NEW YORK, Dec. 3, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Customers Bancorp, Inc. ("Match" or the "Company") (NYSE: CUBI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether Customers Bancorp and certain of its ...

Core Viewpoint - Farmers & Merchants Bancorp announces the retirement of Deborah Skinner, Executive Vice President and Chief Administrative Officer, effective December 31, 2024, after 24 years with the company, and introduces Troy D. Harper as her successor starting December 9, 2024 [1][2][3] Company Leadership Transition - Deborah Skinner will assist with the transition until her retirement, having played a vital role in the company's operations and strategy [2][3] - Troy D. Harper brings over 30 years of operational expertise in financial services, including more than 20 years in commercial and retail banking, and will work closely with Skinner during the transition [2][3] Company Overview - Farmers & Merchants Bancorp, trading on OTCQX under the symbol FMCB, is the parent company of Farmers & Merchants Bank of Central California, founded in 1916, with $5.4 billion in assets [4] - The bank has maintained a 5-Star rating from BauerFinancial for 34 consecutive years, making it one of the safest banks in the nation [4] Dividend Performance - Farmers & Merchants Bancorp has paid dividends for 89 consecutive years and increased dividends for 59 consecutive years, qualifying as a "Dividend King" [5] Industry Recognition - In August 2024, Farmers & Merchants Bancorp was ranked 2 in Bank Director's Magazine's annual "Ranking Banking" study for best-performing banks in the nation [6] - F&M Bank was ranked 6th on Forbes Magazine's list of "America's Best Banks" in 2023, based on metrics measuring growth, credit quality, profitability, and capital [7] - In December 2023, F&M Bank was ranked 4th on S&P Global Market Intelligence's "Top 50 List of Best-Performing Community Banks" in the US [8] Community Engagement - F&M Bank is the 15th largest bank lender to agriculture in the United States and is committed to supporting the agribusiness community in California [10][11] - The bank offers a full range of loan, deposit, equipment leasing, and treasury management products, receiving an "Outstanding" rating in its last Community Reinvestment Act evaluation [12]

United Bancshares Inc. (UBSI) has obtained the requisite regulatory approvals to acquire Piedmont Bancorp, Inc. ("Piedmont"). The transaction is anticipated to be completed in early 2025, with system integration expected to be completed by late first-quarter 2025, subject to customary closing requirements.UBSI’s Piedmont Acquisition DetailsUnited Bancshares announced the acquisition of Piedmont this May in an all-stock transaction valued at $267 million. Also, a one-time pre-tax merger expense of $27.6 mill ...

Core Viewpoint - A class action lawsuit has been filed against Customers Bancorp, Inc. for allegedly making false and misleading statements regarding its anti-money laundering practices and regulatory compliance, which led to investor damages during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of Pennsylvania on behalf of all individuals and entities who purchased Customers Bancorp securities between March 1, 2024, and August 8, 2024 [1]. - Investors have until January 31, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against Customers Bancorp - The lawsuit claims that Customers Bancorp had inadequate anti-money laundering practices, resulting in non-compliance with legal obligations and heightened regulatory risk [3]. - It is alleged that the defendants' statements regarding Customers Bancorp's business, operations, and prospects were materially false and misleading throughout the class period [3].

AMESBURY, Mass., Dec. 2, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq:PVBC), the holding company for BankProv (the "Bank"), today announced that its Board of Directors has adopted a new stock repurchase program. Under the repurchase program, the Company may repurchase up to 883,366 shares of its common stock, or approximately five percent of the current outstanding shares.The repurchase program was adopted following the receipt of non-objection from the Federal Reserve Bank of Boston ...

Bethesda, MD, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc., (the “Company”) (NASDAQ: EGBN), the Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, today announced that Susan G. Riel, President and Chief Executive Officer and Eric R. Newell, Executive Vice President and Chief Financial Officer will participate in the Jefferies Bank Summit on December 9, 2024, and will hold a series of meetings with institutional investors. Management discussi ...

CARMEL, Ind., Nov. 26, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that on January 2, 2025 it will redeem all outstanding shares of its 6.00% (reset to 9.42% as of October 1, 2024) Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock ("Series B Preferred Stock") (Nasdaq: MBINO) at the liquidation preference of $25.00 per share.Dividends on the Serie ...

Editor's note: Seeking Alpha is proud to welcome Relative Value as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.- I am a university graduate with a master's degree in both Physics and Financial Management. - Engaged as a full-time trader/investor for 10 years now, my primary work interest lies in exchange-traded and OTC fixed-income investment vehicle ...

CARMEL, Ind., Nov. 25, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series D preferred stock"), with a liquidation preference of $25.00 per depositary share. As a result of the public offering Merch ...

OPELOUSAS, La., Nov. 25, 2024 /PRNewswire/ -- Catalyst Bancorp, Inc. (Nasdaq: "CLST") (the "Company"), the parent company for Catalyst Bank (the "Bank") (www.catalystbank.com), announced today that the Board of Directors approved the Company's fifth share repurchase plan. "It has been over three years since we embarked on our public company journey. We've set ambitious goals to transform ourselves into a consistently strong performing community bank. High among those goals is focusing our mission on serving ...