Core Viewpoint - Live Oak Bancshares has appointed Ewa M. Stasiowska as the new Chief Risk Officer (CRO), a strategic move to enhance risk management as the company surpasses the $10 billion asset threshold [1][3]. Group 1: Appointment and Background - Ewa M. Stasiowska has over two decades of experience in risk management within regulated financial institutions, previously serving as Senior Managing Director at Webster Bank [2]. - Stasiowska's expertise includes overseeing enterprise, financial, operational, and model risk functions, and she has a proven track record in strengthening governance structures and advancing risk culture [2]. Group 2: Leadership Transition - Greg Seward, who served as both General Counsel and interim CRO, will continue as General Counsel, allowing for a clearer delineation of leadership roles as the company grows [3]. - The leadership change is seen as a natural inflection point for the company, reflecting its growth and the need for specialized risk management [3]. Group 3: Stasiowska's Vision - Stasiowska expressed enthusiasm about joining Live Oak Bank, emphasizing her commitment to enhancing risk management practices to support sustainable growth for customers [4]. - Her academic background includes a bachelor's degree in economics from Boston University and an MBA in Finance from the University of Connecticut [4]. Group 4: Company Overview - Live Oak Bancshares, Inc. is a financial holding company and parent of Live Oak Bank, focusing on redefining banking through service and technology [5].

question. [cheering and applause] >> It takes down a key pillar of the board. >> That was absolutely baked in the idea that we're going to get him, but we don't need him.Yeah, [applause and cheering] >> Mike's going to stick around. Let's get this opening bell on the CNBC real time exchange at the big board. It's Webster Bank based in Connecticut, celebrating 90 years at the NASDAQ.It's a Marisafe provider of workers comp insurance celebrating its 20th listing anniversary. Um, [applause] we did hold last Fr ...

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. ("Webster Bank†), celebrates its 90th anniversary on Saturday, October 11. Since its founding in 1935, Webster has grown to a national financial services company with over $80 billion in assets. Founder Harold Webster Smith opened First Federal Savings and Loan Association of Waterbury in Connecticut with $25,000 from friends and family to help people build and buy homes durin. ...

Federal Reserve & Interest Rates - Maintaining the Federal Reserve's independence is crucial, as markets react negatively to its perceived lack thereof [1][2] - The current Fed Funds rate of 45% is considered too high, especially with inflation at 25% and GDP growth slowing [3][5] - Lowering rates prematurely could lead to inflation [1] Private Credit Market - Private credit markets are experiencing substantial growth, projected to reach $10 to $15 trillion in a decade, growing at 20% annually [10] - Asset-based lending (ABL) within private credit is still in its early stages but poised for significant expansion [9] - Private equity's growth will drive the expansion of direct lending [8] - Banks are increasingly participating in private credit, buying and selling private loans [11] Banks & Private Credit - Banks are expected to play a significant role in financing debt related to private credit deals [13] - Banks may develop secondary markets to provide liquidity for listed private debt products [15] Democratization of Private Credit - Concerns exist regarding the suitability of private credit investments for retail investors [16] - Private credit offers attractive risk-adjusted returns compared to public equity markets, with historical net returns of 11-12% and half the volatility of the equity market which generates a 7% historical return [17] - Wealth management divisions of major banks vet managers and provide recommendations for private credit investments [19] Tariffs & Inflation - Tariffs have not significantly impacted prices, with exporters and importers absorbing the costs [4]

Core Insights - Dime Community Bancshares, Inc. has announced the hiring of Shawn Gines as Executive Vice President, Corporate and Specialty Finance, as part of its growth strategy [1][2] - Gines will focus on expanding Dime's commercial lending business, particularly with corporate clients and private equity firms, and will oversee the newly launched Fund Finance vertical [2][3] - The company aims to diversify its balance sheet through the development of various specialty verticals [2] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which has over $14 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [5][6] - The bank is recognized for its strong market presence and is considered a preferred employer for talented bankers [3][4] Leadership and Experience - Shawn Gines brings extensive experience to Dime, having previously served as Regional President for the NYC and New Jersey Metro Markets at Webster Bank and as Senior Managing Director at Sterling National Bank [4] - His background includes roles at GE Capital and Bank of America, contributing to his strong track record in the banking industry [4] Strategic Goals - The hiring of Gines is seen as a cornerstone for Dime's growth plans, with expectations that his diverse experience will accelerate the bank's execution of its strategic initiatives [3] - The focus on corporate clients and private equity firms indicates a strategic shift towards enhancing Dime's commercial lending capabilities [2][3]