Banking industry
Stillwater National Bank, a subsidiary of Southwest Bancorp, has announced a strategic alliance with Heritage Trust Company to expand its trust services and customer base. The partnership is expected to augment Heritage Trust's managed assets by $30 to $60 million and increase Stillwater National's ability to
Banking industry
Flagstar Bancorp, the holding company of Flagstar Bank, has opened its newest banking center in Indianapolis, Indiana, as part of its strategic expansion in the region. Located within a Wal-Mart store at 7325 Keystone Ave., the new banking center operates from 10 a.m. to 7 p.m., Monday through
Banking industry
Flagstar Bancorp, a leading bank holding company, has announced the opening of its newest banking center in Indianapolis, Indiana. The new center, located within a Wal-Mart store, marks the company's second banking presence in the Indianapolis area and is part of its ongoing expansion into new markets. The
Banking industry
Walter C. Watkins Jr., the president of Bank One in Michigan and head of Middle Market banking, is retiring after 32 years with the company, effective September 30. Watkins' successor, Richard R. Wade, has been appointed by Bank One Chairman and CEO James Dimon, who praises the talent and
Banking industry
BB&T Corporation has made a significant move in expanding its presence in Atlanta by acquiring and integrating the operations of Premier Bancshares Inc. and First Citizens Corp., both based in metropolitan Atlanta. This strategic acquisition gives BB&T a foothold in the largest metropolitan statistical area in
Banking industry
Flagstar Bancorp, Inc., the parent company of Flagstar Bank, FSB, has been rated as the most profitable publicly traded mid-sized thrift in the country by U.S. Banker. This achievement is attributed to Flagstar's exceptional management team, which has outperformed other mid-sized thrifts by a significant margin. With
Banking industry
Companies including BUCA, Inc., PAR Technology Corporation, Liz Claiborne, Inc., Washington Mutual, Inc., and Immunex Corporation will broadcast their investor conference calls online. The calls, which will take place on July 19, 2000, will be available to listeners through the Investor Broadcast Network's Vcall website. The events will
Banking industry
Dime Bancorp, Inc. has issued a statement in response to Institutional Shareholder Services Inc.'s (ISS) report, vigorously disagreeing with ISS's recommendation on the company's agreement with Warburg Pincus. The company highlights the substantial benefits of the agreement, including a compelling opportunity to increase stockholder
Banking industry
InterWest Bancorp, a Pacific Northwest commercial bank holding company, has successfully merged its banking affiliates, InterWest Bank, Pacific Northwest Bank, and The Bank of Tukwila, into a single commercial bank as of July 1, 2000. This consolidation process marks a significant step in InterWest's journey to becoming the
Banking industry
Andover Bancorp, a Massachusetts-chartered savings bank, has finalized its acquisition of GBT Bancorp, expanding its presence in Essex County and enhancing commercial banking capabilities. The merger, approved by GBT shareholders, was initiated in January and received regulatory approval in June. The acquisition adds $1.7 billion in assets to Andover
Banking industry
Standard Life's demonstration that pro-mutual voters can thwart demutualization plans has cast a shadow over Bradford & Bingley's planned conversion to a bank. With windfalls estimated at a paltry £500-£815, pro-mutuality campaigners argue that the prospective benefit for borrowers will be short-lived, as increased mortgage
Banking industry
Shareholders for First Savings Bancorp (Nasdaq: SOPN) have approved a merger with First Bancorp (Nasdaq: FBNC) at a special shareholders meeting on June 26. The combined entity, to be known as First Bancorp, will operate with First Bank as its major subsidiary. The merger is subject to regulatory approval and
