Safra New York Corporation acquires Delta North Bankcorp

Safra New York Corporation, the holding company of Safra National Bank of New York (“The Bank”), is pleased to announce the successful completion of its acquisition of Delta North Bankcorp, including its subsidiary Delta National Bank and Trust Company. This strategic acquisition is a significant milestone for Safra National Bank and underscores the Bank’s continuous expansion in the private banking and wealth management business. The acquisition strengthens the Bank’s market position among high-net-worth clients in the United States and Latin America, where the Bank has been providing...

Ledyard names Charles Petersen to its Board of Directors

Ledyard Financial Group (Ticker Symbol: LFGP), the holding company for Ledyard National Bank, is pleased to announce that Charles M. Petersen has joined its Board of Directors, effective September 21, 2023. Charles is the former President, CEO and Director of Biddeford Savings Bank, a $500 million mutual bank serving York and southern Cumberland counties in Maine. During his ten-year tenure, he oversaw consistent growth in assets, and expanded and modernized the bank’s locations, branch design...

Manufacturers Bank appoints Olga Tsokova as Chief Financial Officer

Manufacturers Bank, a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) Americas Holding Inc., a member of the SMBC Group, announced the appointment of Olga Tsokova as Chief Financial Officer. A Managing Director, Ms. Tsokova will lead the buildout of a strategic finance framework for the bank that incorporates short- and long-term funding needs, investments, cash flows, profitability, and financial position to meet business objectives. She will report to Sander Pruijs, President of Manufacturers Bank, and...

Umpqua Bank named Nicole Bascomb-Green Head of Community Lending

Hire advances Umpqua’s commitment to provide financial products and services that address affordable housing and access challenges in its communities Bascomb-Green, real estate and banking leader, recently appointed by Governor Jay Inslee as the new chair of the Washington State Housing Finance Commission (WSHFC) Umpqua Bank, a subsidiary of Columbia Banking System Inc, announced the appointment of Nicole Bascomb-Green as Head of Community Lending. In this role, Bascomb-Green is responsible for the management of the community lending team, harnessing Umpqua’s full resources and...

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