to personal and commercial clients."The insurance agency subsidiary has grown through acquisitions to serve clients with additional office locations in” Maryland and Pennsylvania,
The Colorado Bankers Association tapped an insider as its next CEO. The association said in a press release that Jenifer Waller took over the posts on Jan. 1 as part of a two-year transition process. Waller, who has been with the association since 1999, will remain its president. Waller “has been a key part of the association’s success, and we are pleased to conclude this final step in our executive transition plan,”
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