The Chief Retail Banking Officer is primarily responsible for the management, supervision, and direction of the retail/consumer products and services division for the purpose of growing loans and deposits, increasing fee income, and controlling expenses. Please circulate this job to any colleagues or contacts you think would be an excellent fit.
The benign credit environment and increase in bank stock value in the aftermath of the U.S. presidential election, has created favorable environment for small bank mergers and acquisitions. Analysts from S&P Global Market Intelligence forecast that the loan yield for small banks will expand by nearly 40 basis points in 2017.
Leveraging the power of social media, OneUnited Bank hosted a Q&A session with President & Chief Operation Officer Teri Williams and Trabian Shorters, the founder & CEO of the BMe Community. Click here to watch the recorded Facebook Live video.
Albina Community Bank is seeking a Senior Universal Banker to support with all over-the-counter banking services as well as with complying with banking laws & regulations.
Albina Community Bank and Beneficial State Bank are taking steps to increase impact in 2017 with several key leadership changes that build on the work of departing Albina CEO Cheryl Cebula. A 30-year banking veteran, Cebula joined Albina in 2003 and most recently returned the bank to strength and stability after the turbulent financial crisis. In preparation for Cebula’s March 31, 2017 departure to pursue other opportunities, her leadership roles are being assumed by Kat Taylor and Dan Skaff, co-CEOs of Beneficial State.
Listen to Lisa Servon, Professor of Urban Planning at the New School, discuss her new book, "The Unbanking of American" on NPR's Fresh Air. The book is an anthropological look at the world of informal banking alternatives targeted at low-moderate income communities. Dr. Servon immersed herself into this world and spent several months working a check-cashing business in the South Bronx and as a payday lender in Oakland.
CDFI-certified Citizens Bancshares is making progress exiting the Troubled Asset Relief Program (TARP). The $407 million-asset company paid about $3.2 million to redeem roughly 4,400 shares of preferred stock from the Treasury Department, representing a $152,000 discount. The company also paid about 11,000 to resolve all accrued and previously unpaid dividends. The Treasury still holds about 7,500 shares of Citizens' preferred stock.
This recent Next City article clearly articulates the value-proposition of community development banks, as financial institutions that take on a triple-bottom line approach, "providing social justice and environmental well-being at the same time as being financially sustainable." CDBA Member Beneficial State Bank is highlighted in the work they have done to attract customers who are focused on aligning their vision for an ethical economy with their personal finances.
Senate Democrats & Republicans alike have assigned new lawmakers to the Senate Banking Committee with Republican Senators David Perdue (GA), Thom Tillis (NC), John Kennedy (LA) and Democratic Senators Brian Schatz (HI), Chris Van Hollen (MD), and Catherine Cortez Masto (NV) have joined the panel for the 115th Congress. Democratic Senator Charles Schumer (NY) will depart to focus on his responsibilities as Senate minority leader.
The Treasury Department has significantly reduced its stake in Broadway Financial Corporation, the Banking Holding Company (BHC) of CDBA Member, Broadway Federal Bank in Los Angeles. The $413 million-asset bank recently disclosed in a regulatory filing that the Treasury sold about 4.7 million shares of its common stock, which reduced the Treasury's stake from 47.4% of total voting shares down to 29.3%.