November 5 – SunTrust Banks Inc., Atlanta, has named Scott Hotham to lead its Retail Investments and Premier Banking units. In this newly-created role that consolidates leadership of the two teams, Hotham will report to Brad Dinsmore, head of Consumer Banking, and oversee the bank’s financial advisors, premier bankers and sales teams delivering investments, products and services to mass affluent clients.
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Feb. 10 – The Electronic Transactions Association (ETA), the global trade association of the payments technology industry, has announced the next step in its continued expansion of government relations activities with the hiring of seasoned financial industry and government affairs professional Scott Talbott as the association’s new Senior Vice President of Government Affairs. In this position, Talbott will be responsible for developing and executing ETA’s federal and state legislative and regulatory strategies on behalf of ETA’s more than 500 member companies.
April 8 – Gold Canyon Bank, Gold Canyon, Ariz., has been closed by the Arizona Department of Financial Institutions, which appointed the FDIC as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Scottsdale Bank, National Association, Scottsdale, Ariz., to assume all of the deposits of Gold Canyon Bank.
July 21 – Bank of Scottsdale, an independent community bank with a hometown style, is now being formed to serve local Scottsdale businesses and residents from its Hilton Village Office Park location on McDonald and Scottsdale roads. The bank’s management team of proven executives with more than 70 years combined banking knowledge will bring local focus and banking experience to a market that is receiving continually deteriorating customer service from larger, impersonal financial institutions.
July 28 – New research from TD Bank® reveals that millennials are more conservative with their money than their youth would suggest. In fact, nearly two-thirds are saving cash in order to buy their first home.
July 21 – The Electronic Transactions Association (ETA), the global trade association representing the payments technology world, has released a white paper that explores how ETA member companies are driving financial inclusion and access by using technology to deploy innovative products and services.
July 11 – Sageworks, a financial information company that provides loan portfolio and risk management
solutions to banks and credit unions, has announced Tom Morris, Ph.D., as the keynote speaker for its 2016 Risk
Management Summit. Set for Sept. 14-16th in Austin, Texas, the Summit is the premier conference covering the allowance
for loan and lease losses (ALLL) and stress testing, and will feature presentations, panels, roundtable discussions and
July 5 – Jack Henry & Associates’ ProfitStars® division has announced the ProfitStars Financial Performance SuiteSM. Designed to provide an integrated set of financial tools, this solution enables banks and credit unions to gain a single, concise view of data to better understand consumers and build effective pricing strategies for new transactions.