JPMorgan rolls out $20 billion investment plan after tax gains

(Courtesy of Reuters.com) JPMorgan Chase & Co (JPM.N) unveiled a $20 billion investment plan on Tuesday to hike wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the U.S. tax law and a more favorable regulatory environment. JPMorgan Chase & Co (JPM.N) unveiled a $20 billion … Continue reading JPMorgan rolls out $20 billion investment plan after tax gains

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Wells Fargo plans to close 900 branches despite $3.4bn tax boost

(Courtesy of Jacksonville Business News) Wells Fargo operates about 5,860 branches across the country. Wells Fargo plans to close about 900 branches as part of efforts to cut costs in the wake of its mis-selling scandal even though the bank’s profits received an immediate $3.4bn boost from the US corporate tax cut. Executives at the … Continue reading Wells Fargo plans to close 900 branches despite $3.4bn tax boost

Sixth-largest bank in Jacksonville makes top executive changes 

(Courtesy Jacksonville Business Journal)     Dennis Zember will start as CEO of Ameris Bank on Jan. 1. Ameris Bancorp (Nasdaq: ABCB), parent of Ameris Bank, announced key changes to its executive team for the new year. Dennis Zember, Jr. will start as CEO of Ameris Bank on Jan. 1, succeeding Ewin Hortman Jr. Zember … Continue reading Sixth-largest bank in Jacksonville makes top executive changes 

Wells Fargo makes sweeping changes to its board

(Courtesy of Jacksonville Business Journal)  Wells Fargo said Tuesday that the bank has taken what it calls “board refreshment actions” as it struggles to right the ship from a series of scandals that have damaged its once-sterling reputation as Main Street’s bank. The San Francisco-based bank said that board vice chairman Betsy Duke will succeed … Continue reading Wells Fargo makes sweeping changes to its board

Community First announces record $22 million in local business loans in 2016 annual report

(Courtesy of Jacksonville Business Journal) Community First Credit Union, one of the largest credit unions in Florida, released its 2016 annual financial report at its 83rd annual meeting held Thursday at the credit union’s headquarters. The annual report shows strong loan growth for the fourth year in a row and a record $22 million in … Continue reading Community First announces record $22 million in local business loans in 2016 annual report