|By PR Newswire||
|April 17, 2014 09:26 AM EDT||
WINTER HAVEN, Fla., April 17, 2014 /PRNewswire/ -- CenterState Banks, Inc. (NASDAQ: CSFL) today announced that it has hired Rick Ruso as Managing Director to boost loan trading and hedging activity at CenterState Bank ("CenterState"). Rick previously served as Managing Director at PCBB Capital Markets, and will now be responsible for helping to manage loan hedging (the "ARC Program") and the, soon to be released, National-to-Local loan sales program for CenterState and its nationwide network of correspondent banks.
"This is a difficult market for quality loan growth; banks must find ways to meet fixed rate demand, diversify across asset classes, and increase profitability without putting the balance sheet at risk," said Rick. "CenterState, with its industry expertise, balance sheet and national correspondent banking platform, is perfectly positioned to assist community banks in reaching the next level of performance."
Prior to PCBB Capital Markets, Rick Ruso maintained key accounts within Wells Fargo Bank's Real Estate Group. This experience provided a strong lending background to complement current duties in hedging, loan structuring and underwriting. Rick also worked as an analyst in Applied Materials' Corporate Trade Division. Rick received his Bachelor of Science and MBA from Santa Clara University.
"Rick will turbo charge our program as he has expertise in banking, commercial lending and hedging," said Chris Nichols, CenterState Bank's Chief Strategy Officer. "Most importantly, Rick is a great teacher and can work with financial institutions to explain new products and to help banks implement them to drive profitable growth."
For more information, please contact Chris Nichols at 925.202.8944 ([email protected]).
About CenterState Banks
CenterState Banks, Inc., headquartered in Davenport, Florida, is a $3 billion total asset sized bank holding company with a nationally chartered bank: CenterState Bank of Florida. Presently, the Company operates through 59 branches in eighteen counties throughout Central Florida, providing traditional deposit and lending products and services to its commercial and retail customers. The Company, through its Correspondent Division, also provides clearing/cash management, fixed income; loan sales services; hedging; foreign exchange; fed funds purchased products; safekeeping; bond accounting; asset/liability; strategic planning and consulting services to financial institutions located throughout the United States.
SOURCE CenterState Banks, Inc.
JFrog has announced a powerful technology for managing software packages from development into production. JFrog Artifactory 4 represents disruptive innovation in its groundbreaking ability to help development and DevOps teams deliver increasingly complex solutions on ever-shorter deadlines across multiple platforms JFrog Artifactory 4 establishes a new category – the Universal Artifact Repository – that reflects JFrog's unique commitment to enable faster software releases through the first pla...
Oct. 10, 2015 04:30 PM EDT Reads: 645
Oct. 10, 2015 04:00 PM EDT Reads: 391
Oct. 10, 2015 04:00 PM EDT Reads: 205
Oct. 10, 2015 03:00 PM EDT Reads: 260
Oct. 10, 2015 03:00 PM EDT Reads: 265
Oct. 10, 2015 02:00 PM EDT Reads: 505
Oct. 10, 2015 02:00 PM EDT Reads: 355
Oct. 10, 2015 02:00 PM EDT Reads: 307
Oct. 10, 2015 02:00 PM EDT Reads: 170
Oct. 10, 2015 01:45 PM EDT Reads: 170
Oct. 10, 2015 01:00 PM EDT Reads: 246
Oct. 10, 2015 01:00 PM EDT Reads: 759
Oct. 10, 2015 01:00 PM EDT Reads: 222
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Oct. 10, 2015 01:00 PM EDT Reads: 274
Oct. 10, 2015 01:00 PM EDT Reads: 169