article thumbnail

Integrated Financial finds new buyer in Capital Bancorp

American Banker

Last year, the Raleigh, N.C.-based Capital hopes to expand its government-guaranteed lending with the transaction. based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures.

Raleigh 83
article thumbnail

Growing a new branch

Independent Banker

Ted Whitehurst, Providence Bank president and CEO, led the charge to open a new brick-and-mortar location of the Raleigh, N.C., Location: Raleigh, N.C. When COVID-19 rocked the world in March 2020, Ted Whitehurst was reviewing a lease for a new branch of Providence Bank in Raleigh, N.C. community bank during the pandemic.

Raleigh 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

First Citizens is retaining SVB clients, but cites 'headwinds' to growth

American Banker

Ten months after the Raleigh, North Carolina, company acquired a large chunk of Silicon Valley Bank, it says it is seeing good progress in keeping and winning back the latter's former customers. But the ongoing slowdown in private equity and venture capital activity will challenge the unit's growth.

article thumbnail

Abrigo CEO Wayne Roberts announces retirement

Abrigo

He built a strong leadership team and an employee base that has been recognized consistently as one of the best places to work in Austin, Texas, and Raleigh, N.C., Roberts has led Abrigo through a tremendous growth period as well as through the pandemic and the related transition to a largely remote work environment.

Texas 370
article thumbnail

Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. The first bank to crack the Top 5 over $50 billion did so in 2020.

Fresno 107
article thumbnail

CFPB announces new appointments to advisory groups

CFPB Monitor

According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”

article thumbnail

2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 148