Evolve Recognized for Cannabis Payment Solution
ST. PAUL, Minn.,—As cannabis legalization expands across the U.S., including Minnesota, many consumers are surprised to learn that credit card payments are still prohibited at dispensaries. The complexity of this financial environment is what makes the work of Don Raleigh III, Revenue Operations Manager at Evolve Payment (a division of Evolve Systems), so critical. Because…
First Federal Celebrates 121 Years
EVANSVILLE, Ind.,—First Federal Savings Bank began with a simple mission: to provide accessible, reliable financial services to hardworking individuals and families. Today, the bank has grown to ten branches, 135 employees. “As we reflect on 121 years of serving our customers, we are filled with gratitude for the generations who have trusted us with their…
Consumers National Opens Canton Branch
MINERVA, Ohio—Consumers National Bank has its new Canton branch located in the Millennium Centre and has appointed Tony Klonowski as the Branch Relationship Manager. The new branch is the bank’s 23rd full-service branch location and 10th branch in Stark County. “We will provide a refreshing local banking alternative for the downtown businesses and residents as…
Questions that Banks Should Ask About AI
By David Eads As new artificial intelligence (AI) solutions and products enter the market, financial institutions should do their due diligence before investing. AI brings a world of possibilities for enhancing efficiency when done right. But adopting AI isn’t just about automating a process or adding a new tool. It’s about trust, transparency and long-term…
Why Banking & Fintech Companies Should Be Located Near Research & Innovation Resources
By Jessica Del Vecchio Why Banking & Fintech Companies Should Be Located Near Research & Innovation Resources In the race to advance financial services and digital banking, location is more than a pin on a map — it’s a position within an ecosystem. For decades, executives making expansion or relocation decisions considered factors like tax…
Your Digital Roadmap Is Worthless Without Execution
How to Build a Digital Roadmap That Actually Gets Executed By Ryan Taphouse Nearly every financial institution has a digital strategy, but only a handful actually see it through to completion. The reality? Banks often spend months (sometimes years) building impressive roadmaps only to watch priorities shift, technology stall in procurement, and execution grind to…
Your Board’s Cybersecurity Oversight Probably Isn’t Good Enough
By Steve Sanders Most bank boards struggle with cybersecurity oversight because they don’t know what questions to ask, how to interpret the answers or whether their security measures are actually working. Directors may approve cybersecurity budgets without understanding if those investments actually reduce risk, or they may review incident reports without grasping whether response times…
FNB Adds AI and Data Science Directors
PITTSBURGH,—First National Bank, the largest subsidiary of F.N.B. Corporation has hired Santosh Sinha, Director of AI and Innovation, and Sundeep Tangirala, Director of Data Science. Sinha and Tangirala report to Chris Chan, Chief Strategy Officer. “Innovation and digital technology are significant drivers of FNB’s growth and superior client experience,” said Vincent J. Delie, Jr., Chairman,…
First National Names Chris Mars Market President
KALAMAZOO, Mich.,—First National Bank of Michigan has promoted Chris Mars to Market President in Kalamazoo. Chris joined First National Bank of Michigan in March 2014 and has been leading the Kalamazoo Commercial Banking Group since April 2021. With more than 20 years of experience in commercial banking, Chris brings extensive knowledge and a strong commitment…
Fidelity D & D Bancorp, Inc. Announces Retirement of Director Richard Hotchkiss
DUNMORE, Pa.,—Fidelity D & D Bancorp, Inc., the parent bank holding company of The Fidelity Deposit and Discount Bank has announced the retirement of Director Richard Hotchkiss. Hotchkiss was appointed to the Fidelity Bank Board of Directors on May 5, 2020, following the merger with MNB Corporation and its wholly owned subsidiary, Merchants Bank of…