Security and reliability emerge as top priorities, with more than half of consumers saying they would leave their bank if they were involved in an AI-related scam
Edelman Analyzes 20 Years of 401(k) Data, Trends
June 6, 20246 min
Managed accounts are helping employees of all ages with optimal benefit and uptake closer to retirement age The percentage of managed account members sharing personal data and goals has doubled in the last decade, enabling a more personalized experience to better meets their needs
Dukascopy Welcomes MetaTrader 5: New Trading Dimension
June 5, 20243 min
Following successful completion of Beta testing Dukascopy Bank SA proudly announces the inclusion of MetaTrader 5 (MT5) to our suite of trading platforms, including the outstanding JForex 4 and the popular MT4 platform. This addition marks a significant enhancement in our offerings, providing our clients with access to one of the most advanced trading platforms in the world. MT5 represents a leap forward in trading technology, offering more analytical tools, technical indicators, and the flexibility to...
MidWestOne Financial Group Adds Three Key Executives
June 4, 20246 min
MidWestOne Financial Group, Inc., parent company of MidWestOne Bank, a pre-eminent relationship-driven community bank, is pleased to announce the hiring of three new executive leaders: Paul Ho-Sing-Loy, Executive Vice President and Chief Information Officer; Steve Heimermann, Executive Vice President and Head of Wealth Management; and Elda Macias, Senior Vice President and Chief Marketing Officer. MidWestOne Financial Group has introduced a new strategic plan emphasizing expertise, customer experience and deep relationships, and these hires will propel progress...
National Bankshares Acquires Frontier Community Bank
June 4, 20243 min
National Bankshares, Inc., the holding company for The National Bank of Blacksburg (“National Bank”), completed its acquisition of Frontier Community Bank (“Frontier”) effective June 1, 2024. Following the transaction, valued at approximately $16.07 million, National Bankshares now operates 27 full-service offices along with two loan production offices, and has approximately $1.8 billion in total assets. Under the previously announced terms of the merger, each share of Frontier common stock was converted into $14.48 in cash...
First Guaranty Bancshares, Inc. announced Michael Mineer has been appointed as First Guaranty Bancshares, Inc. and First Guaranty Bank’s President and CEO. He will succeed Alton Lewis, who announced his retirement at the end of May. Mineer has been a part of the First Guaranty family as the Mideast Area President since 2021 and brings over 35 years of banking experience to his new role. Most recently, Mineer served as President and CEO of Citizens...
German American Bancorp Sells Insurance Assets to Hilb Group
June 3, 20245 min
German American Bancorp, Inc. announced and closed the sale of the assets of its wholly-owned subsidiary German American Insurance (GAI) to Hilb Group, an industry-leading insurance broker. The all-cash transaction is for $40 million, and creates a significant after-tax gain, net of transaction costs, of approximately $27 million. The purchase price represents approximately four times 2023 GAI revenues and approximately 24 times 2023 GAI after-tax earnings. “Our decision to partner with Hilb Group for this...
FusionIQ Declared Winner at 2024 Banking Tech Awards USA
June 3, 20244 min
The All-in-One FusionIQ One platform was recognized as a Best-as-a-Service Solution for Wealth Management
Wayne Savings Bancshares, Inc., the holding company of Wayne Savings Community Bank (“Wayne Savings”) and Main Street Financial Services Corp., the holding company of Main Street Bank Corp. (“Main Street Bank”), jointly announced today the closing of their previously announced merger. Mark R. Witmer, the Executive Chairman of Main Street, the resulting institution, said, “This is an exciting day for us as we combine two community banks with a commitment to bring lasting value to...
Change in Aktia’s Executive Committee – new CEO Aleksi Lehtonen to start in his position, Juha Hammarén becomes Senior Advisor As previously announced, Aktia’s new CEO Aleksi Lehtonen will start in his position on 1 June 2024. At the same time, the current CEO Juha Hammarén will transfer to Senior Advisor, focusing on supporting a smooth transfer of the CEO’s responsibilities to Lehtonen. In his new role, Hammarén will continue as member of the Group’s Executive Committee. Aktia’s life...