Blake Paulson

SoFi Completes Acquisition of Golden Pacific Bancorp, Inc.

Retrieved on: 
Wednesday, February 2, 2022
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SoFi Technologies, Inc. (SoFi), the digital personal finance company, today announced the completion of its acquisition of Golden Pacific Bancorp, Inc. (OTCPK: GPBI) and its wholly owned subsidiary Golden Pacific Bank, National Association (Golden Pacific Bank and together with Golden Pacific Bancorp, Inc., GPB).

Key Points: 
  • SoFi Technologies, Inc. (SoFi), the digital personal finance company, today announced the completion of its acquisition of Golden Pacific Bancorp, Inc. (OTCPK: GPBI) and its wholly owned subsidiary Golden Pacific Bank, National Association (Golden Pacific Bank and together with Golden Pacific Bancorp, Inc., GPB).
  • With this transaction, Golden Pacific Bank has been renamed SoFi Bank, National
    Association (SoFi Bank, N.A.)
  • and Golden Pacific Banks community bank business will now operate as a division of SoFi Bank, N.A.
  • Golden Pacific Bank President and Chief Executive Officer Virginia Varela will continue to lead the Golden Pacific Bank community bank business under the direction of Chad Borton, who will serve as President of SoFi Bank, N.A.

BayFirst Financial Corp., Parent Company of St. Petersburg-Based First Home Bank, Announces Key Executive Promotions

Retrieved on: 
Tuesday, February 1, 2022
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ST. PETERSBURG, Fla., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Just days after announcing record-breaking earnings for the year 2021 and its 23rd consecutive quarterly cash dividend, BayFirst Financial Corp. (f/k/a First Home Bancorp, Inc.) (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of First Home Bank (“First Home” or the “Bank”) is pleased to announce strategic promotions of two individuals who have played pivotal roles in the Company’s overall success to date.

Key Points: 
  • Tom will oversee all product delivery and support functions of the Bank, while Anthony N. Leo remains CEO of BayFirst.
  • In her new role, she will focus on enhancing operational efficiencies and improving communication of operating changes in the Company.
  • Robin has been a key player in the Companys operational decision-making and strategy since joining the team in 2018, added Leo.
  • BayFirst Financial Corp. (f/k/a First Home Bancorp, Inc.) is a registered bank holding company which commenced operations on September 1, 2000.

StarCompliance Appoints Stuart Breslow as New Board Member

Retrieved on: 
Tuesday, February 1, 2022
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Rockville, Md., Feb. 1, 2022 /PRNewswire/ -- StarCompliance ("Star"), a leading provider of compliance technology solutions to the financial services industry, announced the appointment of Stuart Breslow as its new board member.

Key Points: 
  • Rockville, Md., Feb. 1, 2022 /PRNewswire/ -- StarCompliance ("Star"), a leading provider of compliance technology solutions to the financial services industry, announced the appointment of Stuart Breslow as its new board member.
  • "Stuart will be an incredible addition to Star's board of directors with his extensive experience managing large, complex global financial institutions and relationships," said Star CEO Jennifer Sun.
  • "Stuart truly understands the demands of the chief compliance officer their challenges, how regulations change, the rigor of the job.
  • "The Star team is taking incredible initiatives in the employee compliance market," said Stuart Breslow, newly appointed member of the StarCompliance board of directors.

Old National and First Midwest Receive Final Regulatory Approval for Merger of Equals

Retrieved on: 
Thursday, January 27, 2022
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and CHICAGO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (Old National) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (First Midwest) (NASDAQ: FMBI), today announced that their merger of equals transaction, announced on June 1, 2021, has received Federal Reserve approval.

Key Points: 
  • and CHICAGO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (Old National) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (First Midwest) (NASDAQ: FMBI), today announced that their merger of equals transaction, announced on June 1, 2021, has received Federal Reserve approval.
  • With this final regulatory step completed, the merger is expected to occur on or before March 1, 2022, subject to customary closing conditions.
  • Post-closing, the combined organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Evansville and Chicago.
  • Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana.

Old National and First Midwest Receive Final Regulatory Approval for Merger of Equals

Retrieved on: 
Thursday, January 27, 2022
Old National Bank, Name, Old, CEO, Result, First Midwest Bancorp, Trust, Forward-looking statement, Partnership, Financial condition report, Comptroller, COVID-19, Investor relations, Risk, Securities Exchange Act of 1934, U.S. Securities and Exchange Commission, Securities Act of 1933, Private Securities Litigation Reform Act, Ethisphere Institute, Accounting, NASDAQ, Currency, Treasury, Goal, First, Blake Paulson, Analysis, GLOBE, Federal Reserve, Financial services, Bank, Risk management

and CHICAGO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (Old National) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (First Midwest) (NASDAQ: FMBI), today announced that their merger of equals transaction, announced on June 1, 2021, has received Federal Reserve approval.

Key Points: 
  • and CHICAGO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (Old National) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (First Midwest) (NASDAQ: FMBI), today announced that their merger of equals transaction, announced on June 1, 2021, has received Federal Reserve approval.
  • With this final regulatory step completed, the merger is expected to occur on or before March 1, 2022, subject to customary closing conditions.
  • Post-closing, the combined organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Evansville and Chicago.
  • Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana.

Century Next Financial Corporation Reports Year-End 2021 Results

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Wednesday, January 26, 2022
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RUSTON, La., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the Company) (OTCQX: CTUY), the holding company of Century Next Bank, with $553.5 million in assets, today announced financial results for the year ended December 31, 2021.

Key Points: 
  • RUSTON, La., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the Company) (OTCQX: CTUY), the holding company of Century Next Bank, with $553.5 million in assets, today announced financial results for the year ended December 31, 2021.
  • Total net loans at December 31, 2021 were $437.3 million compared to $420.4 million at December 31, 2020.
  • Total deposits at December 31, 2021 increased $33.4 million or 7.6% to $474.5 million compared to $441.1 million at December 31, 2020.
  • Century Next Financial Corporation is the holding company for Century Next Bank (the Bank) which conducts business from its main office in Ruston, Louisiana.

Trustmark National Bank and Agility Bank (in organization) Enter Strategic Collaboration Agreement

Retrieved on: 
Thursday, January 27, 2022
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Trustmark National Bank, a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS:TRMK) and Agility Bank (in organization) are pleased to announce that the companies have entered a strategic collaboration agreement to highlight the strengths and deepen the community commitment of both banks as part of the Project REACh Initiative with the Office of the Comptroller of the Currency.

Key Points: 
  • Trustmark National Bank, a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS:TRMK) and Agility Bank (in organization) are pleased to announce that the companies have entered a strategic collaboration agreement to highlight the strengths and deepen the community commitment of both banks as part of the Project REACh Initiative with the Office of the Comptroller of the Currency.
  • Agility Bank (in organization) will be the first primarily women-owned and led Minority Depository Institution (MDI) organized for this purpose in the U.S.
  • The collaboration between Trustmark and Agility Bank is an excellent way to highlight our continued commitment to women and minorities who have formed companies that greatly support the economy, said Dewey.
  • Trustmark provides banking, wealth management and insurance solutions through its subsidiaries, including Trustmark National Bank, Trustmark Investment Advisors, Inc., and FBBINSURANCE.

Women-Owned Agility Bank (In Organization) to Launch the Community Business Bank of the Future with Numerated

Retrieved on: 
Tuesday, January 18, 2022
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Agility Bank (in organization) will offer seamless digital lending experiences to clients using Numerated as its primary origination platform for its full suite of business banking products.

Key Points: 
  • Agility Bank (in organization) will offer seamless digital lending experiences to clients using Numerated as its primary origination platform for its full suite of business banking products.
  • Agility Bank (in organization) is committed to bringing the community bank of the future to small- and medium-sized businesses with a focus on those owned by women and minorities.
  • We're humbled to be their primary origination platform to deliver on their vision for launching the community business bank of the future."
  • With a focus on community business banking, the bank will serve all small and mid- size business owners.

Valley National Bancorp Receives Shareholder Approval in connection with the Acquisition of Bank Leumi USA

Retrieved on: 
Friday, January 14, 2022
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NEW YORK, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (Valley) announced today its shareholders approved the issuance of Valley common stock in connection with the previously announced acquisition of Bank Leumi Le-Israel Corporation, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA.

Key Points: 
  • NEW YORK, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (Valley) announced today its shareholders approved the issuance of Valley common stock in connection with the previously announced acquisition of Bank Leumi Le-Israel Corporation, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA.
  • Valley had previously announced receipt of regulatory approval from the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency.
  • As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with over $41 billion in assets.
  • Bank Leumi Le-Israel Corporation is the U.S.-based holding company for Bank Leumi USA, a New York state chartered bank offering a full range of commercial loan and deposit products.

Former Office of Comptroller of the Currency Ombudsman Writes about Banks Developing a Fairer Business Model that "Wipes out Fees Altogether" in New Blavity.com article

Retrieved on: 
Thursday, January 6, 2022
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In his Blavity article, he writes, "Imagine for a minute if banks developed a fairer business model that wiped out fees altogether.

Key Points: 
  • In his Blavity article, he writes, "Imagine for a minute if banks developed a fairer business model that wiped out fees altogether.
  • This membership model can save consumers thousands of dollars in fees, money that millions of them need just to make ends meet."
  • "Sam Golden really hits the nail on the head in his new Blavity article," states Fair neobank Founder & CEO Khalid Parekh.
  • In response, Fair is proud to be offering a membership model that can save Americans thousands of dollars over many decades."