Financial Institutions (FISI) 22.17 $FISI
Vizor Software to Exhibit at 39th Annual Conference of the International Organization of Securities Commissions (IOSCO)
PRWeb - Sat Aug 02, 5:27AM CDT
Vizor, the world leader in regulatory supervision software trusted by Central Banks and Financial Regulators for the collection and validation of highly complex data from Financial Institutions, today announced that it will be exhibiting in booth 09 at the 39th Annual Conference of the International Organization of Securities Commissions (IOSCO). The Conference and Expo will be held September 28th - October 2nd at the Windsor Barra Hotel in Rio de Janeiro, Brazil.
Financial Institutions, Inc. Completes Acquisition of Scott Danahy Naylon Co., Inc.
GlobeNewswire - Fri Aug 01, 3:05PM CDT
Financial Institutions, Inc. (Nasdaq:FISI), the parent company of Five Star Bank, today announced that it has closed on the acquisition of Scott Danahy Naylon Co., Inc. ("SDN"
, a full service insurance agency located in Amherst, N.Y., a suburb of Buffalo, that provides a broad range of insurance services to both personal and business clients. SDN now operates as a subsidiary of Financial Institutions, Inc. and an affiliate of Five Star Bank.
Panini Announces Launch of Updated Website
Marketwire Canada - Thu Jul 31, 7:14AM CDT
Today Panini announced updates to Panini.com bringing Financial Institutions and other businesses the latest in dynamic product videos, valuable technical content, and applicable use cases to help users make informed purchasing decisions. Embedded media, links to case studies and product collateral allow purchasers to research and browse Panini's industry leading payment technology tools and solutions anywhere, anytime.
CenterState Bank Makes SmartBiz Available To Community Banks
PR Newswire - Tue Jul 29, 8:07AM CDT
CenterState Banks, Inc. (NASDAQ: CSFL) announced today that it will be an exclusive provider of SmartBiz to community banks nationwide. SmartBiz is the first fully-online, automated underwriting platform of Small Business Administration (SBA) loans under $150,000. These loans are part of the SBA's 7(a) Small Loan Advantage Program. Community banks can choose to originate loans themselves or allow lenders outside their state to originate the loans and pay the community bank a fee.
Till Capital Announces Signing of Letter of Intent with Omega Insurance Holdings, Inc.
Filing Services Canada XHTML - Mon Jul 28, 1:55PM CDT
McGovern Smith Paper Examines How Third-Party Risk Management is Broken
Business Wire - Fri Jul 25, 7:30AM CDT
McGovern Smith Advisors, LLC announces the release of a new thought leadership paper, "3rd Party Risk Management is Broken - Critical Vendors Should be Exam-Ready," written by partner Paul Reymann.
NYC Bitcoin Exchange Coinsetter Launches Out of Beta With Institutional and Consumer Trading
Marketwire - Thu Jul 24, 7:00AM CDT
Coinsetter, the prominent New York-based, low latency bitcoin exchange and ECN, today launched to full release out of beta. With its completed launch, Coinsetter is a full-featured, institutional-class bitcoin exchange, professionally tested to execute bitcoin trades in as low as 40 milliseconds.
Financial Institutions, Inc. Reports Second Quarter 2014 Net Income of $7.0 Million
GlobeNewswire - Wed Jul 23, 3:17PM CDT
Financial Institutions, Inc. (the "Company" (Nasdaq:FISI), the parent company of Five Star Bank, today reported net income for the second quarter ended June 30, 2014 of $7.0 million, compared with $7.2 million for the first quarter of 2014 and $6.9 million for the second quarter of 2013. After preferred dividends, second quarter earnings per diluted common share was $0.48, compared with $0.50 per share for the first quarter of 2014 and $0.47 per share for the second quarter of 2013.
Red Box Recorders Helps Financial Institutions Meet Increasing Regulations
M2 - Wed Jul 23, 10:12AM CDT
The requirement for financial institutions to keep a secure and accurate record of communications, including telephone conversations, is greater than ever as are the penalties for not doing so. Compliance officers face addressing a growing number of complex regulations around the world, knowing that failure to comply can result in a shut down of operations. These regulations are designed to improve operational transparency and mitigate risk and are being driven by key regulatory bodies such as the Commodity Futures Trading Commission (CFTC), SOX in Japan, US Securities Exchange Commission (SEC), Financial Conduct Authority (FCA) and Basel.
Treasury Department questioned by UNITE HERE over millions in rewards to Illinois banks
Business Wire - Tue Jul 22, 10:40AM CDT
As Congress considers appropriations for the U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund, UNITE HERE is raising new concerns regarding whether Illinois-based Inland Bank and Pan American Bank received questionable awards of nearly $3 million through the CDFI's Bank Enterprise Award (BEA) program since 2009. The banks, which share common ownership, were awarded federal funds as Inland hid losses in sister companies in an arrangement later reversed by regulators.
Parker Ibrahim & Berg Names Robert J. Emanuel Managing Partner of New Chicago Office
PR Newswire - Mon Jul 21, 7:30AM CDT
Parker Ibrahim & Berg has named Robert J. Emanuel as the Managing Partner of its new Chicago office. Mr. Emanuel is an accomplished litigator and counselor to financial institutions on compliance matters. He has been recognized by the Leading Lawyers Network as a Top Lawyer in Illinois in the areas of Banking & Financial Institutions Law and Creditors' Rights/Commercial Collections Law.
Justice Department, Federal and State Partners Secure Record $7 Billion Global Settlement with Citigroup for Misleading Investors About Securities Containing Toxic Mortgages
M2 - Mon Jul 14, 10:24AM CDT
The Justice Department, along with federal and state partners, today announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup's conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) prior to Jan. 1, 2009. The resolution includes a $4 billion civil penalty -- the largest penalty to date under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). As part of the settlement, Citigroup acknowledged it made serious misrepresentations to the public -- including the investing public -- about the mortgage loans it securitized in RMBS. The resolution also requires Citigroup to provide relief to underwater homeowners, distressed borrowers and affected communities through a variety of means including financing affordable rental housing developments for low-income families in high-cost areas. The settlement does not absolve Citigroup or its employees from facing any possible criminal charges.
PhishLabs Launches New ATO|Prevent Service for Banks and Credit Unions
PRWeb - Thu Jul 10, 10:31AM CDT
PhishLabs, the leading provider of cybercrime protection and intelligence services that fight back against online threats, announces the launch of ATO|Prevent™ to help banks and credit unions stop account takeover (ATO) and reduce losses due to online fraud. ATO|Prevent provides proactive detection and mitigation of account takeover attacks that target bank customers and credit union members.
"Monday Morning Headlines from SNL Insurance" Now Featured on WRIN.tv
PRWeb - Wed Jul 09, 11:01PM CDT
Insurance industry leader SNL Insurance announced today that a new weekly series called "Monday Morning Headlines with SNL Insurance" will be available for WRIN.tv viewers.
CEO, Eric Hannelius, of Payment Processing Leader, Vision Payment Solutions, Announces Attendance of MWAA 12th Annual Conference
PRWeb - Wed Jul 09, 8:51AM CDT
CEO of Vision Payment Solutions, Eric Hannelius, announces attendance at the MidWest Acquirers Association 12th annual conference. The MWAA's 12 annual conference will be held July 16th and 17th at The Westin Lombard Yorktown Center in Lombard, Illinois.
Financial Institutions' Future Success Requires Providing an Outstanding Customer Experience
PRWeb - Tue Jul 08, 1:04PM CDT
In new research, Improving the Customer Experience Through Analytics and Omnichannel Banking, Mercator Advisory Group reviews the trend for banks and other financial institutions to leverage analytics and real-time, 360-degree views of the customer to create an outstanding customer experience to encourage increased engagement and customer loyalty.
Industry Experts Form Terafina to Create the First Fully Integrated Omni Channel Sales Solution
Marketwire - Tue Jul 08, 8:03AM CDT
A group of financial services experts have formed a new company called Terafina, Inc. to enable banking institutions to reach their customers anytime, anywhere and through any device. This Omni Channel approach combines digital, call center and branch channels to create a common sales platform based on cloud technology and big-data capabilities.
Vizor Software to Exhibit at 39th Annual Conference of the International Organization of Securities Commissions (IOSCO)
PRWeb - Sat Aug 02, 5:27AM CDT
Vizor, the world leader in regulatory supervision software trusted by Central Banks and Financial Regulators for the collection and validation of highly complex data from Financial Institutions, today announced that it will be exhibiting in booth 09 at the 39th Annual Conference of the International Organization of Securities Commissions (IOSCO). The Conference and Expo will be held September 28th - October 2nd at the Windsor Barra Hotel in Rio de Janeiro, Brazil.
Financial Institutions, Inc. Completes Acquisition of Scott Danahy Naylon Co., Inc.
GlobeNewswire - Fri Aug 01, 3:05PM CDT
Financial Institutions, Inc. (Nasdaq:FISI), the parent company of Five Star Bank, today announced that it has closed on the acquisition of Scott Danahy Naylon Co., Inc. ("SDN"
, a full service insurance agency located in Amherst, N.Y., a suburb of Buffalo, that provides a broad range of insurance services to both personal and business clients. SDN now operates as a subsidiary of Financial Institutions, Inc. and an affiliate of Five Star Bank. Panini Announces Launch of Updated Website
Marketwire Canada - Thu Jul 31, 7:14AM CDT
Today Panini announced updates to Panini.com bringing Financial Institutions and other businesses the latest in dynamic product videos, valuable technical content, and applicable use cases to help users make informed purchasing decisions. Embedded media, links to case studies and product collateral allow purchasers to research and browse Panini's industry leading payment technology tools and solutions anywhere, anytime.
CenterState Bank Makes SmartBiz Available To Community Banks
PR Newswire - Tue Jul 29, 8:07AM CDT
CenterState Banks, Inc. (NASDAQ: CSFL) announced today that it will be an exclusive provider of SmartBiz to community banks nationwide. SmartBiz is the first fully-online, automated underwriting platform of Small Business Administration (SBA) loans under $150,000. These loans are part of the SBA's 7(a) Small Loan Advantage Program. Community banks can choose to originate loans themselves or allow lenders outside their state to originate the loans and pay the community bank a fee.
Till Capital Announces Signing of Letter of Intent with Omega Insurance Holdings, Inc.
Filing Services Canada XHTML - Mon Jul 28, 1:55PM CDT
McGovern Smith Paper Examines How Third-Party Risk Management is Broken
Business Wire - Fri Jul 25, 7:30AM CDT
McGovern Smith Advisors, LLC announces the release of a new thought leadership paper, "3rd Party Risk Management is Broken - Critical Vendors Should be Exam-Ready," written by partner Paul Reymann.
NYC Bitcoin Exchange Coinsetter Launches Out of Beta With Institutional and Consumer Trading
Marketwire - Thu Jul 24, 7:00AM CDT
Coinsetter, the prominent New York-based, low latency bitcoin exchange and ECN, today launched to full release out of beta. With its completed launch, Coinsetter is a full-featured, institutional-class bitcoin exchange, professionally tested to execute bitcoin trades in as low as 40 milliseconds.
Financial Institutions, Inc. Reports Second Quarter 2014 Net Income of $7.0 Million
GlobeNewswire - Wed Jul 23, 3:17PM CDT
Financial Institutions, Inc. (the "Company"
(Nasdaq:FISI), the parent company of Five Star Bank, today reported net income for the second quarter ended June 30, 2014 of $7.0 million, compared with $7.2 million for the first quarter of 2014 and $6.9 million for the second quarter of 2013. After preferred dividends, second quarter earnings per diluted common share was $0.48, compared with $0.50 per share for the first quarter of 2014 and $0.47 per share for the second quarter of 2013. Red Box Recorders Helps Financial Institutions Meet Increasing Regulations
M2 - Wed Jul 23, 10:12AM CDT
The requirement for financial institutions to keep a secure and accurate record of communications, including telephone conversations, is greater than ever as are the penalties for not doing so. Compliance officers face addressing a growing number of complex regulations around the world, knowing that failure to comply can result in a shut down of operations. These regulations are designed to improve operational transparency and mitigate risk and are being driven by key regulatory bodies such as the Commodity Futures Trading Commission (CFTC), SOX in Japan, US Securities Exchange Commission (SEC), Financial Conduct Authority (FCA) and Basel.
Treasury Department questioned by UNITE HERE over millions in rewards to Illinois banks
Business Wire - Tue Jul 22, 10:40AM CDT
As Congress considers appropriations for the U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund, UNITE HERE is raising new concerns regarding whether Illinois-based Inland Bank and Pan American Bank received questionable awards of nearly $3 million through the CDFI's Bank Enterprise Award (BEA) program since 2009. The banks, which share common ownership, were awarded federal funds as Inland hid losses in sister companies in an arrangement later reversed by regulators.
Parker Ibrahim & Berg Names Robert J. Emanuel Managing Partner of New Chicago Office
PR Newswire - Mon Jul 21, 7:30AM CDT
Parker Ibrahim & Berg has named Robert J. Emanuel as the Managing Partner of its new Chicago office. Mr. Emanuel is an accomplished litigator and counselor to financial institutions on compliance matters. He has been recognized by the Leading Lawyers Network as a Top Lawyer in Illinois in the areas of Banking & Financial Institutions Law and Creditors' Rights/Commercial Collections Law.
Justice Department, Federal and State Partners Secure Record $7 Billion Global Settlement with Citigroup for Misleading Investors About Securities Containing Toxic Mortgages
M2 - Mon Jul 14, 10:24AM CDT
The Justice Department, along with federal and state partners, today announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup's conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) prior to Jan. 1, 2009. The resolution includes a $4 billion civil penalty -- the largest penalty to date under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). As part of the settlement, Citigroup acknowledged it made serious misrepresentations to the public -- including the investing public -- about the mortgage loans it securitized in RMBS. The resolution also requires Citigroup to provide relief to underwater homeowners, distressed borrowers and affected communities through a variety of means including financing affordable rental housing developments for low-income families in high-cost areas. The settlement does not absolve Citigroup or its employees from facing any possible criminal charges.
PhishLabs Launches New ATO|Prevent Service for Banks and Credit Unions
PRWeb - Thu Jul 10, 10:31AM CDT
PhishLabs, the leading provider of cybercrime protection and intelligence services that fight back against online threats, announces the launch of ATO|Prevent™ to help banks and credit unions stop account takeover (ATO) and reduce losses due to online fraud. ATO|Prevent provides proactive detection and mitigation of account takeover attacks that target bank customers and credit union members.
"Monday Morning Headlines from SNL Insurance" Now Featured on WRIN.tv
PRWeb - Wed Jul 09, 11:01PM CDT
Insurance industry leader SNL Insurance announced today that a new weekly series called "Monday Morning Headlines with SNL Insurance" will be available for WRIN.tv viewers.
CEO, Eric Hannelius, of Payment Processing Leader, Vision Payment Solutions, Announces Attendance of MWAA 12th Annual Conference
PRWeb - Wed Jul 09, 8:51AM CDT
CEO of Vision Payment Solutions, Eric Hannelius, announces attendance at the MidWest Acquirers Association 12th annual conference. The MWAA's 12 annual conference will be held July 16th and 17th at The Westin Lombard Yorktown Center in Lombard, Illinois.
Financial Institutions' Future Success Requires Providing an Outstanding Customer Experience
PRWeb - Tue Jul 08, 1:04PM CDT
In new research, Improving the Customer Experience Through Analytics and Omnichannel Banking, Mercator Advisory Group reviews the trend for banks and other financial institutions to leverage analytics and real-time, 360-degree views of the customer to create an outstanding customer experience to encourage increased engagement and customer loyalty.
Industry Experts Form Terafina to Create the First Fully Integrated Omni Channel Sales Solution
Marketwire - Tue Jul 08, 8:03AM CDT
A group of financial services experts have formed a new company called Terafina, Inc. to enable banking institutions to reach their customers anytime, anywhere and through any device. This Omni Channel approach combines digital, call center and branch channels to create a common sales platform based on cloud technology and big-data capabilities.
