Newsflash Feb. 14, 2013
February 14, 2013
First American International Bank
First American International Bank (FAIB) announced today the planned retirement of its President and CEO, Alfonso Lau. Mr. Lau will remain with the bank until March 2013 to manage an orderly transition to his successor. Mr. Lau will continue as a Director of FAIB and the holding company, First American International Corporation (FAIC). FAIB also announced that Mark Ricca will become its new President and CEO in March 2013. Mr. Ricca joins the bank from Carver Bancorp, Inc., the bank holding company for Carver Federal Savings Bank in New York City, where he was Executive Vice President. Raymond Yu, Chairman of the Board of both FAIB and FAIC, said, "We would like to thank Al for leading us for the past 13 years as we have grown our bank from one branch in Brooklyn to nine branches in three boroughs. We look forward to continuing to successfully serve our depositors and clients as we complete our transition and Mark assumes the helm."
Carver Bancorp Returns to Profitability
Carver Bancorp (CARV) in New York ended a drought by posting a profitable fiscal third quarter. The $640.6 million-asset company earned $474,000 in the quarter after losing $680,000 a year earlier. "We are pleased to report our first quarterly profit since our real estate loan portfolio was severely impacted by the economic downturn," Deborah Wright, Carver's chief executive, said in a press release. "Our positive net income results for the quarter bring Carver's year-to-date results close to break-even. Our loan performance also continued to improve, with nonperforming assets declining 5% from the prior quarter and 30% year-to-date."
Community Bank of the Bay Announces Unaudited 2012 Fourth Quarter and Full Year Earnings
Community Bank of the Bay
Highlights include: Net income for 2012 totaled $1,389 thousand, or $0.19 earnings per share, versus a loss of $6 thousand for 2011. Total assets at December 31, 2012 were $155.1 million compared to $128.5 million at December 31, 2011. Net Interest Margin increased five basis points to 4.50 percent, compared with 4.45 percent for the 2012 Third Quarter and decreased eighteen basis points from 4.68 percent for the 2011 Fourth Quarter. "We are pleased with the Bank's progress in 2012. We have taken important steps in assuring that the Bank has a solid foundation from which to continue its growth. As we look to 2013 we expect to benefit from the increased earning asset base and anticipated cost savings from our new Oakland headquarters while we continue to make investments in personnel, especially in the important San Jose and Mid-Peninsula market areas," stated William S. Keller, President and Chief Executive Officer of Community Bank of the Bay.
This senior position is responsible for developing and implementing a comprehensive plan for building partnerships with New England financial institutions (FIs), including community banks, credit unions, and community development financial institutions (CDFIs), for the purpose of increasing economic and community development lending, investments, and services across the region. The incumbent builds relationships with senior FI representatives to identify industry trends and launch initiatives that lead to increased economic and community development activities. The position requires strong relationship management experience in the financial services or banking industries as well as experience underwriting community development or small business lending or providing financial services to underserved customers.
City of Columbus, Indiana - Director of Community Development (Columbus, Indiana)
The Director of Community Development plans, organizes, and directs the operations and activities of the Department of Community Development for the City of Columbus, Indiana. The Director of Community Development receives direction from the Mayor of the City of Columbus and reports directly to the Mayor. This position hires and manages staff for the Department of Community Development, consistent with relevant city civilian personnel policies and ordinances; directs the preparation of the annual budget for the department, and establishes and maintains effective working relationships with various government and private entities.
Post-Graduate Center for Mental Health - Deputy Director (New York, New York)
In this newly created role the Director will work closely with the CEO and senior management team to oversee and advance PCMH’s permanent low income housing tax credit and supportive housing portfolio, ensuring effective performance of all related operations. He/She will oversee transactions and property management, as well as participate in project development decisions and coordinate relationships between Real Estate, Finance, Legal, Social Service, and external agencies and partners. The agency seeks a seasoned professional who is highly motivated, energetic, and dedicated to helping NYC’s vulnerable populace and who has the experience and knowledge to facilitate the agency’s continued success. The incoming Director should be a sharp, hard working self-starter who is entrepreneurial in nature. This role requires an individual who has both business and politically savvy, as interaction with community and city/government officials will be another core component of the Director’s responsibilities.
The CDBA Newsflash is a service of the Community Development Bankers Association (CDBA). For more information on other members and the work of CDBA please visit www.cdbanks.org. Or write to us at: 1444 I. Street NW, Suite 201, Washington D.C., 20005 or email@example.com.
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