May 26 – Resolute Reverse, a department of Resolute Bank, has developed and launched a new proprietary software called ReverseWorks™, offering unlimited access to the bank’s loan officers, operations and management teams. At a time when competition in the industry is increasing, this technology is a valuable tool that creates streamlined communication during the processing, underwriting and closing stages of the loan. This revolutionary software allows loan officers to focus more of their time assisting their senior clients.
May 26 – BBVA Compass shored up its commitment to alleviating Colorado’s affordable-housing crisis, closing a $1.8 million equity equivalent investment this month in the Mile High Community Loan Fund so that the organization can continue to give affordable-housing developers access to the capital they need.
May 24 – First Merchants Corporation has successfully completed its previously announced merger with The Arlington Bank of Columbus, Ohio. In connection with the merger, The Arlington Bank has merged with and into First Merchants Bank. The combined First Merchants Bank now has 108 banking centers in Illinois, Indiana and Ohio and approximately $7.6 billion in assets, $5.5 billion in loans, $5.9 billion in deposits, and total shareholders’ equity of $1.0 billion. The full integration of The Arlington Bank under the First Merchants brand is expected to be completed during the 3rd quarter of 2017.
May 17 — A De Novo Bank was approved by Texas Banking Commissioner Charles G. Cooper. Subject to the granting of deposit insurance by the FDIC, The Bank of Austin is expected to open this summer with a minimum capital of $31 million. Organizers are J. Bruce Bugg Jr., who will serve as chairman, Jon Eckert, president and CEO, Robert Cavender, Gene Dawson Jr., David Spencer and Brent R. Given.
May 15 — The Conference of State Bank Supervisors announced five student teams as finalists in its nationwide Community Bank Case Study Competition. The college teams are: Bloomsburg University of Pennsylvania, Iowa State University, Kutztown University (Pa.), Texas Tech University, and University of Akron (Ohio).
May 15 – BMO Harris Bank has launched a new suite of consumer checking products, which is tailored to match the lifestyles of customers and focused on bringing simplicity to banking at any stage of life.
May 15 – Fiserv, Inc., a leading global provider of financial services technology solutions, has announced that First National Bank of Pandora, headquartered in Pandora, Ohio, has selected Fiserv as its new technology partner. The bank, which has $153 million in assets, is furthering its focus on efficiency by moving to the Premier® core account processing platform from Fiserv and consolidating multiple vendor relationships. This will speed up and simplify processes for staff and facilitate integration between solutions, enabling a seamless customer experience.
May 15 – Many studies show that nearly two-thirds of Americans don’t have a will, and even fewer have created a full estate plan. Fifth Third Bancorp understands that many people say the process is too complex and too-time consuming, so the bank created Fifth Third LegacyLink, a digital platform that provides a simple, straightforward approach to estate management.
May 11 – Aided by results of a far-reaching survey, the Nebraska Bankers Association mapped out the road ahead in a dramatically changing industry at the recent annual convention in Omaha. (more…)
By Kristin Rulon
When Shauna Stephenson was 17, she walked into a branch of a local bank to make a transaction. She must have made a good impression, because she left with a job offer from the branch manager. (more…)