Banking industry
Independence Community Bank, a leading financial institution in the New York metropolitan area, has undertaken a significant organizational restructuring to bolster its customer focus, expand commercial and consumer operations, and capitalize on the growth opportunities in Northern New Jersey. The bank has successfully integrated the acquisition of Broad National Bank,
Banking industry
Guaranty Bancshares, Inc. has announced the completion of its merger with First American Financial Corporation, a Texas-based financial institution. As part of the agreement, First American shareholders received a total of 351,736 shares of Guaranty Bancshares, Inc. and $3.38 million in cash, valued at approximately $6.9 million.
Banking industry
A Charlotte postal worker, Mark Eisele, is taking First Citizens Bank and Visa to court over debts he incurred while gambling online at Oasis Casino. The lawsuit claims that the bank and Visa allowed their credit cards to be used for online gambling, violating the federal Wire Act. Eisele paid
Banking industry
First American Title Insurance Co., a leading title insurer, has announced plans to acquire Security Land Title Co. in Kansas City, Missouri, expanding its presence in the region. The acquisition, which will retain Security Land's name and brand, is expected to provide enhanced services and opportunities for customers
Banking industry
Morton's Restaurant Group Inc. of New Hyde Park, N.Y. has acquired a prime piece of land on the Southbank to open one of its upscale steakhouse restaurants by June. The 7,800-square-foot project, developed by Morton's of Chicago/Jacksonville LLC, will seat 220 patrons and
Banking industry
Troy-based Standard Federal Bank, a subsidiary of ABN AMRO Bank N.V., has named Joshua D. Eichenhorn as Senior Vice President and Commercial Credit Officer of its Commercial Banking Group. Eichenhorn brings twelve years of banking experience to his new role, having previously held positions at LaSalle Bank N.A.
Banking industry
The recent economic downturn has prompted several leading companies to adjust their operations in response to depressed market conditions. Cleveland-Cliffs Incorporated, the largest supplier of iron ore products in North America, has announced the closure of three of its managed mines due to decreased demand. Meanwhile, The Provident Financial Group
Banking industry
The Choctaw Nation, in collaboration with Washington Mutual, Freddie Mac, First Americans Mortgage Corporation, and PMI Mortgage Insurance Co., has launched a seven-state expansion of the Choctaw Homebuyers Advantage Program (CHAP). This initiative allows members of the Choctaw Nation to purchase homes with low downpayment requirements and customized qualification criteria.
Banking industry
In a rapidly evolving market, Investor Broadcast Network is at the forefront, providing a platform for over 400 public companies to directly share their investor content with a vast audience of registered users. Founded as Vcall in 1997, the company serves as a leading broadcaster of investor events, catering to
Banking industry
Oak Park-based bank holding company FBOP Corp. is acquiring Chicago-based Sterling Savings Bank after bank regulators moved to auction the $9.8 million-assets thrift. This deal comes after a July 15 "bidders conference" where potential buyers were invited to bid on the deposits of a troubled bank or
Banking industry
When dealing with insurance claims and pension contributions, homeowners and investors can often find themselves entangled in disputes and financial missteps. A recent round of letters to a financial columnist highlights the difficulties people face when trying to navigate these complex issues. Key Takeaways: * Homeowners struggling with insurance claims may
Banking industry
Absa Group Limited, the South African financial services group, has signed a memorandum of understanding with the Tanzanian government to acquire 70% of its shares in the National Bank of Commerce (NBC). The move reflects the growing push by South African companies into Tanzania, which has shown signs of economic
