Blake Paulson

Patriot Bank Receives Conditional OCC Approval Required under Merger Agreement with American Challenger

Retrieved on: 
Wednesday, July 6, 2022
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This OCC approval is a requisite regulatory approval under the Merger Agreement.

Key Points: 
  • This OCC approval is a requisite regulatory approval under the Merger Agreement.
  • Michael Carrazza, Patriots Chairman added, The receipt of OCC approval is a significant and necessary milestone that has been achieved toward completing our merger with American Challenger.
  • Patriot is working closely with American Challenger and investors in efforts to meet the remaining closing conditions.
  • Founded in 1994, and now celebrating its 28th year, Patriot National Bancorp, Inc. is the parent holding company of Patriot Bank N.A.

Prudential Bancorp, Inc. Receives Shareholder Approval for Merger with Fulton Financial Corporation

Retrieved on: 
Wednesday, June 15, 2022
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After Fultons acquisition of Prudential Bancorp is complete, Fulton will operate two banking subsidiaries Fulton Bank, N.A.

Key Points: 
  • After Fultons acquisition of Prudential Bancorp is complete, Fulton will operate two banking subsidiaries Fulton Bank, N.A.
  • and Prudential Bank until such time as Prudential Bank is merged into Fulton Bank.
  • Fulton received approval of its application for the bank merger from the Office of the Comptroller of the Currency on June 13, 2022.
  • Prudential Bancorp is the bank holding company of Prudential Bank ( www.psbanker.com ), a Pennsylvania-chartered savings bank with assets of approximately $1.0 billion.

John R. Waldron Joins Southern Michigan Bank & Trust

Retrieved on: 
Friday, June 3, 2022
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COLDWATER, Mich., June 03, 2022 (GLOBE NEWSWIRE) -- Kurt Miller, President of Southern Michigan Bank & Trust recently announced the appointment of John R. Waldron as Jackson Market President.

Key Points: 
  • COLDWATER, Mich., June 03, 2022 (GLOBE NEWSWIRE) -- Kurt Miller, President of Southern Michigan Bank & Trust recently announced the appointment of John R. Waldron as Jackson Market President.
  • Since 2002, Waldron has worked at County National Bank (CNB) in Hillsdale, where he most recently served as President and CEO.
  • Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust.
  • For more information, please visit the Southern Michigan Bank & Trust website at www.smb-t.com.

SoFi Invest Adds More Hours to the Trading Day to Empower Members to Trade on Their Own Terms

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Thursday, June 2, 2022
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SoFi Technologies, Inc. (SoFi), the digital personal finance company, today announced SoFi Invest is rolling out extended trading hours over the coming weeks.

Key Points: 
  • SoFi Technologies, Inc. (SoFi), the digital personal finance company, today announced SoFi Invest is rolling out extended trading hours over the coming weeks.
  • Members will have the ability to trade from 9 AM ET through 8 PM ET, adding 4.5 hours to the trading day, allowing members to trade whenever it is convenient for them.
  • Additionally, extended trading hours allows members to react to activity in foreign markets when it happens vs. having to wait until the following day to make trades.
  • SoFi Invest offers both automated (robo-advising) and active investing (trading) with no fees on stock trading or account minimums.

Workiva Inc. Applauds Bipartisan Introduction of the Financial Data Transparency Act in the U.S. Senate

Retrieved on: 
Thursday, May 26, 2022
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The Financial Data Transparency Act (FDTA) would direct eight major U.S. financial regulatory agencies to adopt uniform, machine-readable data standards for the information they are already required to collect from regulated entities.

Key Points: 
  • The Financial Data Transparency Act (FDTA) would direct eight major U.S. financial regulatory agencies to adopt uniform, machine-readable data standards for the information they are already required to collect from regulated entities.
  • This proposal complements other legislative efforts to transform government data into open, smart, searchable, and downloadable formats without proprietary restrictions.
  • At a time when bipartisan support for issues is hard to come by, the Financial Data Transparency Act demonstrates that innovation and capital market efficiency are areas for agreement, said Workiva Inc. CEO Marty Vanderploeg.
  • We build and deliver the worlds leading regulatory, financial, and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data.

F.N.B. Corporation Named a Standout Commercial Bank for Commitment to ESG

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Tuesday, May 24, 2022
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PITTSBURGH, May 24, 2022 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced that it has been named to Coalition Greenwich's inaugural list of Standout Commercial Banks for Demonstrating Commitment to Environmental, Social and Governance (ESG) Principles and Values. FNB was one of only nine banks in the country to receive the recognition.

Key Points: 
  • Corporation (NYSE: FNB) announced that it has been named to Coalition Greenwich's inaugural list of Standout Commercial Banks for Demonstrating Commitment to Environmental, Social and Governance (ESG) Principles and Values.
  • To identify the standout banks, Coalition Greenwich, formerly Greenwich Associates, asked more than 20,000 small business and middle market executives to assess their banks' commitment to ESG.
  • "Corporate responsibility, including ESG, is a vital cultural and strategic priority for FNB," said Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B.
  • For a comprehensive overview of FNB's community commitment and ESG practices, please review its Corporate Responsibility Report .

Fulton Financial Corporation Receives Regulatory Approvals for Prudential Bancorp, Inc. Acquisition

Retrieved on: 
Monday, May 23, 2022
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Fulton Financial Corporation (NASDAQ: FULT) (Fulton) is pleased to announce that both the Federal Reserve Bank of Philadelphia and the Pennsylvania Department of Banking and Securities have approved the respective applications by Fulton to acquire Prudential Bancorp, Inc. (NASDAQ: PBIP) (Prudential) and, indirectly, to acquire Prudential Bank, located in Philadelphia.

Key Points: 
  • Fulton Financial Corporation (NASDAQ: FULT) (Fulton) is pleased to announce that both the Federal Reserve Bank of Philadelphia and the Pennsylvania Department of Banking and Securities have approved the respective applications by Fulton to acquire Prudential Bancorp, Inc. (NASDAQ: PBIP) (Prudential) and, indirectly, to acquire Prudential Bank, located in Philadelphia.
  • Following the closing, Prudential Bank will be merged into Fultons bank subsidiary, Fulton Bank, N.A.
  • Fulton, the bank holding company for Fulton Bank ( www.fultonbank.com ), with consolidated assets of approximately $26 billion, provides financial services through 200 financial centers in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.
  • Prudential is the bank holding company of Prudential Bank ( www.psbanker.com ), a Pennsylvania-chartered savings bank with assets of approximately $1.0 billion.

Agility Bank Opens as First Minority Depository Institution in the U.S. Primarily Owned and Led by Women--But Serving All

Retrieved on: 
Wednesday, May 18, 2022
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Through this Minority Depository Institution (MDI) charter, Agility's focus will be on serving women and all small and mid-size businesses.

Key Points: 
  • Through this Minority Depository Institution (MDI) charter, Agility's focus will be on serving women and all small and mid-size businesses.
  • Agility Bank opens as first Minority Depository Institution in U.S. primarily owned and led by women, but serving all.
  • Achieving the Minority Depository Institution charter enables Agility to work with other financial institutions and corporations to foster deeper economic growth.
  • Agility Bank is the first primarily women-owned and led bank created for this purpose in the U.S. awarded a special Minority Depository Institution national charter by the Office of the Comptroller of the Currency.

OMWI Reports Highlight Progress in Diversity, Equity and Inclusion

Retrieved on: 
Monday, May 2, 2022
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"The Diversity Assessment Report provides a starting point for regulated entities to set, track and meet diversity, equity, and inclusion goals.

Key Points: 
  • "The Diversity Assessment Report provides a starting point for regulated entities to set, track and meet diversity, equity, and inclusion goals.
  • The 2020 Diversity Assessment Report noted accomplishments with regard to diversity efforts among the entities that submitted responses to the voluntary self-assessment.
  • But to effectively help them achieve their diversity and inclusion objectives, we need greater participation in this self-assessment process."
  • The annual report to Congress summarizes the agencys actions and progress in advancing diversity, equity, and inclusion internally and externally, as well as the goals under its Diversity and Inclusion Strategic Plan.

Century Next Financial Corporation Reports 1st Quarter 2022 Results

Retrieved on: 
Monday, April 25, 2022
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RUSTON, La., April 25, 2022 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the Company) (OTCQX: CTUY), the holding company of Century Next Bank, with $559.4 million in assets, today announced financial results for the 1st quarter ended March 31, 2022.

Key Points: 
  • RUSTON, La., April 25, 2022 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the Company) (OTCQX: CTUY), the holding company of Century Next Bank, with $559.4 million in assets, today announced financial results for the 1st quarter ended March 31, 2022.
  • Total net loans at March 31, 2022 were $463.2 million compared to $437.3 million at December 31, 2021.
  • Total deposits at March 31, 2022 increased $5.1 million or 1.1% to $479.6 million compared to $474.5 million at December 31, 2021.
  • Century Next Financial Corporation is the holding company for Century Next Bank (the Bank) which conducts business from its main office in Ruston, Louisiana.