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Five Star Bank’s CEO James Beckwith named Sacramentan of the Year
Globenewswire· 2025-11-20 17:30
The Sacramento Metropolitan Chamber of Commerce honors Beckwith for two decades of leadership, community investment, and regional advancementRANCHO CORDOVA, Calif., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, today announced its President and CEO James Beckwith has earned the distinction of Sacramentan of the Year from the Sacramento Metropolitan Chamber of Comm ...
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]
Alpine Banks of Colorado announces financial results for third quarter 2025
Globenewswire· 2025-10-30 20:00
GLENWOOD SPRINGS, Colo., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) (“Alpine” or the “Company”), the holding company for Alpine Bank (the “Bank”), today announced results (unaudited) for the third quarter ended September 30, 2025. The Company reported net income of $18.5 million, or $1.16 per basic Class A common share and basic Class B common share, for third quarter 2025. Highlights in third quarter 2025 include: Basic earnings per Class A and Class B common shares increased ...
Horizon Bank Appoints Larry S. Magnesen to Serve as Independent Director
Globenewswire· 2025-10-14 20:05
Core Insights - Horizon Bancorp has appointed Larry S. Magnesen as an independent director on its Board of Directors, effective October 10, 2025 [1] - Magnesen brings over 40 years of banking experience, having held senior roles at Fifth Third Bank and other financial institutions [2] - His expertise is expected to enhance Horizon's strategic growth and community support initiatives [3] Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion as of June 30, 2025 [4] - The company operates in economically attractive Midwestern markets, offering a range of banking services including residential lending, personal banking, wealth management, and business banking [4] - Horizon Bank utilizes digital tools alongside its physical branches in Indiana and Michigan to serve its customers [4]
Westpac (WEBNF) Cuts 200 Branch Roles, Boosts $200M Digital Push
Yahoo Finance· 2025-09-30 19:01
Core Viewpoint - Westpac Banking Corporation is adapting to the shift towards digital banking by cutting 200 teller and personal banking roles while simultaneously investing in digital infrastructure and expanding its lending workforce [1][2][3]. Group 1: Workforce Changes - The company will eliminate approximately 200 roles focused on in-person counter services across its Australian branches [1][2]. - Affected employees may be redeployed into lending roles or receive retraining for digital support positions [2]. Group 2: Digital Investment - Westpac plans to invest AU$200 million (about $132 million) over three years to enhance ATMs and branch facilities [2]. - An additional AU$5 million will be allocated for staff training in FY26 [2]. Group 3: Lending Expansion - The bank will create 200 new positions in home lending and small business banking to leverage the growing broker channel in Australia [3]. - Business lending has seen a year-over-year increase of 14%, indicating a strategic focus on higher-margin lending segments [3]. Group 4: Company Overview - Westpac is one of Australia's "Big Four" banks, providing a range of banking services across Australia, New Zealand, and the Pacific [4].
Endeavor Bancorp to Present at the Financial Services Virtual Investor Conference on September 25, 2025
Globenewswire· 2025-09-24 12:35
Company Overview - Endeavor Bancorp is the holding company for Endeavor Bank, primarily focused on serving Southern California businesses and their owners with local decision-making and relationships [5][6] - The bank is headquartered in downtown San Diego and operates additional offices in Carlsbad and La Mesa, with production teams throughout Southern California [6] Recent Financial Performance - For Q2 2025, Endeavor Bancorp reported a net income of $1.07 million, or $0.25 per diluted share, a decrease from $1.36 million, or $0.32 per diluted share in Q1 2025, but an increase from $760,000, or $0.18 per diluted share in Q2 2024 [9] - The net interest margin increased to 4.21% in Q2 2025, up nine basis points from Q1 2025 and 51 basis points from Q2 2024 [9] - Total assets rose by $42.3 million, or 6.0%, to $746.9 million at June 30, 2025, compared to $704.6 million at March 31, 2025, and increased by $153.1 million, or 25.8%, year-over-year [9] - Total loans outstanding increased by $28.1 million, or 4.7%, to $625.9 million at June 30, 2025, and rose by $142.5 million, or 29.5%, compared to the previous year [9] - Total deposits increased by $41.2 million, or 6.6%, to $667.4 million at June 30, 2025, and grew by $149.2 million, or 28.8%, year-over-year [9] Upcoming Events - Steven Sefton, President, and Julie Glance, CFO, will present at the Financial Services Virtual Investor Conference on September 25, 2025, at 12:30 pm EDT [1][2] - The event will allow real-time questions from investors, with an archived webcast available for those unable to attend live [2][3] Ratings and Recognition - Endeavor Bank has received a Five-Star "Superior" rating from Bauer Financial for strong financial performance, the highest rating from the independent bank rating firm [7] - DepositAccounts.com has awarded Endeavor Bank an A rating [7]
Alpine Banks of Colorado announces financial results for second quarter 2025
Globenewswire· 2025-07-31 19:00
Core Viewpoint - Alpine Banks of Colorado reported strong financial performance in the second quarter of 2025, with significant increases in net income and loan portfolio growth compared to previous periods [1][2]. Financial Performance - Net income for the second quarter of 2025 was $17.6 million, up from $14.3 million in the first quarter of 2025, marking a 23.1% increase [2][5]. - Year-to-date net income for the first half of 2025 reached $31.9 million, a 43% increase compared to $22.3 million in the first half of 2024 [2]. - Interest income rose by $3.0 million in the second quarter of 2025 compared to the first quarter, driven by higher yields and increased loan volume [2]. - Noninterest income increased by $0.7 million in the second quarter of 2025, primarily due to higher service charges and other income [2]. Loan Portfolio - Loans outstanding as of June 30, 2025, totaled $4.2 billion, reflecting a $87.0 million increase, or 2.1%, from the previous quarter [6]. - The growth in the loan portfolio was primarily driven by increases in commercial real estate loans ($81.8 million) and residential real estate loans ($77.0 million) [6]. - Year-over-year, loans outstanding increased by $145.7 million, or 3.6%, compared to $4.1 billion on June 30, 2024 [7]. Deposits - Total deposits decreased by $68.4 million, or 1.2%, to $5.9 billion during the second quarter of 2025, mainly due to declines in demand deposits and certificate of deposit accounts [8]. - However, total deposits increased by $76.6 million, or 1.3%, compared to $5.79 billion on June 30, 2024, driven by growth in money market accounts and demand deposits [9]. Capital and Ratios - The Bank maintained a "well capitalized" designation, with a Tier 1 Leverage Ratio of 9.90% and a Total Risk-Based Capital Ratio of 15.21% as of June 30, 2025 [12]. - Book value per share increased to $33.97 as of June 30, 2025, up by $1.03 from March 31, 2025 [13]. Dividends - The Company declared cash dividends of $0.21 per Class A and Class B common shares during the second quarter of 2025, payable on July 28, 2025 [14]. Company Overview - Alpine Banks of Colorado is an independent, employee-owned organization with total assets of $6.61 billion as of June 30, 2025, serving approximately 170,000 customers [15].
Alpine Banks of Colorado announces dividend on common stock
Globenewswire· 2025-07-10 21:00
Company Overview - Alpine Banks of Colorado is an independent, employee-owned organization with a total asset value of $6.7 billion, founded in 1973 and headquartered in Glenwood Springs, Colorado [2] - The bank employs 890 people and serves approximately 170,000 customers, offering a range of services including personal, business, wealth management, mortgage, and electronic banking across Colorado's Western Slope, mountains, and Front Range [2] - Alpine Bank has received a five-star rating from BauerFinancial, indicating superior performance among financial institutions in the United States [2] Dividend Declaration - The company declared a cash dividend of $0.21 per share on its Class A and Class B common stock, which is payable on July 28, 2025, to shareholders of record as of June 21, 2025 [1]
Endeavor Bancorp Reports Net Income of $1.4 Million for the First Quarter of 2025; Highlighted by Loan and Deposit Growth and Net Interest Margin Expansion
Globenewswire· 2025-04-28 12:30
Core Points - Endeavor Bancorp reported a net income of $1.36 million, or $0.32 per diluted share, for Q1 2025, showing an increase from $1.08 million in Q4 2024 and $407,000 in Q1 2024 [1][9] - The company experienced significant growth in loans and deposits, with net loans increasing by 4.6% quarter-over-quarter and 34.9% year-over-year, while total deposits grew by 4.2% from the previous quarter and 27.2% from the previous year [3][12] - The net interest margin improved to 4.12% in Q1 2025, up 15 basis points from Q4 2024 and 44 basis points from Q1 2024, driven by strong loan growth and improved funding costs [5][21] Financial Performance - Total interest income for Q1 2025 was $11.1 million, an increase of $365,000 from the previous quarter, while total interest expenses decreased by $130,000 [4][21] - Non-interest income rose to $183,000 in Q1 2025, a 14% increase compared to Q4 2024 [6][21] - Non-interest expenses were $4.86 million in Q1 2025, reflecting a year-over-year increase of $725,000 due to strategic investments in staff [7][21] Balance Sheet Highlights - Total assets increased by $26.2 million, or 3.9%, to $704.6 million as of March 31, 2025, compared to $678.3 million at the end of Q4 2024 [10][21] - Total loans outstanding reached $597.8 million, up $26.0 million, or 4.6%, from the previous quarter [11][21] - Total deposits amounted to $626.2 million, an increase of $24.9 million, or 4.1%, from the previous quarter [12][21] Capital and Efficiency Ratios - The annualized return on average equity for Q1 2025 was 11.68%, compared to 9.35% in Q4 2024 and 3.79% in Q1 2024 [9][21] - The efficiency ratio improved to 67.6% in Q1 2025, down from 71.2% in Q4 2024 and 79.9% in Q1 2024, indicating better operational efficiency [7][21] - The Tier 1 leverage ratio was 10.57% as of March 31, 2025, remaining well above regulatory minimums [15][21]