Randall M. Griffin has been named president and chief executive officer of Corporate Office Properties Trust, Columbia, Md., to replace its current CEO, Clay W. Hamlin III, who is retiring.Mr. Griffin has served as president and chief operating officer of the real estate investment trust since 1998, the company said. He has also been named a trustee of the REIT. Meanwhile, Mr. Hamlin has been appointed vice chairman of the board of trustees and will have a three-year consulting agreement to assist the office REIT with acquisitions and strategic initiatives. He has been a trustee and the company's CEO since 1997. The company can be found online at http://www.copt.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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