| Names and News In Business
Doug Rurup has joined Edwards-Brandt Insurance Agency in Mason City as an agent. He is licensed in home, auto and commercial business insuranceRurup is a Rockwell native and has lived in Clear Lake the past 17 years.A 1983 graduate of North Iowa Area Community College, he has spent the past 14 years with IMI Cornelius in Mason City.He lives in Clear Lake with his son, Austin. Randy Pruisner and RICH FISCHER have been named to the board of directors of Manufacturers Bank & Trust Co.Pruisner has been employed by MBT since 1982 starting as data processing officer and currently serves as the senior vice president of IT and HR. Pruisner is a graduate of Dike High School and has his bachelor of arts in math education from UNI. He also graduated from the Madison Graduate School of Banking.He lives in Forest City with his wife, Lorie.Fischer has been employed by MBT since 1995 as senior vice president and senior loan officer.He graduated from Wartburg College in Waverly with a bachelor of arts degree in business administration and economics and has 38 years of banking experience.He and his wife, Nancy, have two children, Brent and his wife, Joy, and Darrin and his wife, Erica.
Roger Suihkonen retires after 34 years in the banking business
VIRGINIA � When Roger Suihkonen graduated from college he never saw himself working in a bank. Yet, 34 years in the banking business later, Suihkonen, Wells Fargo District Community Bank President, is set to retire at the end of November with no regrets. �All the decisions I�ve made, if I had to do it all over again I�d do it the same way,� Suihkonen said. �It�s been a great ride.� Suihkonen, who has been president since 1985, starting working in Virginia at what would eventually become Wells Fargo � in the same Chestnut Street Building that houses the bank today � in 1974. After graduating from college in 1971 with a degree in mathematics and physics, Suihkonen said he was considering a career in computers or the applied science arena.
New York Bank Appeals to Customers' Artistic Sense
NEW YORK�Imagine going to the bank for routine transactions, and while waiting for your private banker or standing on line for the clerk, you lift your head and there it is�an art gallery. A museum-quality art gallery, built with the specification of a real museum, is situated inside your bank. "The lights, the air, and the security are the most important for all museums to release their art and antiques to us for display," said Martin Mullin, curator and director of the Gallery at The Park Avenue Bank. The bank's "Meet the Museum" program hosts exhibitions from museums from around the world, and pieces rotate every 6�8 weeks. The Park Avenue Bank is a New York-based community bank with four branches throughout the city. The bank provides full service traditional consumer banking, real estate and commercial lending to small and mid-size businesses and other private banking services.
Oritani Financial Corp. (MHC) to acquire Greater Community Bancorp
WASHINGTON TWP, N.J. and TOTOWA, N.J.--(BUSINESS WIRE)--Kevin J. Lynch, Chairman, President and CEO of Oritani Financial Corp. (MHC) (“Oritani") (NASDAQ: ORIT ) the holding company for Oritani Savings Bank, announced that it has entered into a Merger Agreement providing for the acquisition of Greater Community Bancorp (“Greater Community") (NASDAQ: GFLS ) by Oritani. Greater Community is the holding company for Greater Community Bank. Under the terms of the Merger Agreement, Greater Community shareholders will be entitled to receive $21.40 per share or $187 million in aggregate deal value. The consideration mix will be 60% stock and 40% cash. The exchange ratio for the stock consideration will equal $21.40 divided by the Oritani market value as defined in the Merger Agreement, provided that the exchange ratio shall not be more than 1.4588 or less than 1.1935.
Bryn Mawr Bank shareholders favor an increase in available stock
Bryn Mawr Bank Corp., parent of community bank Bryn Mawr Trust Co., said Wednesday shareholders approved a proposal to increase the number of shares of common stock available to 100 million from 25 million. The vote occurred at a special stockholders meeting on Tuesday. The board of directors had recommended increasing the number of authorized shares for possible future financing of acquisitions, to permit stock splits or stock dividends, or to take advantage of other business opportunities that may arise. Bryn Mawr Bank Co. (NASDAQ:BMTC - News) of Bryn Mawr, Pa., has $894 million in assets and $730 million in deposits spread over 15 branches in Philadelphia's western suburbs. Published November 21, 2007 by the Philadelphia Business Journal .
Wells Fargo No. 1 among lenders to small business
Wells Fargo Bank was the No. 1 lender to small businesses in the Reno-Sparks area last year with more than $106 million in loans, according to the bank. Citing recently released Community Reinvestment Act data, Wells Fargo said it made more than 4,600 loans of less than $100,000 to Reno-Sparks business owners, a boost of more than 20 percent from 2005. The bank also said it was the top lender to small businesses in low- and moderate-income neighborhoods in the Reno-Sparks area with more than 1,500 loans of less than $100,000 totaling more than $36 million. .
Sovereign Names Jasbir Chopra to Head Business Banking Initiative for Emerging Companies in Metro Region
Sovereign Bank Executive Vice President Jasbir Chopra has been named Managing Director of Business Banking for Sovereign's Metro NY-NJ Division. "This new position reflects the bank's expanded commitment to the region's business community," said Metro Division Chairman & CEO Brendan J. Dugan. "Under Jasbir's leadership this initiative will result in new and improved products and services for emerging companies as Jasbir Chopra applies his 30 years of diverse commercial banking experience." .
Dann to host Breakfast Business
Finance reporter Corin Dann is to host Television One's Breakfast Business programme, it was announced today. Dann was previously Radio New Zealand's economics correspondent, and was formerly a parliamentary reporter both for Radio New Zealand and Newstalk ZB. TVNZ head of news and current affairs Anthony Flannery said Dann would join TVNZ in December and begin presenting Breakfast Business when the programme returns on Monday, January 21, 2008. .
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