CIT taps former Citizens Financial exec as CFO
John Fawcett, previously CFO at Citizens Financial in Providence, R.I., will succeed Carol Hayles as CFO. American Banker: Feed
Tag Archives: Financial
Four reg policy changes to advance financial innovation
Archaic regulatory frameworks are curbing progress in fintech. We must modernize our rules so they address an internet- or mobile-based economy. American Banker: Feed
Hope Bancorp to buy U & I Financial in Seattle
The acquisition is the first for Hope since a transformative merger last year. American Banker: Feed
Loan growth, rising yields boost profits at Citizens Financial
Citizens Financial Group in Providence, R.I., reported bigger profits in the fourth quarter on the strength of loan growth and improvements in its loan yield. American Banker: Feed
Wells Fargo turns to cost cutting as scandal takes a financial toll
The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $ 2 billion. American Banker: Feed
Treasury Significantly Cuts Stake in Broadway Financial in Calif.
The Treasury Department has significantly reduced its stake in Broadway Financial in Los Angeles. American Banker
Standard Financial in Pa. to Buy Allegheny Valley in Pittsburgh
Standard Financial Corp. in Monroeville, Pa., has agreed to buy Allegheny Valley Bancorp in Pittsburgh for $ 56.5 million. American Banker
Merchants Bank in Pa. Hires Fulton Financial Exec as Chief
The $ 359 million-asset Merchants said in a press release Friday that Rocco Del Vecchio will succeed Anthony Biondi as chief executive on Aug. 22. Biondi is retiring after 12 years on the job. American Banker
New Risk Chief Steps In at MB Financial
The $ 15 billion-asset bank said in a press release Wednesday that Kevin Moffitt has been hired to succeed Brian Wildman, who was named MB Financial’s executive vice president of consumer banking in March. American Banker
Lizton Financial to Buy Indiana Business Bancorp
The $ 374 million Lizton said in a press release Tuesday that it will pay $ 12.5 million, or $ 7.25 a share, in cash for the $ 66.5 million-asset Indiana Business Bancorp. American Banker