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.
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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.
August 14 – Old Point National Bank, serving Virginia, has partnered with IDT911™ , the nation’s premier identity management and data risk management services provider, to provide robust identity monitoring services to customers. Starting on August 24, Old Point National Bank will add LifeStages® Identity Management Services and FraudScout® credit and fraud monitoring to their retail checking line-up.
May 28 – Bob Hatley, president and CEO of Paragon Bank was recently named chairman of the 2015-2016 North Carolina Bankers Association (NCBA) board of directors, which goes into effect June 2, 2015. Rick Callicut, president and CEO of Bank of North Carolina in High Point will serve as vice chair. Additionally, incoming board members will include the following: Continue reading “North Carolina Bankers Association Names New Chairman, Board” »
May 18 – FMSI’s annual Teller Line Study indicates that branch transaction volumes are continuing the year-over-year decline FMSI identified more than a decade ago. Based on a compilation of transaction and labor cost statistics, the study is built from more than 20 years of proprietary data, from financial institutions across the country. This year’s study shows branch transaction volumes have declined more than 45 percent since 1992.
May 11 – DH Corporation has announced that the Florida Bankers Association (FBA) has extended an agreement that endorses five of the company’s consumer, commercial and mortgage lending solutions. The Board of Directors and staff of BancServ, Inc., a wholly-owned subsidiary of the FBA, conduct a rigorous examination process to select a single endorsed solution for each critical area, helping member banks save precious time on vendor evaluation and selection.
May 11 – Iowa First Bancshares Corp., the parent company of First National Bank of Muscatine, Iowa, and First National Bank in Fairfield, Iowa, has yet again been recognized for outstanding financial performance.