Security Bank

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023

Retrieved on: 
Wednesday, April 24, 2024
MUFG, Ecosystem, Mitsubishi Motors, Xpander, Philippine Stock Exchange, G4, Republic, Partnership, MPV, Mirage, Triton, Mitsubishi UFJ Financial Group, Bank, Security Bank, Automotive industry

TOKYO, Apr 24, 2024 - (JCN Newswire) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) announced that it posted record retail sales of 81,473 vehicles(1) in the Philippines in FY2023, an increase of 34 percent from the previous fiscal year and the highest volume since FY2017.

Key Points: 
  • TOKYO, Apr 24, 2024 - (JCN Newswire) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) announced that it posted record retail sales of 81,473 vehicles(1) in the Philippines in FY2023, an increase of 34 percent from the previous fiscal year and the highest volume since FY2017.
  • "Mitsubishi Motors has been involved in production and sales in the Philippines for more than 60 years, contributing to that country's economy and earning the solid confidence of customers," said Tatsuo Nakamura, Executive Vice President (responsible for Sales) of Mitsubishi Motors.
  • Mitsubishi Motors has signed a joint venture agreement with Security Bank(3), a financial institution in the Philippines on April 9 to establish Mitsubishi Motors Finance Philippines Inc., a retail finance company that will offer financing services to Mitsubishi Motors' customers.
  • Going forward, Mitsubishi Motors has plans for further sales expansion in the Philippines through Security Bank's extensive lineup of retail financial products.

Glacier Bancorp, Inc. Receives Regulatory Approval for Acquisition of Six Montana Branches From HTLF Bank

Retrieved on: 
Thursday, April 18, 2024
First Bank, Glacier Bancorp, GBCI, Acquisition, First Security Bank, Security Bank, Branch, Financial services

KALISPELL, Mont., April 18, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) today announced that its banking subsidiary, Glacier Bank, has received all regulatory approvals required to complete its previously announced acquisition of six Montana branch locations of HTLF Bank (the “Branches”), the bank subsidiary of Heartland Financial USA, Inc. (NASDAQ: HTLF).

Key Points: 
  • KALISPELL, Mont., April 18, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) today announced that its banking subsidiary, Glacier Bank, has received all regulatory approvals required to complete its previously announced acquisition of six Montana branch locations of HTLF Bank (the “Branches”), the bank subsidiary of Heartland Financial USA, Inc. (NASDAQ: HTLF).
  • The transaction is expected to be completed in July 2024, subject to customary closing conditions.
  • The six branches Glacier Bank will acquire are:
    As of March 31, 2024, the Branches had approximately $463 million in local deposits and $296 million in loans.
  • In addition, the transaction provides immediate liquidity and will be meaningfully accretive to GBCI's earnings per share.”
    Upon closing of the transaction, Glacier Bank intends that the Branches will join Glacier Bank divisions operating in Montana, including First Bank of Montana, First Security Bank of Bozeman, First Security Bank of Missoula, Valley Bank of Helena, and Western Security Bank.

United Security Bancshares Reports First Quarter 2024 Earnings

Retrieved on: 
Thursday, April 18, 2024
Banking, Professional Services, Finance, Security Bank, United Security Bancshares

The Board of Directors of United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, reported today operating results for the quarter ended March 31, 2024. For the full release, please visit UBFO Investor Relations https://investors.unitedsecuritybank.com/Q12024-PR .

Key Points: 

The Board of Directors of United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, reported today operating results for the quarter ended March 31, 2024. For the full release, please visit UBFO Investor Relations https://investors.unitedsecuritybank.com/Q12024-PR .

United Security Bancshares Declares Quarterly Cash Dividend

Retrieved on: 
Wednesday, March 27, 2024
Banking, Professional Services, Finance, United Security Bancshares, Security Bank

On March 26, 2024, the Board of Directors of United Security Bancshares (the “Company”) (NASDAQ: UBFO), the parent company of United Security Bank (the “Bank”), declared a regular quarterly cash dividend of $0.12 per share on the Company’s common stock.

Key Points: 
  • On March 26, 2024, the Board of Directors of United Security Bancshares (the “Company”) (NASDAQ: UBFO), the parent company of United Security Bank (the “Bank”), declared a regular quarterly cash dividend of $0.12 per share on the Company’s common stock.
  • The dividend is payable on April 22, 2024, to shareholders of record as of April 8, 2024.

German American Bank Announces Scott Powell as Chief Credit Officer

Retrieved on: 
Monday, March 4, 2024
Acquisition, German Americans, First Security Bank, Bachelor of Science, Security Bank, Culture, First, Retirement, MBA, McKendree University, University, Management

JASPER, Ind., March 04, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) and its banking subsidiary, German American Bank, announces that Scott Powell has been appointed Executive Vice President, Chief Credit Officer, effective April 1, 2024.

Key Points: 
  • JASPER, Ind., March 04, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) and its banking subsidiary, German American Bank, announces that Scott Powell has been appointed Executive Vice President, Chief Credit Officer, effective April 1, 2024.
  • Powell will succeed current Executive Vice President and Chief Credit Officer, Keith A. Leinenbach, who will be retiring.
  • As an executive, he has been instrumental in growing our company both organically and through acquisitions, and driving superior financial performance.”
    Powell joined German American Bank through the acquisition of First Security Bank in 2018 where he served as an executive and Chief Credit officer.
  • He currently serves in the role of Regional Credit Officer at German American.

Security Bank drives digital transformation of wealth management business with Avaloq

Retrieved on: 
Wednesday, February 28, 2024
Wealth management, STP, Bank, Security Bank, Growth, AUM, Communication, Avaloq, Automation, Software, Partnership, Financial services

Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%.

Key Points: 
  • Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%.
  • Arnold Bengco, Financial Markets Head at Security Bank, said: "The bank's strategic partnership with Avaloq will strengthen our wealth management capabilities even further.
  • With Avaloq's specialized wealth management platform and RM Workplace solution, we can further expand our wealth management business to help individuals and businesses in the region grow and preserve their wealth.
  • We are proud to work closely with Security Bank to support the growth of the Philippines' wealth management sector."

United Security Bancshares Reports Fourth Quarter and Year-To-Date 2023 Earnings

Retrieved on: 
Thursday, January 25, 2024
Banking, Professional Services, Finance, United Security Bancshares, Security Bank

The Board of Directors of United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, reported today operating results for the quarter and year ended December 31, 2023.

Key Points: 
  • The Board of Directors of United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, reported today operating results for the quarter and year ended December 31, 2023.
  • For the full release, please visit UBFO Investor Relations https://investors.unitedsecuritybank.com/Q42023-PR/ .

Glacier Bancorp, Inc. Announces Fourth Quarter Earnings Release And Conference Call

Retrieved on: 
Tuesday, January 16, 2024
Buena Vista, Colorado, GBCI, Byline Bank, Bank, Glacier Bancorp, First Community Bank, First State Bank, Coeur, Security Bank, First Security Bank, Webcast, Altabank, ID, American Fork, Utah, Billings, Montana

KALISPELL, Mont., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) will report fourth quarter financial results after the market closes on January 25, 2024.

Key Points: 
  • KALISPELL, Mont., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) will report fourth quarter financial results after the market closes on January 25, 2024.
  • A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, January 26, 2024.
  • Please note that our conference call host no longer offers a general dial-in number.
  • Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register.vevent.com/register/BI418b19026885468085e5f5ca09a5f67e
    To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/2w5869im
    If you are unable to participate during the live webcast, the call will be archived on our website, www.glacierbancorp.com .

Security Bank of Kansas City Expands Partnership with NCR Atleos to Transform Self-Service Banking

Retrieved on: 
Thursday, January 4, 2024
Banking, Fintech, Professional Services, Finance, Ageing, ATM, Security Bank, EVP, ITM, Bank

NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding financial access for financial institutions, retailers and consumers, today announced that Security Bank of Kansas City has selected NCR Atleos ATM as a Service as well as Atleos ITM as a Service to enable simple, convenient self-service banking for customers.

Key Points: 
  • NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding financial access for financial institutions, retailers and consumers, today announced that Security Bank of Kansas City has selected NCR Atleos ATM as a Service as well as Atleos ITM as a Service to enable simple, convenient self-service banking for customers.
  • Security Bank of Kansas City has been serving businesses and consumers in and around Kansas City for 90 years.
  • A growing but aging ATM fleet caused the bank to reconsider the deployment model and strategy behind its self-service banking offerings.
  • Now relying on Atleos for comprehensive ATM and ITM management and deployment as well, we will be able to evolve our self-service strategy with greater efficiency and ease,” said Thomas Davies, EVP/Chief Retail Officer at Security Bank of Kansas City.

1st Security Bank Appoints Dan Icasiano to the Position of SVP, Director of Treasury Management

Retrieved on: 
Monday, December 18, 2023
SVP, Security Bank, Bank, Treasury management, Food Lifeline, Humanity, Treasury, Government, Cryptocurrency

MOUNTLAKE TERRACE, Wash., Dec. 18, 2023 (GLOBE NEWSWIRE) -- 1st Security Bank (‘the Bank’) is pleased to announce the appointment of Dan Icasiano to the position of SVP, Director of Treasury Management, effective November 27th.

Key Points: 
  • MOUNTLAKE TERRACE, Wash., Dec. 18, 2023 (GLOBE NEWSWIRE) -- 1st Security Bank (‘the Bank’) is pleased to announce the appointment of Dan Icasiano to the position of SVP, Director of Treasury Management, effective November 27th.
  • Dan Icasiano’s history of more than thirty years in the banking industry and treasury management services provides a wealth of expertise to 1st Security Bank.
  • CEO, Joe Adams commented, “Dan believes in providing customized deposit solutions for our business customers.
  • Given his expansive knowledge and experience with product development and operational efficiencies, Dan is well-positioned to help guide the Bank in our continued growth.”
    Dan was instrumental in launching and developing treasury management at two other financial institutions.