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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]
Potomac Bank Adopted as New Name of Bank of Charles Town
Prnewswire· 2025-11-03 17:48
Accessibility StatementSkip Navigation Evolution Honors Heritage, Unifies Markets, and Reinforces Dedication to Personalized Service and Local Impact CHARLES TOWN, W.Va., Nov. 3, 2025 /PRNewswire/ -- (OTCID:PTBS) -- Today, Bank of Charles Town announced it has officially adopted its new name, Potomac Bank. This is a celebration of a journey that has been unfolding since its founding over 154 years ago. It not only reflects the bank's significant growth and expansion across the Eastern Panhandle of West Virg ...
Farmers & Merchants Bancorp, Inc. Reports 2025 Third-Quarter and Year-to-Date Financial Results
Globenewswire· 2025-10-27 13:05
Core Insights - Farmers & Merchants Bancorp, Inc. reported strong financial results for the third quarter of 2025, achieving one of the most profitable quarters in its 128-year history, with a net income of $8.9 million, a 35.9% increase from the previous year [2][10]. Financial Performance - Net income for Q3 2025 was $8.9 million, up from $6.5 million in Q3 2024, resulting in earnings per share of $0.64 compared to $0.48 [3][10]. - Year-to-date net income for the first nine months of 2025 reached $23.5 million, compared to $17.6 million for the same period in 2024, with earnings per share increasing from $1.28 to $1.71 [3][10]. Deposits and Liabilities - Total deposits as of September 30, 2025, were $2.75 billion, reflecting a 2.5% increase from $2.68 billion a year earlier [4][10]. - The cost of interest-bearing liabilities decreased to 2.83% in Q3 2025 from 3.21% in Q3 2024, indicating improved cost management [4][5]. Loan Portfolio and Asset Quality - Total loans increased by 4.9% year-over-year, reaching $2.66 billion, driven by growth in commercial real estate and agricultural loans [7][10]. - Nonperforming loans were $5.2 million, or 0.19% of total loans, up from $2.9 million (0.11%) a year earlier, but still reflecting strong asset quality [8][10]. Equity and Dividends - Total stockholders' equity rose by 7.9% to $361.8 million, with a Tier 1 leverage ratio of 8.74% [14][10]. - The company declared a cash dividend of $0.2275 per share for Q3 2025, marking a 2.8% increase from the previous year, and has increased dividends for 31 consecutive years [15][16][10]. Strategic Outlook - The company plans to develop a new three-year strategic plan to define growth priorities and enhance shareholder value, leveraging its community-banking values across its markets [13][10].
First Reliance Bancshares Reports Third Quarter 2025 Results
Prnewswire· 2025-10-24 13:00
Financial Summary | Three Months Ended | Nine Months Ended | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | Sep 30 | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Sep 30 | Sep 30 | | | ($ in thousands, except per share data) | 2025 | 2025 | 2025 | 2024 | 2024 | 2025 | 2024 | | Earnings: | | | | | | | | | Net income available to common shareholders | $Â 2,714 | | | $Â 3,653 $Â 1,613 $Â Â Â 918 $Â 1,825 $Â 7,980 $Â 5,005 | | | | | Operating earnings (Non-GAAP) | 2,714 | 2,248 | 1,665 | 1,698 | 1,950 | ...
Embassy Bank for the Lehigh Valley Named “Best Bank” in The Morning Call’s 2025 Readers’ Choice Awards For the 11th Time
Globenewswire· 2025-10-22 19:55
Core Insights - Embassy Bank for the Lehigh Valley has been recognized as "Best Bank" in The Morning Call's 2025 Readers' Choice Awards, marking its 11th win and highlighting its commitment to exceptional service and community values [1][2] Awards and Recognition - The bank also received accolades as Best Bank and Best Mortgage Company in the Who's Who in Business survey by Lehigh Valley Style magazine for the fourth consecutive year [2] - Bauer Financial awarded Embassy Bank a 5-star rating, indicating its superior financial strength and stability [2] Market Position - As of June 30, 2025, Embassy Bank ranks fourth in total deposit market share in Lehigh and Northampton Counties, being the only bank among the top four to increase its market share during the reporting period [3] - This growth in market share reflects strong customer relationships and an expanding footprint in the region [3] Company Overview - Embassy Bank, a subsidiary of Embassy Bancorp, Inc., is a full-service community bank with over $1.7 billion in assets, serving individuals and businesses throughout Pennsylvania's Lehigh Valley [4]
F&M’s Annual Ohio and Indiana Golf Classics Raise $48,500 for Local Charities
Globenewswire· 2025-09-30 18:57
Core Points - F&M Bank successfully raised $48,500 through its charity golf events to support local organizations focused on family health, veterans, disability services, and child advocacy [1][2][3] Group 1: Charity Events - The 8th Annual Ohio Charity Golf Classic raised $32,000 with over 140 golfers participating, benefiting four local organizations [2] - The 4th Annual Indiana Charity Golf Classic raised $16,500 with over 65 golfers, supporting the Adams Wells Crisis Center and Honor Flight Northeast Indiana [3] Group 2: Community Impact - F&M Bank emphasizes the importance of community spirit and collaboration in supporting local organizations that make a significant difference [2] - The funds raised will aid organizations such as Sara's Garden, Northwestern Ohio Community Action Commission, The Ability Center, and the Family & Child Abuse Prevention Center [2]
Five Star Bank Expands to Thriving Community of Walnut Creek
Globenewswire· 2025-09-30 16:30
Core Insights - Five Star Bancorp has opened a new full-service office in Walnut Creek, California, on September 29, 2025, to enhance its concierge banking services for local businesses [1][4] - The new location aims to capitalize on Walnut Creek's growth as a regional commerce hub, with nearly 55,000 jobs and a vibrant business environment [2][5] - The expansion is part of Five Star Bank's strategy to deepen relationships with East Bay businesses and provide personalized banking services [6] Company Overview - Five Star Bancorp operates through its wholly owned banking subsidiary, Five Star Bank, and has eight branches in Northern California [7] - The bank has been recognized as a Top Three Best-Performing Community Bank in the nation for banks with assets between $3 billion to $10 billion by S&P Global Market Intelligence [5] Strategic Importance of Walnut Creek - Walnut Creek is emerging as a premier destination for businesses due to its central location, high quality of life, and strong community management [2][5] - The city is experiencing economic momentum, making it an attractive location for Five Star Bank to establish its presence [3][5] - The new branch is expected to serve various sectors, including technology, nonprofit, professional services, and construction [5][6]
Lake City Bank Opens Newest Branch in Westfield, the Bank’s 9th Office in the Indianapolis Market
Globenewswire· 2025-09-02 13:00
Core Points - Lake City Bank opened its newest branch in Westfield, Indiana, on September 2, 2025, marking the bank's 55th office overall and ninth in the Indianapolis Region [1][2] - The new branch is located at 170 Jersey St. within The Union at Grand Junction development, which includes apartments, retail and office space, restaurants, and public parking [2] - The bank's community banking model emphasizes building long-term customer relationships while providing technology-forward solutions for retail and commercial clients [7] Company Overview - Lake City Bank is a $7 billion bank headquartered in Warsaw, Indiana, founded in 1872, serving Central and Northern Indiana communities with 55 branch offices and a robust digital banking platform [7] - The bank is the single bank subsidiary of Lakeland Financial Corporation, listed on Nasdaq Global Select under the ticker LKFN [8] Management and Community Engagement - Stacy R. Oswald, Vice President and Retail Banking Officer, has moved to the Westfield office from the Fishers office and has 23 years of experience in financial services [4] - The bank aims to expand its relationships in Westfield and engage with the community, reflecting its commitment to local economic development [2][3]