Fifth Third Bank Cuts Prime Lending Rate to 7.25% Fifth Third Bank, National Association (Nasdaq: FITB) today announced it will decrease its prime lending rate to 7.25%, effective immediately. The rate was last changed on December 18, 2024, when Fifth…
WaFd Bank Receives SBA Preferred Lender Status Approval WaFd, Inc. (Nasdaq: WAFD) (the “Company”), parent company of Washington Federal Bank (“WaFd Bank”), today announced that it has been designated as a Preferred Lender with the U.S. Small Business Administration (“SBA”),…
Cornerstone Capital Bank Wins $140 Million Discrimination Lawsuit Filed by Former Executive A discrimination, retaliation, harassment and wrongful termination lawsuit filed by a former executive at Houston-based Cornerstone Capital Bank ended this week with the ex-employee dropping the lawsuit and…
SMBC’s Christine Ferris Ranked No. 2 on 2025 Most Powerful Women in Banking NEXT List SMBC Americas proudly announced that Christine Ferris, Head of Securitized Products, has been recognized by American Banker as one of the most influential rising leaders…
Tri Counties Bank announced the opening of its newest San Francisco branch in the heart of the West Portal neighborhood at 279 W. Portal Avenue. The new full-service location provides local businesses and residents with greater access to personalized financial…
Coastal States Bank (“CSB”) has announced the promotion of Laura Fraser to Lowcountry Market President. Laura brings more than 15 years of commercial banking experience to her new role, previously serving as CSB’s Regional Credit Officer for its Savannah and…
WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today the addition of industry veteran Kevin Stach to its growing middle market team. As Senior Vice President, Middle Market Senior Relationship Manager, Stach will be focused on…
The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Chris Turner on the sale of Mid-Hudson Subaru in Wappingers Falls,…
Lead Bank, the industry-leading bank serving the world’s top fintechs and digital asset companies, today announced the close of its $70 million Series B fundraising round. The round included new investors, ICONIQ and Greycroft, as well as existing investors Ribbit…
KBRA is pleased to announce the assignment of preliminary ratings to 13 classes of BBCMS 2025-5C37, a $741.5 million CMBS conduit transaction collateralized by 30 commercial mortgage loans secured by 145 properties. The collateral properties are located throughout 40 MSAs,…
Hope Bancorp, Inc. (NASDAQ: HOPE) (the “Company”), the holding company of Bank of Hope (the “Bank”), today announced that Steven S. Koh will be retiring from his position as Honorary Chairman and a member of the Boards of Directors of…
OP Bancorp (the “Company”) (Nasdaq; OPBK), the holding company of Open Bank (the “Bank”), announced that its Board of Directors approved a new stock repurchase program authorizing the repurchase up to 700,000 shares of its common stock (the “Repurchase Program”).…
