Greater Community Bancorp

JASON BIRNBAUM APPOINTED PRESIDENT OF THE PRIVATE BANK AT FLAGSTAR BANK, N.A.

Retrieved on: 
Thursday, November 9, 2023
Greater Community Bancorp, NYSE, Senior, Commercial, New York Community Bank, Private banking, Flagstar Bank, First Republic Bank, Getaped.com, Inc. v. Cangemi, NYCB, Flagstar, Bank

HICKSVILLE, N.Y., Nov. 9, 2023 /PRNewswire/ -- Flagstar Bank, N.A. ("Flagstar"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") announced today the appointment of Jason Birnbaum to Executive Vice President and President of the Private Bank effective immediately. In his new role, Jason will be responsible for the day-to-day management and oversight of all private client banking teams. He joined Flagstar earlier this year from First Republic Bank, after a 16-year tenure, where he led a team of private bankers, catering to a wide variety of clients, including high-net worth individuals and their businesses. With more than 25 years' experience in private banking, he is a well-respected industry veteran with a proven track record in winning and growing businesses. He succeeds Senior Executive Vice President and President of Commercial and Private Banking, Eric Howell, who will transition to a non-executive advisory role for the Company.

Key Points: 
  • ("Flagstar"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") announced today the appointment of Jason Birnbaum to Executive Vice President and President of the Private Bank effective immediately.
  • In his new role, Jason will be responsible for the day-to-day management and oversight of all private client banking teams.
  • Senior Executive Vice President and President of Banking, Reggie Davis will assume responsibility and oversight of the Private Banking Group, with Jason reporting directly to him.
  • I am confident that, working closely with Reggie, Jason will strengthen and elevate our Private Banking Group," said Mr. Cangemi.

First Northern Community Bancorp Reports Third Quarter 2023 Net Income of $4.6 Million

Retrieved on: 
Friday, October 27, 2023
Small Business, Banking, Professional Services, Finance, First Northern Bank, Growth, Greater Community Bancorp, Sale, Acquisition, OTCQB, Cryptocurrency, Bank

First Northern Community Bancorp (the “Company”, OTCQB: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported net income of $14.7 million, or $1.01 per diluted share, for the nine months ended September 30, 2023, up 31.5% compared to net income of $11.2 million, or $0.77 per diluted share, for the nine months ended September 30, 2022.

Key Points: 
  • First Northern Community Bancorp (the “Company”, OTCQB: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported net income of $14.7 million, or $1.01 per diluted share, for the nine months ended September 30, 2023, up 31.5% compared to net income of $11.2 million, or $0.77 per diluted share, for the nine months ended September 30, 2022.
  • Net income for the year includes the bargain purchase gain resulting from our acquisition completed in the first quarter of 2023.
  • On an after-tax basis, the bargain purchase gain contributed $1.0 million to net income for the nine months ended September 30, 2023.
  • Net income for the quarter ended September 30, 2023 was $4.6 million, or $0.32 per diluted share, compared to net income of $4.6 million, or $0.31 per diluted share, for the quarter ended September 30, 2022.

Cornerstone Community Bancorp Reports Financial Results For the Third Quarter Ended September 30, 2023

Retrieved on: 
Monday, October 23, 2023
Banking, Professional Services, Finance, Environment, Community Bank, Greater Community Bancorp, OTC Markets Group, Bank, Risk, Rare-earth element, Airline, Life insurance, Cryptocurrency

Cornerstone Community Bancorp (OTC Pink: CRSB) announced today its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Cornerstone Community Bancorp (OTC Pink: CRSB) announced today its financial results for the third quarter ended September 30, 2023.
  • The tax-equivalent net interest margin was 3.68% for the three months ended September 30, 2023 compared to 3.60% for the same period last year.
  • Non-interest income for the quarter ended September 30, 2023 was $369,000 compared to $265,000 for the quarter ended September 30, 2022.
  • Non-interest expense was $3,168,000 for the quarter ended September 30, 2023 compared to $2,699,000 for the same period last year.

M&T BANK APPOINTS DAVID W. HOLLIS AS CHIEF HUMAN RESOURCES OFFICER

Retrieved on: 
Tuesday, October 10, 2023
Goodyear Tire and Rubber Company, Woman, Senior, M&T Bank, Master, PNC, Organizational behavior, Chicago, NYSE, M&T, Acquisition, Federal Reserve Bank, Signature Bank, ESG, University of Illinois Chicago School of Law, Human resources, New York Community Bank, HR, NYCB, Benedictine University, Culture, CHRO, University, Federal Reserve Bank of Cleveland, Flagstar Bank, Marketing, Greater Community Bancorp, Bachelor, BPN, MTB, Corporate services, Retail, National City Bank, Minority, Flagstar, Biophysical environment, Business administration, Management, Social

BUFFALO, N.Y., Oct. 10, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) announced its appointment of David W. Hollis as Chief Human Resources Officer (CHRO), effective today.

Key Points: 
  • BUFFALO, N.Y., Oct. 10, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) announced its appointment of David W. Hollis as Chief Human Resources Officer (CHRO), effective today.
  • Woodrow will continue to serve as Chief Administrative Officer, overseeing M&T's Banking Services, Buffalo Promise Neighborhood (BPN), Corporate Services, Human Resources, and Environmental, Social, and Governance (ESG) teams.
  • "We see human resources as a competitive advantage, and we are excited to have David here to lead this function."
  • Hollis has over 37 years of experience, most recently serving as CHRO at Michigan-based commercial bank, Flagstar Bank.

NEW YORK COMMUNITY BANCORP, INC. TO REPORT THIRD QUARTER 2023 EARNINGS AND HOST CONFERENCE CALL ON OCTOBER 26TH

Retrieved on: 
Monday, October 2, 2023
Greater Community Bancorp, NYCB, Senior, New York Community Bank, NYSE, Rare-earth element, Management

HICKSVILLE, N.Y., Oct. 2, 2023 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it expects to issue its earnings release for the three and nine months ended September 30, 2023 at approximately 7:00 a.m. Eastern Time (ET) on Thursday, October 26, 2023.

Key Points: 
  • HICKSVILLE, N.Y., Oct. 2, 2023 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it expects to issue its earnings release for the three and nine months ended September 30, 2023 at approximately 7:00 a.m. Eastern Time (ET) on Thursday, October 26, 2023.
  • The release will be posted to the Investor Relations portion of the Company's website, ir.myNYCB.com, upon issuance.
  • The Company will conduct a conference call at 8:30 a.m. (ET) on the same date, during which President and Chief Executive Officer Thomas R. Cangemi and Senior Executive Vice President and Chief Financial Officer John Pinto will discuss the Company's third quarter 2023 performance.
  • The conference call will be simultaneously webcast at ir.myNYCB.com and archived through 5:00 p.m. on November 22, 2023.

NEW YORK COMMUNITY BANCORP, INC. UNVEILS REFRESHED LOGO & BRAND IDENTITY FOR THE NEW FLAGSTAR BANK

Retrieved on: 
Tuesday, September 12, 2023
Advertising, Feedback, Flagstar Bank, Greater Community Bancorp, Energy, Public sector banks in India, History, Element, Movement, Customer, Star, Motion, Consumer, Community Bank, NYCB, Flagstar, Signature Bank, Empowerment, NYSE, New York Community Bank

HICKSVILLE, N.Y., Sept. 12, 2023 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company)" and its subsidiary, Flagstar Bank, N.A., ("Flagstar"), today unveiled a modern new visual identity and logo combining the best elements of the three legacy banks. It follows the acquisitions of Flagstar Bancorp, Inc. and Signature Bank by NYCB and signals the unification of the three companies under the Flagstar name and their commitment to helping customers, clients, and communities to take charge and thrive.

Key Points: 
  • HICKSVILLE, N.Y., Sept. 12, 2023 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company)" and its subsidiary, Flagstar Bank, N.A., ("Flagstar"), today unveiled a modern new visual identity and logo combining the best elements of the three legacy banks.
  • That's what our new identity is centered on—creating an energy from the strength of our people, expertise, and acumen.
  • The star in our new logo stands for customer-centricity, the bedrock of our new identity.
  • A Distinctive Color Palette: The bold colors speak to the history of legacy New York Community Bank, infusing heritage colors with an updated, energetic feel.

Santa Cruz County Bank Announces Completion of Holding Company Formation, West Coast Community Bancorp

Retrieved on: 
Monday, August 28, 2023
OTCQX, Greater Community Bancorp, OTC Markets Group, Bank, Corporation, WCCB, Security (finance)

SANTA CRUZ, Calif., Aug. 28, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.

Key Points: 
  • SANTA CRUZ, Calif., Aug. 28, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.
  • Today, the Bank announced the consummation of its holding company reorganization with West Coast Community Bancorp ("WCCB"), effective August 18, 2023.
  • As a result of the transaction, Santa Cruz County Bank has become a wholly owned subsidiary of WCCB, and shareholders of the Bank have become shareholders of the holding company on a "one share for one share" basis.
  • The Board of Directors of West Coast Community Bancorp and Santa Cruz County Bank are identical: Chairman Stephen D. Pahl, Vice Chairman & Corporate Secretary John C. Burroughs, Caroline D. Chapin, Kenneth R. Chappell, Craig French, Thomas N. Griffin, James L. Weisenstein and Santa Cruz County Bank President & CEO Krista Snelling.

FLAGSTAR BANK, N.A. HIRES MICHELE CELESTINO TO LEAD PRIVATE BANKING EXPANSION INTO FLORIDA

Retrieved on: 
Thursday, August 10, 2023
First Republic, Greater Community Bancorp, Knowledge, Commercial, Bank, NYCB, Private banking, Flagstar, First Republic Bank, Senior, New York Community Bank, Flagstar Bank, NYSE, Cryptocurrency

(the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company"), announced today the hiring of Michele Celestino as Executive Vice President and Head of Commercial and Private Banking, Southeast.

Key Points: 
  • (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company"), announced today the hiring of Michele Celestino as Executive Vice President and Head of Commercial and Private Banking, Southeast.
  • In her new role, Michele will be responsible for hiring and client acquisitions for the private banking group in the region.
  • Eric Howell, Senior Executive Vice President and President of Commercial and Private Banking added, "Florida is an ideal market for Flagstar Bank and Michele is the ideal person to lead this initiative.
  • I know she will do an excellent job building out our private banking model within Flagstar's existing franchise in the state."

First Northern Community Bancorp Reports Second Quarter 2023 Net Income of $4.6 Million

Retrieved on: 
Friday, July 28, 2023
Small Business, Banking, Professional Services, Finance, Sale, Greater Community Bancorp, Growth, First Northern Bank, FDIC, Acquisition, Environment, Cryptocurrency, Bank

Net income for the year includes the bargain purchase gain resulting from our acquisition completed in the first quarter of 2023.

Key Points: 
  • Net income for the year includes the bargain purchase gain resulting from our acquisition completed in the first quarter of 2023.
  • On an after-tax basis, the bargain gain contributed $1.0 million to net income for the six months ended June 30, 2023.
  • Net income for the quarter ended June 30, 2023 was $4.6 million, or $0.31 per diluted share, up 28.7% compared to net income of $3.5 million, or $0.24 per diluted share, for the quarter ended June 30, 2022.
  • We are pleased with our performance relative to the 3.55% net interest margin reported for the first quarter of 2023.

Cornerstone Community Bancorp Reports Financial Results For the Second Quarter Ended June 30, 2023

Retrieved on: 
Tuesday, July 25, 2023
Banking, Professional Services, Finance, OTC Markets Group, Greater Community Bancorp, Bank, Risk, Rare-earth element, Life insurance, Cryptocurrency

Cornerstone Community Bancorp (OTC Pink: CRSB) announced today its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Cornerstone Community Bancorp (OTC Pink: CRSB) announced today its financial results for the second quarter ended June 30, 2023.
  • The tax-equivalent net interest margin was 3.73% for the three months ended June 30, 2023 compared to 3.32% for the same period last year.
  • Net interest income increased to $5,541,000 for the quarter ended June 30, 2023 compared to $4,605,000 for the same quarter last year.
  • Non-interest income for the quarter ended June 30, 2023 was $353,000 compared to $266,000 for the quarter ended June 30, 2022.