April 5 – The Independent Community Bankers of America have announced the promotion of Joseph Schneider, director of state relations, to vice president of state relations. In his new role, Schneider, who has been with the association since 2009, will continue to serve as the primary liaison between ICBA and its network of 46 affiliated state and regional partner associations.
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Nov 4 – Pioneer Financial Services, a subsidiary of MidCountry Financial Corp., has announced that Joe Freeman will serve as president of the company effective Oct. 29, 2010. While he has served as president of Pioneer Financial Services’ subsidiary companies, Freeman will now add the responsibility of president of the holding company, as well as continue his role as chief operating officer. Freeman assumes the position from Thomas H. Holcom, who has been named chairman.
January 12 – Panasonic, an industry leader in reliable and innovative mobile computers for retail, has launched the Toughpad FZ-R1, the industry’s first 7-inch all-in-one mobile POS tablet running Windows 8.1 for retail environments and to meet the changing omni-channel customer expectations while providing secure transaction capabilities.
October 28 – As more small business owners adopt payment technologies to alleviate cash flow issues, a recent survey of 1,268 small businesses ranked Visa/MasterCard as the top payment brand most supportive of small business (29 percent). PayPal (23 percent) and Square (16 percent) ranked second and third respectively, with American Express ranking fourth (5 percent). PayPal and Square’s prominent rankings could indicate a shift toward mobile payment brands is under way in the small business community, as together they represent 39 percent, indicating one or both brands could displace Visa/MasterCard in the coming years. Some reasons driving this shift are convenience and simplicity.
October 27 – The Independent Bankers Association of Texas recently held its 40th annual convention at the Worthington Renaissance Fort Worth Hotel. At this annual gathering attended by nearly 700 community bankers and industry representatives, new board members that will serve through 2014-2015 were elected and a variety of awards were presented.
October 27 – The Subchapter S Bank Association has announced an exclusive relationship with Unwired Nation to promote the company’s Unwired Banking solution for mobile banking to more than 2,300 community banks in the U.S. The Association, dedicated to the promotion of issues affecting community banks organized as subchapter s taxable entities, made the announcement here at its 17th annual conference.
October 21 — Members attending the American Bankers Association’s annual convention in Dallas have elected new ABA officers and directors to serve on ABA’s board for the 2014-2015 association year. The new officers are:
October 20 – Main Street Batesville Inc. and Habitat for Humanity of Independence County (HFHIC) are one step closer to seeing their respective projects come to fruition thanks in part to generous grants from First Community Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). A check presentation was held recently at First Community Bank’s Harrison Street location.
April 25 – New York Attorney General Eric T. Schneiderman has announced a $7.5 million settlement with Bank of America Corporation’s former Chief Financial Officer, Joe L. Price, regarding the bank’s actions as it sought in 2008 to merge with Merrill Lynch & Co. Despite its top executives’ specific knowledge of mounting losses at Merrill Lynch that were forecast at more than $9 billion, Bank of America failed to disclose that information to shareholders prior to their vote on the proposed merger. The Attorney General also alleged that the bank’s former CEO, Kenneth D. Lewis, and Price misrepresented to shareholders the impact that the merger with Merrill would have on Bank of America’s future earnings.
April 17 – A new research report from Barlow Research investigates the mobile opportunity in the small office/home office (SOHO) segment and makes comparisons across five major banks’ mobile offerings: Wells Fargo, Bank of America, Chase, PNC and U.S. Bank.