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.
March 24 – The Wells Fargo/Gallup Investor and Retirement Optimism Index is at a 16-year high following a 30-point increase from fourth-quarter 2016 to +126 in the first quarter. Investors are now the most optimistic they have been about the U.S. investment climate since the dot-com boom in November 2000, when the index was +130.
February 14 – NACHA—The Electronic Payments Association has announced the election of new officers to its Board of Directors. The Board oversees the governance and administration of NACHA and addresses topics of strategic significance to the ACH Network. It consists of 19 directors representing a diverse set of depository financial institutions of all sizes and types that use and support the ACH Network.
January 24 – FinXTech, powered by Bank Director, has announced its 2017 Advisory Group comprised of a select number of technology startup founders, established technology providers, innovation leaders in banking, investors and government and non-government policy leaders – all of which make up the FinXTech ecosystem.
By Toni Lapp
If your bank is struggling to expand its base, consider the tactic of Pittsburgh-based PNC Bank. As Chris Hill, PNC experiential sales channel manager, tells it, he’d been going to “lifestyle events” – art fairs, marathons, music festivals and the like — to talk banking with people over the course of several years.
October 14 – The Independent Bankers Association of Texas recently held its 42nd annual convention at La Cantera Hill Country Resort in San Antonio. At this annual gathering attended by 700 community bankers and industry representatives, new officers and directors who will serve through 2016-2017 were elected and several awards were presented.
October 10 – Online Banking Solutions has announced that BankUnited, headquartered in Miami Lakes, Florida, has selected OBS to complement its commercial online banking systems with event-based information delivery and secure file transfer with file mapping.
September 14 – Regions Bank, together with Fundation Group LLC, a digitally-enabled small business lender, and TruFund, a Community Development Financial Institution (CDFI), have jointly announced a first-of-its-kind agreement to provide small-dollar loans to underserved small businesses.
August 11 – ICBA Bancard, the payments services subsidiary of Independent Community Bankers of America, announced that its credit card bank, TCM Bank, N.A., has acquired the agent bank portfolio of Fifth Third Bank. The purchase marks the largest credit card acquisition in TCM’s history, bringing its total assets to $292 million.