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.
May 19 – Santa Cruz County Bank has announced that ICBA Independent Banker, published by the Independent Community Bankers of America (ICBA) has recognized the Bank as an ICBA industry top performer in its May issue. Santa Cruz County Bank’s recognition is based on the strength of its competitive banking services and operational efficiencies throughout 2015, which resulted in its rank of 22nd for return on average equity of 13.15%.
May 9 – Leading online lender Lending Club has reported that its board of directors accepted the resignation of Renaud Laplanche as chairman and CEO. His resignation followed an internal review of sales of $22 million in near-prime loans to a single investor, in contravention of the investor’s express instructions as to a non-credit and non-pricing element, in March and April 2016. (more…)
March 16 – DH Corporation, a leading provider of technology solutions to financial institutions globally, has announced that it has finalized integrations with its consumer lending platform, DecisionPro™, and Motivity Solutions – now offering financial institutions a lending-centric business intelligence and reporting solution. Motivity Solutions customized its industry-leading mortgage business intelligence platform, Movation®, specifically for financial institutions using DecisionPro.