November 3 – The Office of the Comptroller of the Currency (OCC) has reported improving conditions among community national banks and federal savings associations (FSAs) supervised by the OCC’s Northeastern District that stretches from Maine to South Carolina.
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October 12 – In 1945 Charlie and Howard Cook were successful manufacturers of concrete mixers for the construction trade. During that time, it became difficult for their customers to obtain equipment financing. Charlie and Howard were committed to finding a way to help their customers purchase the equipment they needed. Ever resourceful, the brothers opened a bank to finance their customers’ purchases.
July 8 – Comerica Incorporated has announced the release of its 2013 Sustainability Progress Report on comerica.com. The online report, which updates progress made in several key sustainability areas of focus, highlights Comerica’s achievement of its first greenhouse gas (GHG) emissions reduction goal.
Why invest in PFM? This is one of many questions that banks are currently tossing around about personal financial management technology. Will our customers use it? Where is the return on investment? With traditionally low user adoption rates, many industry pundits have closed the door on the future of PFM. Seems like a nice idea, they say, but not something consumers are going to invest time in.
Dec 11 – (Madison) Banking advocacy expert Michael Semmann has been named senior vice president and chief operations officer effective immediately for the Wisconsin Bankers Association, the state’s largest financial industry trade association. Semmann most recently held the position of vice president – government relations and communications.
Dec 7 – The law firm of Stinson Morrison Hecker LLP, based in Kansas City, Mo., has announced that on Feb. 1, 2013, the firm is opening a new office in the Denver Tech Center at 5613 DTC Parkway, Ste. 970, Greenwood Village, Colo. with the addition of partners Ernie Panasci, Deborah L. Bayles, Zsolt K. Bessko, Perry Glantz and Kristin S. Godfrey, along with four associate attorneys and three staff employees.
Oct 16 – Federal Reserve Board Chairman Ben S. Bernanke spoke at the “Challenges of the Global Financial System: Risks and Governance under Evolving Globalization,” A High-Level Seminar sponsored by Bank of Japan-International Monetary Fund, Tokyo, Japan on Oct. 14, 2012. Read his speech below.
Change was the name of the game when members of the Independent Bankers Association of New York State met for their 38th annual convention recently at the historic Gideon Putnam Resort in Saratoga Springs. While the group’s chairman, Paul Mello, and president and CEO, Frank Capaldo, reported on changes within the association itself, other speakers addressed coping with changes in business in general and specifically in the banking industry.
Sept 11 – Sollen Technologies, an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry, has selected Kristina Sides as regional sales associate. Sides adds six years of mortgage experience and loan product knowledge to Sollen.
June 27 – Fiserv, Inc. (NASDAQ: FISV), a provider of information technology services to the financial and insurance industries, has released preemptive mortgage default resources including, Predictive Risk Index Score Modeling (PRISM) and Home Retention Solutions, that enable financial institutions to proactively identify and contact troubled borrowers with customized repayment solutions to try to keep them out of foreclosure.