Deposits

TIAA-CREF Expands Its Community Bank Deposit Investment Program: Bank Deposits Reach $49 Million at Six Prominent Community Banks Across the Country

February 18th, 2009

TIAA-CREF, the leading provider of retirement services in the academic, medical and cultural fields, announced today that it has more than doubled its Community Bank Deposit Investment Program to $49 million of FDIC insured deposits.
In 2007, TIAA-CREF’s Global Social and Community Investing Department first announced the Program placing its first $22 million in deposits with [...]

TIAA-CREF Expands Its Community Bank Deposit Investment Program: Bank Deposits Reach $49 Million at Six Prominent Community Banks Across the Country

February 12th, 2009

TIAA-CREF, the leading provider of retirement services in the academic, medical and cultural fields, announced today that it has more than doubled its Community Bank Deposit Investment Program to $49 million of FDIC insured deposits.
In 2007, TIAA-CREF’s Global Social and Community Investing Department first announced the Program placing its first $22 million in deposits with [...]

First Horizon Msaver Named 2009 Model Healthcare Bank by Celent

July 10th, 2009

First Horizon Msaver has received the 2009 Model Bank Award in Healthcare Banking from Celent, a Boston-based financial research and consulting firm.
First Horizon Msaver was named a model healthcare bank for its Employer Funding Portal, which is used by employers to deposit employee payroll deductions and employer contributions into individual health savings accounts (HSAs).
The [...]

Heartland Financial Acquires the Elizabeth State Bank Through Its Subsidiary Galena State Bank & Trust Co.

July 6th, 2009

Heartland Financial USA, Inc. based in Dubuque, announced that is has acquired all deposits of The Elizabeth State Bank in Elizabeth, Ill. through its subsidiary Galena State Bank based in Galena, Ill. in a loss-share transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
“Customers can be assured that their deposits are safe and remain [...]

Heartland Financial Acquires the Elizabeth State Bank Through Its Subsidiary Galena State Bank & Trust Co.

July 4th, 2009

Heartland Financial USA, Inc. based in Dubuque, announced today that is has acquired all deposits of The Elizabeth State Bank in Elizabeth, Ill. through its subsidiary Galena State Bank based in Galena, Ill. in a loss-share transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
“Customers can be assured that their deposits are safe and [...]

Mercantile Bancorp Subsidiaries Cited as Top Performers

June 16th, 2009

Mercantile Bancorp, Inc. announced two of its wholly owned subsidiary banks were ranked in the American Bankers Association Journal among the top 100 U.S. community banks in return on average equity (ROAE) in 2008. Brown County State Bank, headquartered in Mt. Sterling, Ill., was ranked 12th nationwide in ROAE among non-subchapter S community banks and [...]

CitiFX ProSM US Dollar Margin Now Covered by FDIC Insurance

February 23rd, 2009

Citi announced that it will offer Federal Deposit Insurance Corporation (FDIC) insurance on US dollar deposits placed as margin for trading on CitiFX Pro, Citi’s online margin FX trading platform. As an additional benefit of dealing with a global market leader in foreign exchange, CitiFX Pro clients will now benefit from insurance on their US [...]

Bank of Ayudhya to Acquire AIG Retail Bank and AIG Card Thailand

February 5th, 2009

Bank of Ayudhya Public Company Limited (BAY) and American International Group, Inc. (AIG) announced an agreement under which BAY will acquire AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited. The transaction, subject to the approval of the Bank of Thailand and BAY’s shareholders, is expected to be completed in April 2009.
Under [...]

Company Profile for First BanCorp

January 31st, 2009

First chartered in 1948, FirstBank was the first S&L institution established in Puerto Rico with a capital of $200,000.
Since its inception the bank played a fundamental role in improving the quality of life in Puerto Rico, by helping thousands of citizens to acquire their first home, thus enhancing their social and economic status.
It converted to [...]

MainSource Bank Expands Its Presence in Kentucky

January 22nd, 2009

Daryl R. Tressler, Chairman, President and Chief Executive Officer of MainSource Bank,announced that MainSource Bank will expand its presence in Kentucky with the purchase of three branch locations from American Founders Bank, Inc. (”AFB”). The transaction includes two branch locations in Frankfort, Kentucky and one branch location in Lawrenceburg, Kentucky. In total, the purchase includes [...]