Not understanding cyber-insurance policy riders can come back to haunt covered parties, the Financial Services Information Sharing and Analysis Center reported. In its latest weekly report for community financial institutions, FS-ISAC cites the rise in claim denials by insurance providers and inconsistencies across carriers.

ICBA today announced three new hires. David “Chip” Bartlett will serve as vice president of congressional relations, Sean Murphy as vice president of member relations for the Midwest region, and Leela Vosko as director of marketing engagement.

ICBA today announced the recipients of its 2018 NextGen Scholarship Awards.

Minerva, Ohio–Consumers National Bank announced today that it has promoted Kennie Baker to Assistant Vice President, Commercial Deposit Specialist. Baker will report to Derek Williams, Senior Vice President of Retail Banking and Operations, and will call on businesses in the eastern Stark, Columbiana and Jefferson county markets.

FNBC Bank CEO and President Marty Sellars has announced the bank’s move into Jonesboro with the hire of Brad Snider as Community President and Brock Fletcher as Vice President and Commercial Lender. Headquartered in Ash Flat, Ark., this move marks FNBC Bank’s entrance into the growing Northeast Arkansas market.

The Chelsea Groton Foundation recently presented scholarships to a select group of graduating seniors who represent 19 area high schools. Each of the individuals who applied for the scholarships excelled in academia, leadership and extracurricular activities during their high school years, and plans to pursue college degrees.​

Keshaun R. Clark, Vice President, Business Development Officer, has been recognized by the Alexandria Chamber of Commerce as a 40 Under 40 honoree.

CoastalSouth Bancshares, Inc. (“CoastalSouth”), the parent company of CoastalStates Bank (“CSB”), announced the closing of its merger with First Citizens Financial Corporation (“FCFC”), the parent company of Foothills Community Bank (“Foothills”). Along with the merger of FCFC with and into CoastalSouth, Foothills merged with and into CSB.

Clinton Savings Bank (CSB) recently presented over six hundred dollars to the Neady Cats Organization, located in Sterling, MA. Money was raised by allowing CSB’s employees to participate in a “dress down” day after donating to the cause along with a Bank match. All the proceeds collected will benefit the Neady Cats organization directly and help to provide necessities and medical care for the loving animals in their shelter.

Regal Bank recently promoted Zoraida Duran to assistant treasurer and Bank Secrecy Act (BSA) administrator at their bank headquarters in Livingston, NJ. BSA administrators work with operations and financial managers to ensure compliance with internal and government regulations.

BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm, is proud to announce that Chelsea Groton Bank, has once again secured its highest, 5-star rating. A 5-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. By earning and sustaining this top 5-star rating for 97 consecutive quarters, Chelsea Groton Bank has also procured a “Top 10%” designation. This means that Chelsea Groton Bank has maintained Bauer’s highest rating consistently for longer than 90% of the industry.

Fleetwood Bank is pleased to announce that Reese R. Kauffman, a 2018 Oley Valley High School graduate, has been awarded the 2018 Fleetwood Bank Scholarship. Fleetwood Bank is committed to provide scholarships in the local communities to help families offset the cost of post-secondary education; as well as demonstrate its commitment to the communities we serve.

The Chelsea Groton Foundation awarded $189,585 in grants to 67 non-profit organizations from Connecticut and Rhode Island this spring. This dollar amount marks the greatest total awarded to area organizations in a single giving cycle since the Chelsea Groton Foundation was founded. Inclusive of these donations, the Foundation has provided over $2.8 million in total grants to the community since 1999. The Foundation reviews applications and awards grants two times per year.

The State Bank is proud to announce the promotion of Linda Gregory to Vice President. Linda joined the bank in April 1991 as a teller before moving to the credit department, and during her tenure has consistently grown in her role, going from Information Coordinator to Department Manager. In her new position, Gregory will be responsible for overseeing staff workflow on an ongoing basis, compiling various management reports, and managing regulatory and compliance requirements for the loan servicing department, among many other duties.

The State Bank is proud to announce the promotion of Stephanie Domina to Officer. Stephanie joined the bank is November 2015 as a branch manager in Birch Run, and more recently moved to The State Bank Chesaning branch to serve as manager there. During her tenure, she has consistently grown in her role. In her new position, Domina will be responsible for normal day-to-day branch activity and employee growth, as well as the facilitation of mortgage renewals.

The State Bank is proud to announce the promotion of Brooke Jansen to Assistant Vice President. Brooke joined the bank in December 2002 as a part-time teller while attending college, and by 2006 was a full-time financial service representative. In 2009, Jansen completed all licensing and certifications to become an associate advisor in the wealth management division before becoming a branch manager as well. She is well versed in all facets of The State Bank’s retail operations, and in her new role will manage all retail operations in the Great Lakes Bay Region branches.