Eastern News

Ocean Bank Provides $85 Million Construction Loan

June 8 – Ocean Bank and Melo Group has provided an $85 million loan for the construction of Art Plaza Apartments, a residential complex comprising two 34-story towers with 667 multifamily units in the heart of Downtown Miami. The transit-oriented development is situated just west of the Adrienne Arsht Center for the Performing Arts and one block from the Miami-Dade Metromover School Board Station. Construction is underway and is expected to be completed in mid-2019.


‘Those Little Assistances … Which Only Banks Can Give’: A Q&A with the CEO of the Oldest Community Bank in the U.S.

April 30 — Washington Trust, the oldest community bank in the United States, has 21 branch locations in Rhode Island and one in Connecticut, as well as multiple mortgage, commercial lending and wealth management offices located throughout Rhode Island, Connecticut and Massachusetts. BankNews’ contract publications editor, Kristin Rulon, spoke with Washington Trust’s Chairman and CEO, Ned Handy about what it’s like to be part of the oldest community bank in the nation.


Atlanta Fed Adds New Officers

April 27 — Anoop Mishra has been named vice president and regional executive for the Birmingham Branch, and Donna Fay will assume the duties of assistant vice president, corporate secretary, and assistant to President Raphael Bostic and First Vice President Marie Gooding.


What Makes a Bank One of the 15 Best-Run Community Banks?

April 19 — Based on an analysis of data from more than 4,100 banks in the United States, Sageworks has identified the 15 best-run community banks. The standings were based on a combination of return on average assets and efficiency ratio. Banks from 12 states are included in the list.


‘Link to the Future’ Hopes to Inspire Careers in Financial Industry

April 6 — Securities America, La Vista, Neb., has launched “Link to the Future,” a scholarship program that seeks to inspire current advisors’ college-age daughters and sons, as well as other finance-oriented university students, to pursue careers in the financial advice industry. The program will enable recipients to attend the firm’s Connect National Conference in New Orleans from June 3-6.


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