Banking & Savings

GAB official named chairman of Indiana Banking Association

Clay W. Ewing, German American Bancorp Inc., Jasper, accepts the Indiana Bankers Association leadership gavel for 2018 from Annette M. Russell, Security Federal Savings Bank, Logansport, at the 2017 IBA Annual Convention. German American Bankcorp announced Clay W. Ewing, president, chief banking officer and secretary to the board of directors, was elected 2018 chairman of the board of directors of ...

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Meetinghouse Bancorp, Inc. Receives Shareholder Approval for Merger with Meridian Bancorp, Inc.

BOSTON, Sept. 20, 2017 (GLOBE NEWSWIRE) — Meridian Bancorp, Inc. (“Meridian”) (NASDAQ:EBSB), the holding company for East Boston Savings Bank, and Meetinghouse Bancorp, Inc. (“Meetinghouse”) (OTC Pink:MTGB), the holding company for Meetinghouse Bank, announced today that Meetinghouse has received the requisite shareholder approval for the merger of Meetinghouse with and into Meridian that was announced on June 26, 2017. The ...

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Banks can do more for the financially excluded – The New Times

Editor, RE: “Bank of Kigali in new drive to deepen financial inclusion” (The New Times, September 19). Interesting statistics by Rwanda Finscope Survey! As they say, numbers don’t lie. I wish to zoom on the 1.4 million Rwandans excluded in the formal financial sector. From the promotion above, to open a savings account one needs a minimum of Rwf100,000. This ...

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Blockchain Technology in Banking & Finance

BII How Blockchain Technology Spawned Virtual Currencies Blockchain technology, less commonly known as distributed ledger technology (DLT), is the underlying foundation that can create shared digital databases of entries that are unchangeable. Initially, the tech’s developers conceived it as a way to centralize record-keeping (particularly of financial transactions) without the need for authorization by an third party. Instead, multiple users with access to the ...

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PHOTOS: Ridgewood Savings Bank celebrates its newest branch in Clinton Hill – Brooklyn Reporter

Brooklyn Reporter PHOTOS: Ridgewood Savings Bank celebrates its newest branch in Clinton HillBrooklyn ReporterThe ribbon was cut on Ridgewood Savings Bank’s latest branch on Tuesday, September 12 in Clinton Hill during its Grand Opening Ceremony. The location, 1035 Fulton Street, included speeches by President of Ridgewood Savings Bank and COO Leonard …

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Challenger bank Tandem to buy Harrods Bank

A challenger bank is set to buy Harrods Bank, in a move which would see existing customers of the luxury store’s spin-off moved across to the Tandem brand. The deal, which will bring about £80 million of capital to app-based bank Tandem, is still awaiting approval from the Financial Conduct Authority and the Prudential Regulation Authority, so ...

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