TD Bank Group made the following announcements. Raymond Chun to become Group President and CEO on February 1, 2025; Board adopts new term limits; five directors to retire at 2025 Annual Meeting of Shareholders; Four new directors to stand for election at 2025 Annual Meeting of Shareholders; New chairs appointed for four of five Board committees. CEO Transition Raymond Chun, currently Chief Operating Officer, will be appointed Group President and Chief Executive Officer (CEO) on February 1, 2025
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January 21, 2025 @ 08:15 AM
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The PNC Financial Services Group announced that President Michael P. Lyons is departing PNC to assume the President & CEO-Elect role at Fiserv. Lyons joined PNC in 2011 to serve as head of Corporate & Institutional Banking and was named president in 2024."Mike has been with PNC for 13 years and has been instrumental in our growth and success," said PNC Chairman and CEO William S. Demchak. "He is leaving to go to a great client and partner, and we wish him well. We have built a tremendous
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January 24, 2025 @ 08:10 AM
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CIBC ABL closed four new transactions, totaling $107 million, in November and December 2024. The momentum and strong growth late in 2024 signals a positive outlook for the upcoming fiscal year with a depth of new deal flow still to come.The representative transactions emphasize the depth of connectivity of our senior business development team, and their long-standing relationships with key centers of influence, family-owned businesses and sponsors. It is these relationships coupled with our wide
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January 24, 2025 @ 08:10 AM
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Private equity firms are heading into 2025 with increasing momentum, bolstered by favorable economic trends and renewed confidence in deal-making, according to BluWave’s Q4 2024 PE Industry Insights Report. This report offers data-driven analysis of private equity’s evolving priorities and highlights the strategies shaping the industry for the year ahead.“Private equity leaders are shifting from cautious defensive strategies to bold, forward-looking investments,” said Sean Mooney, founder and
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January 30, 2025 @ 08:15 AM
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Cadence Bank announced the signing of a definitive merger agreement with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank. Founded in 2002 by local business leaders who live and work in the community, First Chatham Bank operates eight branches across the Greater Savannah area. First Chatham Bank became the first community bank chartered in Chatham County since 1989. The merger will expand Cadence Bank's presence in the rapidly growing
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January 23, 2025 @ 08:04 AM
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