Bank holding companies
SR Bancorp, Inc., the holding company for Somerset Regal Bank, has issued a press release setting forth the financial results for the quarter and year ended June 30, 2025. The Company recognized $1.5 million of gains from life insurance proceeds and related interest, and adjusted its allowance for credit
Banks (Finance)
US-based bank holding company Customers Bancorp, Inc. (NYSE: CUBI) has priced an underwritten public offering of 2,189,781 shares of its voting common stock at a public offering price of USD 68.50 per share. The gross proceeds to the company is approximately USD 150m, which will be used
Banks (Finance)
The Office of the Federal Register has issued a notice by the Office of the Comptroller of the Currency and the Federal Reserve System regarding applications to acquire shares of banks and bank holding companies under the Change in Bank Control Act. The notice allows interested parties to express their
Banks (Finance)
Columbia Banking System, Inc., a US-based bank holding company, has successfully closed its acquisition of Pacific Premier Bancorp, Inc., the parent company of Pacific Premier Bank. This strategic expansion widens Columbia's presence in Southern California, solidifying its market leadership in the western US. The combined entity now boasts
Banks (Finance)
Valley National Bancorp, the parent company of Valley National Bank, has announced the appointment of Patrick Smith as Senior Executive Vice President and President of Consumer Banking. In this newly expanded role, Smith will oversee the development of the bank's consumer business strategy, retail banking operations, and drive
Banks (Finance)
Steven S. Koh, a 51-year veteran of the banking industry, will retire as Honorary Chairman and member of the boards of directors of Hope Bancorp, Inc. and Bank of Hope, effective December 31, 2025. Koh, 80, has been instrumental in shaping the company's growth and community involvement since
Bank holding companies
Glen Burnie Bancorp, the bank holding company for The Bank of Glen Burnie, has reported a net loss of $212,000 for the second quarter of 2025, a significant decline from its net income of $153,000 in the first quarter of 2025. Despite this setback, the company's
Bank holding companies
The Bank of Princeton, a NASDAQ-listed company, has released its unaudited financial results for the quarter and six months ended June 30, 2025. Despite a significant credit loss in the second quarter, the bank reported an improvement in net interest income and non-interest income, as well as a reduction in
Banks (Finance)
As BankUnited Inc. prepares for a leadership change, longtime CFO Leslie Lunak has announced her retirement, effective January 1, 2026. James G. Mackey, a seasoned business executive with extensive experience as a CFO, will join the company as Senior Executive Vice President and assume the role of CFO on November
Banks (Finance)
Marquette National Corporation, a diversified bank holding company, has declared a cash dividend of $0.31 per share. The dividend will be payable on October 1, 2025, to shareholders who are on record as of September 19, 2025. This move reflects the company's commitment to returning value to
Banks (Finance)
The Office of the Federal Register has issued a notice stating that several companies have applied to the Board for approval to become a bank holding company and/or acquire the assets or ownership of a bank or bank holding company. The public portions of the applications are available for
Banks (Finance)
United Community Bancorp Inc. has filed an application with the Federal Reserve System to become a bank holding company, a move that would enable the Illinois-based entity to acquire Midland Bancshares Inc. and its subsidiary bank, Midland Community Bank. This regulatory change would allow United Community Bancorp to exercise control
