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BRBS vs. ASRV: Which Bank Stock Deserves a Spot in Your Portfolio?
ZACKS· 2026-01-05 18:50
Community banks are operating in a landscape shaped by shifting rate conditions, tighter regulatory expectations and a sharper focus on funding stability and credit discipline. In this environment, Blue Ridge Bankshares, Inc. (BRBS) and AmeriServ Financial, Inc. (ASRV) stand out as two community-focused institutions with similar core banking foundations, but very different operating models that influence their risk-return profiles. BRBS operates primarily through Blue Ridge Bank and complements its franchis ...
1st Security Bank Announces Omeed Salashoor as new Director of Home Lending
Globenewswire· 2025-12-23 18:14
Core Insights - FS Bancorp, Inc. has appointed Omeed Salashoor as Senior Vice President and Director of Home Lending, bringing over 35 years of experience in mortgage banking [1][3]. Group 1: Appointment Details - Omeed Salashoor has a strong background in leading high-performing lending organizations across various markets, most recently serving as Producing Branch Sales Manager for CMG Home Loans in Bellevue, Washington [3]. - Donn Costa, Chief Home Lending Officer, expressed that Salashoor's community and customer focus makes him an ideal fit for 1st Security Bank [4]. Group 2: Personal Background and Values - Salashoor began his mortgage banking career by founding a company in Kirkland, Washington, and has a passion for helping individuals and families achieve homeownership and financial security [5]. - He values the commitment to community banking and responsible home lending that 1st Security Bank embodies, aligning with his professional ethos [5]. Group 3: Company Overview - 1st Security Bank of Washington operates twenty-seven branches across Washington and Oregon, providing loan and deposit services, including mortgage services at each branch [6].
Blue Ridge Bankshares Gains 33.7% in 6 Months: How to Play the Stock?
ZACKS· 2025-12-23 17:50
Blue Ridge Bankshares, Inc. (BRBS) investors have been experiencing some short-term gains from the stock lately, despite its bumpy ride over recent months. Shares of the Richmond, VA-based holding company of Blue Ridge Bank, National Association and BRB Financial Group, Inc., have gained 33.7% in the past six months compared with the industry’s 19.7% rise. In the same time frame, the stock also outperformed the sector and the S&P 500’s 9.6% and 15.7% gain, respectively.Two key recent developments for BRBS i ...
Mike Schnitkey Promoted to Market President for Northwest Ohio at F&M Bank
Globenewswire· 2025-12-17 17:36
ARCHBOLD, Ohio, Dec. 17, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is pleased to announce the promotion of Mike Schnitkey to Agri-Finance and Northwest Ohio Market President. Mike, a respected leader within F&M Bank, has been a dedicated member of the team since September 1995. A graduate of The Ohio State University, he has built an accomplished career in agricultural finance while becoming a trusted partner to farm fa ...
Alpine Banks of Colorado announces appointment of Glen Jammaron as CEO and chairman
Globenewswire· 2025-12-16 16:00
GLENWOOD SPRINGS, Colo., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced that Glen Jammaron has been appointed as chief executive officer and chairman for Alpine Banks of Colorado and its wholly owned subsidiary, Alpine Bank. Jammaron succeeds J. Robert “Bob” Young, who founded Alpine Bank and served as its chairman for 53 years. Young passed away on December 11, 2025. “I am honored to continue the incredible legacy that Bob built for Alpine Bank,” noted Jammaron. “We ant ...
Greene County Bancorp, Inc. Recognized as a Top-Performing Bank in Piper Sandler’s Class of 2025 Bank & Thrift Small-Cap All Stars
Globenewswire· 2025-12-09 16:48
Core Insights - Greene County Bancorp, Inc. has been recognized as one of Piper Sandler's Class of 2025 Sm-All Stars, ranking 9th out of 24 banks and thrifts, marking its ninth inclusion since 2004, the highest among its peers in this class [1][2]. Company Overview - Greene County Bancorp, Inc. serves as the holding company for the Bank of Greene County and its subsidiary Greene County Commercial Bank, providing community-based banking services in the Hudson Valley and Capital Region of New York State [3]. - The company caters to a diverse clientele, including individuals, businesses, municipalities, and other institutions, and is publicly traded on the Nasdaq Capital Market [3]. Performance Recognition - To achieve the All Star Bank status, companies must have a market capitalization below $2.5 billion and meet various criteria related to growth, profitability, credit quality, and capital strength, while outperforming industry metrics [2]. - The recognition underscores the resilience and sustainability of the company's business model, emphasizing its focus on community banking, credit quality, and relationship-based growth [2].
Midland States Bancorp Announces Sale of Substantially All of Its Equipment Finance Portfolio to North Mill Equipment Finance
Globenewswire· 2025-12-01 14:00
Core Insights - Midland States Bancorp, Inc. has sold its equipment finance portfolio to North Mill Equipment Finance LLC for $502 million in cash, closing the transaction on November 28, 2025 [1][2] - The sale aligns with the company's strategy to focus on community banking operations and is expected to be accretive to capital while being approximately neutral to earnings [4] Financial Details - The equipment finance portfolio sold consisted of approximately $599 million in loans and leases outstanding, with a net amount of $565 million after accounting for credit losses, and included $21 million of operating leases [2] - The company will retain approximately $75 million of loans and leases, resulting in a total reduction of approximately $545 million in loans and leases compared to October 31, 2025 [2] - A pre-tax loss on the sale, including transaction-related expenses, is expected to be around $20 million in the fourth quarter of 2025 [3] Strategic Focus - The transaction is part of the company's strategy to improve its credit profile and redeploy capital more effectively, enhancing its balance sheet and reducing exposure to higher-risk asset classes [4] - The company ceased originating new equipment finance loans and leases as of September 30, 2025, further emphasizing its shift towards community banking and wealth management [4] Company Background - Midland States Bancorp, Inc. is a community-based financial holding company with total assets of approximately $6.91 billion as of September 30, 2025, and its Wealth Management Group manages assets under administration of about $4.36 billion [5] - The company offers a full range of commercial and consumer banking products, including trust and investment management, insurance, and financial planning services [5] North Mill Equipment Finance LLC - North Mill Equipment Finance LLC is a national lender that primarily finances small- to mid-ticket commercial equipment leases and loans, serving businesses across various industries [6]
Five Star Bank's CEO James Beckwith named Sacramentan of the Year
Globenewswire· 2025-11-20 17:30
Core Points - Five Star Bancorp's President and CEO, James Beckwith, has been named Sacramentan of the Year by the Sacramento Metropolitan Chamber of Commerce for his significant contributions to the Capital Region over the past 20 years [1][2][3] Company Achievements - Under Beckwith's leadership, Five Star Bank has received multiple awards, including the Sacramento Business Journal's Corporate Champion of the Year and the Greater Sacramento Economic Council's Sustainability Award [3] - The bank has been recognized as one of S&P Global Market Intelligence's Top 3 Best-Performing Community Banks in the nation, and it received the 2024 Raymond James Community Bankers Cup [7] - In 2025, Five Star Bank was ranked 4 among U.S. banks with assets less than $5 billion by Bank Director Magazine [7] Community Involvement - Beckwith has actively supported various non-profit organizations and educational institutions, including Cristo Rey High School and Capital College & Career Academy [4] - He serves on several boards, including the Greater Sacramento Economic Council and the California Bankers Association, promoting economic development in the region [4] Expansion Efforts - In 2024, Five Star Bank expanded into San Francisco's Financial District, followed by an expansion into Walnut Creek in 2025, enhancing its business banking services [5]
Blue Ridge Bankshares, Inc. Announces Termination of Consent Order
Prnewswire· 2025-11-13 22:00
Accessibility StatementSkip Navigation RICHMOND, Va., Nov. 13, 2025 /PRNewswire/ --Â Blue Ridge Bankshares, Inc. (the "Company") (NYSE American: BRBS), the holding company of Blue Ridge Bank, National Association ("Blue Ridge Bank" or the "Bank") and BRB Financial Group, Inc., today announced that the Bank received notification from its primary regulator, the Office of the Comptroller of the Currency, terminating the Consent Order dated January 24, 2024. President and Chief Executive Officer, G. William ("B ...
Civista Bancshares Completes Merger with The Farmers Savings Bank, Expanding Community Banking Footprint in Northeast Ohio
Prnewswire· 2025-11-06 22:00
Core Points - Civista Bancshares, Inc. has successfully completed its merger with The Farmers Savings Bank, marking a strategic expansion into Medina and Lorain Counties in Ohio [1][2][3] - The merger adds approximately $236 million in low-cost deposits and two new branches to Civista's portfolio, resulting in a combined total of approximately $4.4 billion in assets, $3.2 billion in net loans, and $3.5 billion in total deposits [2][3] Company Overview - Civista Bancshares, Inc. is a $4.4 billion financial holding company headquartered in Sandusky, Ohio, with its primary subsidiary, Civista Bank, providing full-service banking, commercial lending, mortgage, and wealth management services [4] - Civista Bank operates 44 locations across Ohio, Southeastern Indiana, and Northern Kentucky, and offers commercial equipment leasing services nationwide [4] Leadership Statements - Dennis G. Shaffer, President and CEO of Civista Bancshares, emphasized the merger as a significant step in delivering exceptional community banking services and enhancing commercial lending capabilities [3] - Tom Lee, President and CEO of The Farmers Savings Bank, noted that joining Civista allows for continued community-focused banking while gaining access to expanded resources and expertise [3]