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Roselle Savings Bank, which has served central and northern New Jersey for nearly 130 years, has changed its name to Roselle Bank as part of its initiative to further enhance customers’ overall banking experience. The change is part of the bank’s strategic repositioning, as its functions extend well beyond the parameters of a typical savings bank. The brand refresh will focus on outlining new capabilities and debuting an array of new banking products for both business and consumer. The bank also has plans for renovations to its company headquarters, new operations center and main office branch located in Roselle, NJ
Meta Financial Group Inc.® (Nasdaq: CASH) ("Meta" or the “Company”) the holding company for MetaBank®, announced today that it completed the previously announced acquisition of Crestmark® Bancorp Inc. and its Michigan state-chartered bank subsidiary, Crestmark Bank. Crestmark has provided business-to-business commercial financing for over 21 years.
ICBA met with staff from the White House and the Office of Management and Budget on the Treasury Department’s proposed regulation to implement a 20 percent tax deduction for shareholders in Subchapter S banks and other pass-through entities.
The number of U.S. data breaches hit a new all-time high in 2017, according to the Identity Theft Resource Center. Identified breaches rose 44.7 percent last year to 1,579.
The Senate this week is scheduled to take up House-passed legislation to extend the National Flood Insurance Program. The House bill would extend the NFIP, which is scheduled to expire on Tuesday, through November.
The FDIC has not developed sufficient strategies for several information technology transitions, the agency’s inspector general said. The Office of the Inspector General said the FDIC failed to adequately address IT security concerns, adequately communicate with agency stakeholders on transitioning to the cloud, or implement an enterprise architecture to guide its IT initiatives. It recommended better coordination and including the agency’s IT plans in its governance processes and framework.
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.
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.
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.
