Sound Credit Union (Sound), a prominent financial institution headquartered in Tacoma, Washington, has officially completed its acquisition of Washington Business Bank (OTCPK: WBZB), based in Olympia, Washington. This significant transaction, finalized late last week, marks a strategic milestone for both…
Gantry, Inc. (Gantry), a leading national full-service commercial mortgage banking firm, has bolstered its presence in Southern California by integrating the operations of Westcap Corp (Westcap) into its platform. This strategic move significantly enhances Gantry’s correspondent-driven loan production, adding more…
United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, has announced it has received all necessary regulatory approvals for its proposed merger with Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank. “We are pleased…
Commonwealth Bank of Australia (CBA) has highlighted the transformative impact of artificial intelligence (AI) on its services, improving customer experiences for its 10 million-plus customers. At a strategic update in Sydney, CBA showcased how AI is delivering a range of…
CIBC Innovation Banking has announced a US$13 million growth capital investment in Practice Better, a leading all-in-one practice management platform tailored for health and wellness professionals. The funding will accelerate Practice Better’s expansion into new markets and foster advancements in…
Danske Bank, Denmark’s largest financial institution, has reinforced its partnership with ActiveViam to enhance its capabilities in advanced analytics for liquidity stress testing. This collaboration is set to deliver cutting-edge solutions, enabling the bank to strengthen its risk management framework…
Nexo, a leading digital asset investment platform, has announced the launch of the industry’s first personal USD accounts. This new service allows customers in over 150 countries to seamlessly make bank transfers to and from their personal USD account in…
Exchange Bank Declares Fourth Quarter Cash Dividend and Reinforces Commitment to Community Support The Board of Directors of Exchange Bank has declared a quarterly cash dividend of $1.30 per share on its outstanding common stock. Shareholders of record at the…
HarborOne Bancorp, Inc., the parent company of HarborOne Bank, has announced that Inez Friedman-Boyce has been named one of the Top 50 Women Leaders in Banking by Women We Admire. This prestigious recognition celebrates Friedman-Boyce’s outstanding contributions to the banking…
Credit Benchmark, a leading provider of credit risk data and analytics, has announced the appointment of Joe Proctor as Head of Banking for the EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions. Proctor, who will be based in…
First Foundation Inc., a financial services company with two wholly owned operating subsidiaries—First Foundation Advisors and First Foundation Bank—has announced the appointment of Thomas C. Shafer as its new Chief Executive Officer (CEO). This transition follows the retirement of Scott…
Marathon Asset Management (“Marathon”), a global credit manager with over $23 billion in assets under management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $79 billion in total assets, have successfully closed a senior-secured…
