It was the very same building where, nearly 25 years earlier, she had begun her career as a part-time bank teller. In many ways, Sims and Henningsen are the perfect team to manage a bank with an underlying social mission.
Lanier left the company in She is a hard-nosed, by-the-book numbers cruncher who has been around banks her entire working life. In contrast, Henningsen, 62, has a more soft-hearted approach. Henningsen and Sims often serve as mentors to the burgeoning entrepreneurs to whom they lend funds.
Love, who sought funding from Legacy, conceived of a new twist to appeal to locals: She wanted to serve Southern cuisine—including collard greens, pinto beans and rice, steamed okra, and peach cobbler—in her restaurant. The company had also never opened a franchise in an urban market.
She has intellectual capital that we gain from. In fact, we talk every day. Lately, Legacy has been forced to tighten those standards even further. As a result of the ongoing financial crisis, the company has had to cut certain lines of credit for its real estate investor clients. Sims has also changed the way loans get approved. Rather than allowing loan officers to make independent decisions, all applications and approvals now go before a loan committee made up of top management and board members.
Seaway will share in the losses on the loans covered under the loss-share agreement. Compared to other alternatives, the FDIC said, Seaway's acquisition was the least costly resolution for the insurance fund. Seaway Bank and Trust Co. Now that Legacy has failed, it's unclear whether its parent company - Legacy Bancorp Inc. Legacy received the TARP funds two years ago. But problems linger for some financial institutions, which in rare cases may lead to closures," said Rose Oswald Poels, senior vice president and counsel for the Wisconsin Bankers Association.
More Business Wire. March 11, OneUnited's new installment-loan product is meant to break customers out of a cycle of debt. It will compete with similar offerings from heavyweights like Wells Fargo, Bank of America and Huntington.
By John Reosti. Branch banking. By Allissa Kline. The card brands are pursuing partnerships with banks, government agencies and merchants, with a goal of building networks and services to accommodate the rise of central bank digital currencies.
By John Adams. Regulation and compliance. CFPB likely to punt data-sharing rule into Many previously expected a plan to arrive this spring. Business Wire Recent national business updates from the Associated Press. Cellphones spill into Yellowstone's wilds despite park plan p. Changes could come to East Coast monkfish business a.
Report says Obama administration failed to follow health law Updated: p.
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