Willard B. Soper, a former mortgage industry executive who held top positions with MidCoast Credit Corp., Melville, N.Y., and J.I. Kislak Mortgage, Miami Lakes, Fla., in the mid-1990s, is the new president of Savings Bank of Maine, Gardiner, Maine. Soper is part of an investor group, SBM Financial Inc., that has agreed to recapitalize the thrift; it had been operating under a cease and desist order from the Office of Thrift Supervision because of undercapitalization. The new chairman and chief executive is John W. Everets, the former CEO of GE/HPSC. Among the members of the new board of directors are David J. Ott, former chief banking officer of Banknorth and Richard D. Field, a co-founder of Lending Tree.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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