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.
January 27 – Sageworks, a financial information company that provides loan portfolio and risk management solutions to banks and credit unions, today announced the opening of registration for its 2016 Risk Management Summit. Set for Sept. 14-16 in Austin, Texas, the Summit is the premier banking conference covering the allowance for loan and lease losses (ALLL) and stress testing, and it will feature presentations from industry leaders, panels, roundtable discussions and networking opportunities. (more…)
January 25 – The Electronic Payments Association has launched the NACHA Challenge, a team competition to foster new ways to improve the ACH end-user experience by filling market gaps or removing friction points. The NACHA Challenge is open to innovators, thinkers and practitioners from any entity, including corporates, academic institutions, nonprofits, think tanks, financial institutions, solution providers and others.
November 30 – Signature Bank, a New York-based full-service commercial bank, has announced that President and Chief Executive Officer Joseph J. DePaolo was named the recipient of the Alfred B. DelBello Visionary Award by the Westchester County Association, the leading business membership organization in Westchester County, focused on economic vitality and development in Westchester and the surrounding region.
November 30 – According to new data from the American Customer Satisfaction Index (ACSI), customer satisfaction with the finance and insurance sector continues its slide. The sector, which includes banks, credit unions, life insurance, health insurance and Internet investment services, falls 0.4 percent to 74.8 on ACSI’s 100-point scale, its lowest score in a decade. (more…)