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Of course, 2020 has put that potential visit on the backburner. But Sanders started out 2021 by bringing a bit of North Dakota to New York, at least virtually and if he has his way, legislatively as well.
As the chair of the NY State Senate Committee on Banks, Sanders’ office co-convened an online conversation last week featuring other New York State and local legislators, labor leaders, national and local advocacy organizations and Eric Hardmeyer, president and CEO of the state-owned Bank of North Dakota. Sanders recently introduced a bill to establish a state-owned bank in New York, modeled largely after the North Dakota bank.
First Resource Bank Announces Tenth Consecutive Year Of Record Annual Earnings; Net Income Grew 40% Over The Prior Year
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EXTON, Pa., Jan. 27, 2021 /PRNewswire/ First Resource Bank (OTCQX: FRSB) announced financial results for the three months and year ended December 31, 2020.
Highlights through the year ended December 31, 2020 included:
Net income grew 40%
Non-interest bearing deposits grew 97%
Total deposits grew 33%
Subordinated debt offering was completed totaling $6 million
Total assets increased 26%, ending the year at $424 million
Nonperforming assets to total assets improved by 79%
98.7% of loans that were modified due to the pandemic have returned to a regular payment schedule
Cathay General Bancorp Announces Fourth Quarter and Full Year 2020 Results
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LOS ANGELES, Jan. 27, 2021 /PRNewswire/ Cathay General Bancorp (the Company , we , us , or our NASDAQ: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter and year ended December 31, 2020. The Company reported net income of $70.9 million, or $0.89 per share, for the fourth quarter of 2020, and net income of $228.9 million, or $2.87 per share, for the year ended December 31, 2020.
FINANCIAL PERFORMANCE
$0.89
$0.89
11.75%
HIGHLIGHTS
The net interest margin increased to 3.12% in the fourth quarter of 2020 from 3.02% in the third quarter of 2020.
Ohio BWC infusion of $5 billion will help small businesses survive
Ohio BWC Infusion of $5 Billion Will Provide A Lifeline To Small Business Owners Fighting To Survive
COLUMBUS NFIB, the state’s leading small business association, issued the following statement on the request by Ohio Governor Mike DeWine to the board of the Ohio Bureau of Workers’ Compensation to return an additional five billion dollars back to Ohio employers. This statement can be attributed to Roger Geiger, Executive Director for NFIB in Ohio.
“Ohio small business owners cannot thank the DeWine Administration and the Ohio Bureau of Workers’ Compensation (BWC) enough for returning an additional five billion dollars back to Ohio employers as they continue to be weighed down by this pandemic. This administration has pulled out all the stops to keep Ohio’s economic engine, small business, afloat. This goes a long way to assisting them retaining employees, paying utilities and rent, and keeping the doors