Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Bank of Marin Bancorp and American River Bankshares Announce The Signing of a Merger Agreement
American River BanksharesApril 19, 2021 GMT
NOVATO, Calif. and SACRAMENTO, Calif., April 19, 2021 (GLOBE NEWSWIRE) Bank of Marin Bancorp, “BMRC” (Nasdaq: BMRC), parent company of Bank of Marin, “the Bank,” and American River Bankshares “AMRB” (Nasdaq: AMRB), parent company of American River Bank, today announced the signing of a merger agreement. American River Bankshares has ten branches across the Greater Sacramento, Amador and Sonoma County regions, assets of $916.1 million, total deposits of $788.6 million, and total loans of $475.4 million as of March 31, 2021.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Ledyard Financial Group Reports Record Earnings
April 19, 2021 GMT
HANOVER, N.H. (BUSINESS WIRE) Apr 19, 2021
Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record earnings for the first quarter of 2021. Our focus continues to be strengthening our financial position, maintaining our strong liquidity position, and preserving core earnings. Our results demonstrate that our financial condition remains strong and that our core businesses continue to thrive in this prolonged difficult environment. As a community bank we continue to focus on our customers and their financial needs during these highly unusual times. We entered this crisis in a position of strength and remain focused on what we need to do to ensure we are able to support our core constituents. Net income for the quarter ended March 31, 2021, was $1,835,872
Press release content from Business Wire. The AP news staff was not involved in its creation.
Ledyard Financial Group Named One of the Top 25 Bank Boards for Women
April 14, 2021 GMT
HANOVER, N.H. (BUSINESS WIRE) Apr 14, 2021
Ledyard Financial Group (Ticker Symbol: LFGP), the holding company for Ledyard National Bank, is pleased to announce that it has been named as one of the top twenty-five bank boards for women, by
Bank Director, an information resource for directors and officers of financial companies.
According to
Bank Director’s VP of Research, Emily McCormick, “In a new analysis, using its proprietary database of the nation’s 5,000 public, private and mutual bank boards, we identified the 25 bank boards with the highest representation of women.”
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Biz2Credit Small Business Lending Index™ Finds March 2021 Non-PPP Loan Approval Rates Trend .
Biz2CreditApril 13, 2021 GMT
NEW YORK, April 13, 2021 (GLOBE NEWSWIRE) Small business loan approval percentages at big banks ($10 billion+ in assets) rose slightly to 13.5% in March from 13.3% in February 2021, according to the latest
Biz2Credit Small Business Lending Index
™ released today. In comparison, one year ago in March 2020, big banks approved 15.4% of the funding requests they received.
“Traditional big bank lending rose slightly in March, but small business loans are still much harder to obtain now than they were before the pandemic,” said Biz2Credit CEO Rohit Arora, one of the nation’s leading experts in small business finance. “Right now, banks have been focused on making Paycheck Protection Program (PPP) loans to small businesses. These loans are backed by the Tr
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Nations Lending Continues Building Leadership Team with Addition of New Divisional Sales Manager
April 13, 2021 GMT
INDEPENDENCE, Ohio, April 13, 2021 /PRNewswire/ Nations Lending, a leading national full-service mortgage lender, continued to scale its leadership team today with the hiring of Randy Koerner. Randy will play a direct role in building dynamic sales as well as supporting the company’s branch development and sales growth.
Randy comes to Nations after what has already been a successful career in consumer lending. Most recently, he spent nine years as the National Sales Manager for Scottsdale, Arizona-based Homeowners Financial Group. Prior to his role with Homeowners, he spent four years with MetLife Home Loans and over 10+ years with Wells Fargo Home Mortgage. Before settling into his finance career, Randy flew as a pilot for the United States Air Force, having received pil