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Western News - Page 2

Terrance A. Shirey Named President and CEO Of Nevada State Bank

January 6 – Terrance A. (“Terry”) Shirey has been named president and CEO of Nevada State Bank, a division of ZB, N.A. He succeeds Dallas E. Haun, who has served as Nevada State Bank’s CEO over the course of the past decade. Mr. Haun will continue to serve as Nevada State Bank’s Chairman. Mr. Shirey joined Nevada State Bank in 2008 as its chief financial officer, and most recently has served as the bank’s president and chief operating officer.

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California Could Lead Way in Creating Banking Solution for Marijuana-Related Businesses

By Toni Lapp, Senior Editor

January 1 — In November, nine states voted on the legalization of marijuana; ballot measures passed in eight of the states. Marijuana is now legal for recreational or medicinal use in 28 states and the District of Columbia. (more…)

First Foundation Completes Branch Acquisition Transaction

December 12 – First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, has announced the completion of the previously announced acquisition of two branches with approximately $180 million in deposits from Pacific Western Bank. The branches are located in Laguna Hills and Seal Beach, California.

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Ally Bank Introduces New Resources Designed to Help Customers Develop Savings Strategies for Various Life Stages

December 8 – To further emphasize the importance of a comprehensive savings strategy in setting financial goals, Ally Bank, the direct banking subsidiary of Ally Financial Inc., has introduced a series of tools and content focused on helping consumers establish savings priorities and develop a strategy for their financial health through various life stages.

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Bank of the West Earns Recognition As a 2016 Javelin Online Banking Leader in the “Customer-First Banking” Category

December 2 – Bank of the West has been chosen as one of the winners of the Javelin Online Banking Leader awards for financial institutions (FIs) that distinguished themselves from the competition by providing the outstanding online banking experiences for their customers.

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Banks Honored for Ingenuity and Technology Strategy

November 11 – Computer Services, Inc., a provider of end-to-end financial technology solutions, honored three banks for their outstanding approach to technology and service as part of the company’s fourth annual Seeing Business Differently Awards. Illinois National Bank, Salin Bank and Truxton Trust were selected as this year’s winning institutions and were recognized during CSI Customer Conference 2016.

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Bank of the West Helps Clients Find a Purpose in Their Philanthropy

November 11 – As the season of giving draws closer and year-end tax planning shines a spotlight on philanthropy, Bank of the West Wealth Management Group is helping clients think beyond charitable giving and consider how individuals and organizations can align their values with their portfolios. Through purpose-built philanthropy, Bank of the West educates and empowers investors to think strategically and holistically about philanthropic goals and identify ways to deploy capital to meet those goals – aligning values and meaning with various asset classes.

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Citi Launches Global API Developer Hub to Enable Open Banking

November 11 – Citi has announced the launch of a new global API Developer Hub (developer.citi.com) to rapidly connect with developers and enable them to build innovative client solutions faster than ever before. The global developer platform is one of the most comprehensive to date in the financial services industry.

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Opus Bank Named Official Bank of the Pac-12 Conference

September 30 – Opus Bank has been named the Official Bank of the Pac-12 Conference , the exclusive bank sponsor of the Pac-12, and sponsor of the Pac-12 Networks.

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FirstBank’s “90 Seconds to Success” Business Video Contest Returns

September 27 – FirstBank, Colorado’s second largest bank and one of the nation’s largest privately held banks, has announced the return of its popular business video competition. Renamed “90 Seconds to Success,” the contest will award two companies—one in Colorado and one in Arizona—$20,000 each. Runners-up in both states will receive $2,500.

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