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PNC Financial Services Group in Pittsburgh has tapped an executive to become its director of community affairs and president of the PNC Foundation.
December 16 -
Georgia once was known as the state hit with the most bank failures. Renasant's agreement to buy Heritage Financial in Albany, Ga., is the latest of several deals where buyers have paid strong premiums to enter or expand in the state.
December 11
George Engelke Jr., former chairman, president, and chief executive of the Astoria Financial in Lake Success, N.Y., has died. He was 76.
Engelke joined Astoria in 1971 and was its CEO from 1989 until his
Under his leadership, Astoria grew from a relatively small mutual savings bank into what was the-fifth largest publicly traded thrift in the U.S. at the time of his retirement. The $16 billion-asset company grew with the help of acquisitions, including Fidelity New York Savings Bank, Greater New York Savings Bank and Long Island Savings Bank.
Engelke also served as chairman of the Federal Home Loan Bank of New York, was a director of the Community Preservation Corp. and chairman of the Savings Bank Association. A trained certified public accountant, he was also a member of the Financial Accounting Standards Advisory Council.
Engelke died over the weekend, though Astoria just
