Three executive defections, one angry investor at New York bank
Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival. ... Read full article
Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival. ... Read full article
The company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants. ... Read full article
Luis Massiani has been the company's chief financial officer since 2012. ... Read full article
As more consumers order in using such services as Uber Eats and Grubhub, restaurants are selling fewer desserts, drinks and other high-margin items, said CEO Rajinder Singh. ... Read full article
The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments. ... Read full article
While the New York bank has a handle on deposit pricing, Joseph DePaolo said a new accounting standard will play tricks with how it addresses credit quality. ... Read full article
People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans. ... Read full article
In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry. ... Read full article
The San Francisco bank is also bulking up in Florida and Wyoming, no-tax states where many of its affluent clients have retired or have second homes. ... Read full article
The Pennsylvania company will pay $80 million for the parent of USNY Bank. ... Read full article
The New Jersey company will pay $63 million for the parent of Victory State Bank. ... Read full article
Industrial Bank CEO Doyle Mitchell has spent countless hours in New York since his bank bought the failed City National in November, meeting with existing customers and plotting his growth plans. ... Read full article
The New York company will enter Rochester as part of its $35 million purchase of FSB Bancorp. ... Read full article
The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division. ... Read full article
Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers. ... Read full article
In some ways, the moves are natural for tech startups with financial ambitions. Despite the growing success of fintech upstarts hailing from San Francisco, Wall Street institutions remain on top of the financial world. ... Read full article
PiNG Bank, which would be based in Jersey City, is being proposed by former bankers at Cross River Bank, Citigroup and GSL Savings Bank. ... Read full article
The company hired two bankers from CIBC to lead the newly formed group. ... Read full article
Executives are deciding what roles could be relocated to lower-cost hubs such as Plano, Texas; Columbus, Ohio; and Wilmington, Del ... Read full article
The Los Angeles bank is taking its wealth management and entertainment financing businesses to Miami and Long Island as part of its effort to expand nationally. ... Read full article