Adapting to Serve: Leveraging Technology to Connect with Financially Underserved Customers
By Brad Tompkins In April, the Federal Deposit Insurance Corp. (FDIC) unveiled a revised economic inclusion plan aiming to advance financial stability by encouraging lending in underserved communities. According to the FDIC website, the second stage of this plan is building household financial stability, specifically by increasing the percentage of households that have access to…
Loan Participations Plant the Seeds for Lending Growth
By Peter Glick When one of your best customers approaches your community bank about a new loan, ideally, you would always be able to say yes. Regulations, however, set limits on how much funding lenders can provide borrowers. Community banks have options however to meet these regulatory requirements and still meet the needs of their…
Associated Reports Q2 Earnings
GREEN BAY, Wis., — Associated Banc-Corp reported Q2 2024 earnings of $80 million and $0.52 per share compared to Q1 2024 earnings of $78 million and $0.52 per share and Q2 2023 earnings of $84 million and $0.56 per share. “After demonstrating an ability to execute with Phase 1 of our strategic plan, we continued…
QNB Reports Q2 Earnings
QUAKERTOWN, Pa., — QNB Corp., the parent company of QNB Bank, has reported Q2 2024 net income of $2,465,000 and $0.67 per share compared to Q2 2023 net income of $1,887,000 and $0.52 per share. For the six months ended June 30, 2024, QNB reported net income of $5,059,000 and $1.38 per share compared to…
OVBC Posts Dividend
GALLIPOLIS, Ohio, — The board of directors of Ohio Valley Banc Corp. has declared a cash dividend of $0.22 per common share payable on Aug.10, 2024 to shareholders of record on July 26, 2024.
NYCB Adds Executives
HICKSVILLE, N.Y., — Flagstar Bank, N.A., the bank subsidiary of New York Community Bancorp, Inc., has appointed nine seasoned leaders to its leadership team. These additions further enhance the Company’s oversight of core businesses and client-focused operations, bringing a blend of financial, commercial, private banking, IT, credit, and regulatory pedigree to the organization. Joseph Otting,…
Peter G. Gurt to Join S&T Board
INDIANA, Pa., S&T Bancorp, Inc., the holding company for S&T Bank, has announced Peter Gurt will join its board of directors. With over 35 years of experience in academic leadership and community engagement, Gurt brings a wealth of strategic competency to S&T’s board. “I am personally delighted to welcome Peter to our board. His leadership…
West Bank Wins Communicator Awards For ‘Standing Strong’ Video
WEST DES MOINES, Iowa, — The Academy of Interactive and Visual Arts has named West Bank as a winner of an Award of Excellence (Financial Services) and an Award of Distinction (Corporate Image) for the bank’s new video, Standing Strong, during their 30th Annual Communicator Awards event in New York. This video, narrated by actor…
BofA Names Drew Slocum as Wisconsin President
MILWAUKEE, — Bank of America has named Drew Slocum president of Bank of America Wisconsin. Slocum will lead the Wisconsin market and will be responsible for connecting clients, teammates and communities to the bank’s eight lines of businesses and the full power of Bank of America. Slocum joined Bank of America in 2006 and has…
John Wendling Retires from The State Bank
FENTON, Mich., — The State Bank has announced the retirement of John Wendling, Vice President and Business Development Officer, after a remarkable 51 years of dedicated service in the banking industry. John’s extensive career, marked by his kindness, passion, and unparalleled expertise, has enriched the lives of countless customers, colleagues, and community members. John began…