the bc games society is a provincial crown corporation in british columbia created in 1977 .

the organization is the governing body responsible for the bc summer games and bc winter games , and manages the team bc program at the canada games .

bc games society

the bc seniors games society board oversees the 55 + bc games and provides event management to the host society .
the host society , through the bc seniors games society , will receive part of participant registration and sport fees .
the bc games society is the organization responsible for setting the ongoing policy and direction of the bc winter and bc summer games .
the 2018 games are the thirty - first annual 55 + bc games ( previously the bc seniors games ) games , and cranbrook has previously hosted the 1993 bc seniors games .
glenda has been involved in 57 bc games having been employed with the bc games since 1978 .
the 55 + bc games is an annual multi sport event produced by the bc seniors games society for 55 + population of bc to participate in the 20 to 29 individual sports .
the society has its office at 200 – 990 fort street in victoria , bc .
the bc games society manages the team bc program , which assembles a team of athletes , coaches , managers and mission staff to represent the province at the canada winter games and canada summer games .
“both the bc school sports board of directors and staff look forward to a strong relationship with bc games society to enhance and grow opportunities for youth in british columbia , ” said christine bradstock , executive director of bc school sports . “the bc winter and summer games showcase the best of bc and bc school sports is proud to be a supporter and partner of the society . ”
the bc games coach mentorship program is a partnership between viasport and the bc games society . it is designed to assist coaches in enhancing and developing their coaching skills in pursuit of coaching certification .
as the communications assistant for the bc games society , victoria is responsible for the design and creation of all graphic materials used in the promotion and operation of the bc games and team bc . victoria also works closely with the communications manager on the development and implementation of communications strategies for the society , and supports the event managers with planning and operational processes for the bc summer and bc winter games .
mission statement the bc games society is the leadership organization that guides the bc winter and bc summer games and prepares team bc for national multi - sport games . we build on the expertise and support of partners to create development opportunities for athletes , coaches , officials , volunteers , and communities .
base funding of $ 85 , 000 is provided by the province of bc through the bc seniors games society , plus a $ 5 , 000 legacy grant from the bcsgs .
kyler joined the bc games society as an event manager in 2014 . in that role , he assists host community volunteers in the planning , operation , and staging of the bc summer games . he is also responsible for participant registration and external transportation for each bc games , manages the planning and delivery of bc games g2g sessions , and provides general support for the team bc program .
following the philosophy of helping others lead , an extensive transfer of knowledge program provides tools , resources and templates to the host society to assist volunteers to create and implement a high quality event . a team of 10 experienced staff work for the bc games society including event managers who work directly with the host society volunteers .
as executive assistant , glenda provides support to the president and ceo and the bc games society board of directors and is responsible for the management of the administrative team . glenda also manages the day - to - day financial administration of the society and is responsible for the overall operations of the bc games office .
“we see bc games alumni making their mark as part of team bc and representing canada against the best in the world , ” said kelly mann , president and ceo of the bc games society . “this success speaks volumes to the opportunities british columbia athletes are given through the provincial sport system and events such as the bc summer games . ”
now named the bc games society , in 1994 , we shifted from a participation focused event to become a key part of athlete and sport development in the province .
during her tenure in the sport system , irene has worked and / or volunteered at over 55 multi - sport games including northern bc winter games , bc games , western canada summer games , canada games , and olympic and paralympic games . she served as the chef de mission for team bc for the 2011 western canada summer games which were held in kamloops .
irene has volunteered and worked in sport administration in bc since 1989 . since 1999 she has been with the bc games society where she is an event manager and also serves as the technology manager for the organization . in her position she provides support and resources to community volunteers as they plan and stage the bc summer games and oversees all computer and technology requirements for the society , including maintaining the society’s custom registration software , websites , and providing training to staff and volunteers . she also manages the partnerships with sports included in the bc summer games .
the registered society is a volunteer - based charitable organization and consists of an executive committee , 12 zone directors and 12 zone committees who administer the 55 + bc games .
he was the assistant manager of the national rowing team at the 2008 summer olympic games and has been part of several bc games , western canada summer games , and canada games .
the bc games society is the leadership organization that guides the bc winter and bc summer games and prepares team bc for national multi - sport games . since 1978 , the bc games have taken place in 38 communities and brought together thousands of athletes , coaches , officials , volunteers and spectators in celebration of sport and community excellence . it is a milestone event that people count as an exceptional experience where memories , friendships , spirit , and pride are abundant .
the bc seniors games society , is a volunteer membership driven organization and needs 600 + volunteers to produce the annual 55 + bc games . membership is $ 20 . 00 and you do not need to be 55 years of age to become a member of the society , but only the 55 + members have the voting privileges at the yearly annual general meeting .
all contributions to bcsgs go directly to helping make the 55 + bc games achievable .
we are looking for members and volunteers who wish to be actively involved at the zone level , to assist the society in producing the 55 + bc games , for the benefit of the 55 + population of bc , and showcasing this age group .
the bc games society is proud to announce $ 40 , 000 in funding from the powering potential fund to support important equipment investments for four summer sports - rowing , swimming , triathlon , and wrestling .
the bc games society and bc school sports are leaders in providing opportunities for the development of athletes and coaches in british columbia . these two organizations have formalized a new partnership which will see a coordinated effort to capitalize on joint initiatives for the benefit of our shared audiences .
the bc winter and bc summer games offer important competitive and developmental opportunities for all eligible participants of bc . bc school sports offers programs and services directed towards student - athletes and / or the volunteer teacher and community coaches who spend hours of time helping students to achieve their goals .
since 2003 , lia has been the communications manager for the bc games society where she is responsible for planning and implementing marketing and communications strategies for the bc games . she leads public and media relations , brand management , and sponsorship compliance for the organization as well as creating systems and templates for volunteers . she was a member of the team bc mission staff at the 2015 and 2017 canada games . a highlight of her career was volunteering at the 2010 olympic winter games in vancouver .
participants in the program will receive access to educational opportunities , full accreditation as team staff at the bc games , travel and accommodation at the bc games and professional development opportunities for both the mentor and the apprentice .
team bc represents the best athletes , bc ' s collective sport system , and the contribution to healthy , active lifestyles .
the strength and ongoing success of the provincial sport system is based , in part , on the need for strategic alliances and partnerships . bc school sports and the bc games society have worked in parallel for many years but recognized the benefits and new possibilities that could be created by forming a working partnership .
“school sports contribute greatly to a student’s well being and the learning and coaching they receive from their school coaches contributes to their overall performance , ” said kelly mann , president and ceo of the bc games society . ‘our bc games athletes , coaches and officials benefit greatly from school sports and this partnership will reinforce the opportunities both organizations can provide . ”
information on the criteria for sport selection and the complete sport package for the 2016 bc summer games is available at www . bcgames . org . the abbotsford 2016 bc summer games will take place july 21 - 24 , 2016 .
“the bc summer games are the first elite experience that our athletes have in our developmental pathway and it helps inspire them to achieve their athletic goals and dreams , ” said chris densmore , executive director of volleyball bc . “the bc games are also important for us to develop our rising coaches . we look to hire coaches a year before the games and provide support for certification and preparation leading up to the games . ”
the city of kimberley has committed $ 30 , 000 cash and $ 25 , 500 of in - kind value to support the host society .
the city of cranbrook has committed $ 30 , 000 cash and $ 25 , 500 of in - kind value to support the host society .
interview with nancy greene - raine on how great it is sun peaks is host mountain for the kamloops 2018 bc winter games .
the bc games is one of the largest sports events in north america . these games are directed at young , developing athletes and provide an important step in the athlete development progression of participating sports .
the cowichan 2018 bc summer games will kick - off on thursday , july 19 with an opening ceremony that will inspire , delight and entertain .
local singer / songwriter lindsay elzinga has brought a new voice to the cowichan 2018 bc summer games with an original song titled
colours
.
the bc games were originally a vision of premier w . r . bennett who believed in providing “an opportunity to bring all parts of bc together , large and small communities , in the spirit of sport and friendship” . mr . bennett’s vision for the bc games has provided a substantial foundation and structure on which excellence in sport and community has been and continues to be built .
the cowichan 2018 bc summer games kick off in less than one month and 3072 of bc’s best emerging high performance talents have registered and are ready to be part of this celebration of sport and community which runs july 19 - 22 .
the sports in the bc summer games are led by provincial sport organizations who have demonstrated their commitment to athlete development , coaching certification , and officials’ training .
from figure skating to basketball the therapy dog team have been some of the most popular visitors at the kamloops 2018 bc winter games competitions over the weekend .
the society works in partnership with governments , businesses and not for profit organizations , in and out of the sport sector , in the planning and staging of the games . the organization is recognized as a leader in multi - sport event and volunteer management .
local “friends of the games” ( business , industry , etc . ) will contribute additional cash and in - kind contributions to support these games
up to twenty apprentice - mentor pairings are available for each of the 2018 bc summer games . the program is flexible allowing mentors to support more than one apprentice .
join us in kimberley / cranbrook for the 31st annual 55 + bc games . attracting over 2 , 500 55 + athletes from across the province to compete in 23 sports .
the bc games society announced today the 18 sports that will be part of the abbotsford 2016 bc summer games . up to 2754 athletes , 535 coaches , and 378 officials will compete in athletics , baseball , basketball ( traditional full - court and 3x3 ) , canoe / kayak , equestrian , golf , lacrosse ( box and field ) , rowing , rugby , sailing , soccer , softball , swimming , synchronized swimming , towed water sports , triathlon , volleyball ( beach and indoor ) , and wrestling . para athletes will compete in equestrian and swimming and special olympians will compete in athletics and swimming .
the bc games provide a valuable multi - sport competition opportunity for young athletes and are the first step on the path to national and international success . olympic and paralympic medalists such as brent hayden ( 2012 olympic bronze - swimming ) , karina leblanc ( 2012 olympic bronze - soccer ) and robert hedges ( 2012 paralympic gold–wheelchair basketball ) all started their sport careers with a trip to the bc games .
friends of the games : aqua pure premium water , bc tree fruits , blackwell dairy , cascades casino , lee ' s music , omega ltd , rogers rental , smith chevrolet cadillac ltd . , and sunrype
kamloops gymnast rebecca wharton was presented with the w . r . bennett award for athletic excellence by the honourable judith guichon , lieutenant governor of british columbia at the closing ceremony of the 2018 bc winter games .
an estimated 1 , 500 + volunteers will be involved in planning and staging the games .
ensure aboriginal apprentice coaches are prepared to handle a meaningful role during the canada games experience .
after four days of exciting action , the 2018 bc winter games wrapped up in kamloops . over 1200 athletes competed in 19 sports at venues throughout kamloops and sun peaks representing their home zones with determination and pride .
for all sport zones outlined below you’ll find contact information for executive and sport coordinators . if you have any questions or are interested in participating in the 55 + bc games please don’t hesitate to get in touch with us .
the team bc program is more than british columbia ' s best ; it is also about building excellence . for some athletes , competing at these premiere competitions are a goal along the way to what they hope will be success in sport at major multi - sport games including olympic and paralympic games . for others , it is the goal , their personal dream . team bc is also about getting to know other canadians and building a lifetime of memories .
bcss is a voluntary non - profit society and charity with a membership of 425 schools and has served the athletes and volunteer coaches in our province for over 44 years . bcss’s mission is to provide governance for interschool competition , encourage student participation in extra - curricular athletics and assist schools in the development and delivery of those programs .
prior to joining the bc games society , kyler worked in municipal recreation as a programmer with the cowichan valley regional district and the town of osoyoos . his experience in sport has also included roles with the brock university department of athletics , the ymca of niagara , and right to play . he has a degree in sport management from brock universtiy in st . catharines , ontaroio and currently sits on the camosun college sport management program advisory committee . in his spare time , kyler enjoys exploring the outdoors throughout the pacific northwest with his girlfriend and two dogs . you can catch him every week at the rink as he tries to hang on to fleeting nhl dreams .
the purpose of the canada games apprenticeship program is to provide women coaches with a practical and integrated major national multi - sport games experience . selected coaches have direct involvement in preparation and competition and receive support from an identified mentor coach throughout the duration of the program .
a commitment from the mentors and apprentices to complete the goal setting workbook by set deadlines , dedicate approximately 6 - 10 hours before attending the bc games ( which can include establishing the mentor - apprentice relationship , goal setting , practice / training times , etc . ) and attending the two assigned professional development opportunities .
lia is a patriotic canadian , a mascot collector , and an active mother of two children . she enjoys giving back by coaching youth sport and serving on the board of the bc wheelchair sports association .
the canada games are a national multi - sport competition with participation from every province and territory in canada and take place on an alternating summer / winter cycle every four years .
twelve directors working in distinct planning areas ( directorates ) will coordinate approximately 75–80 volunteer chairs , each of whom has a committee of volunteers responsible for different aspects of the games planning and operation .
the women in coaching canada games apprenticeship program is a partnership between the provincial / territorial coaching representatives ( ptcrs ) , the canada games council ( cgc ) , and the coaching association of canada ( cac ) . this program provides the opportunity for each province and territory to send two female coaches to the canada games in apprenticeship roles . the cgc , the cac , and ptcrs strongly believe that the apprenticeship program is an essential part of the development of a coach . furthermore , apprenticeship programs can be used as a means to build capacity in underrepresented populations in coaching , such as women and aboriginals .
the aacp is a partnership between the aboriginal sport circle ( asc ) , the provincial / territorial aboriginal sport bodies ( ptasbs ) , the provincial / territorial coaching representatives ( ptcrs ) , the canada games council ( cgc ) , and the coaching association of canada ( cac ) . the program provides the opportunity for each province and territory to send 2 coaches of aboriginal ancestry to the canada games in apprenticeship roles .
1 . contact the registrar of your zone to let them know you are upgrading as a participant or a supporter and determine where to send your payment . 2 . members only please fill out a games registration form ( available on the website by clicking here or from your zone registrar . ) 3 . submit games registration form ( members ) and upgrading fees as directed by your zone registrar . 4 . you will receive an email confirmation from the zone registrar when your registration is complete .
provide aboriginal apprentice coaches with professional development and learning opportunities to prepare them for high level coaching and ensure an increase in their level of nccp ion to a minimum of competition – development , trained . ( apprentices complete training within 12 months following the games ) ;
irene is the past chair of promotion plus ( the provincial organization for girls and women in sport and physical activity ) , a past board member with the sport bc , and has been an in - school mentor with big brothers big sisters victoria since 1999 . in her free time , irene enjoys spending time with family and friends and stretching her creativity through a variety of pursuits .
1 . contact the registrar of your zone to let them know you are interested in participating and where to send your registration forms and payment 2 . fill out a membership form and release of liability , waiver of claim and assumption of risk form and games registration form ( available on the website by clicking here or from your local sport coordinator ) 3 . submit forms and fees as directed by your zone registrar . 4 . you will receive an email confirmation from the zone registrar when your registration is complete .
1 . check to make sure you are eligible to compete . ( check here ) 2 . choose which sport you’d like to compete in . ( list of sports here ) 3 . determine which zone you are located in . ( zone map ) 4 . contact the sport co - ordinator of your zone to let them know you are interested in participating and to find out the details of any playdowns and where to send payments 5 . fill out a membership form and release of liability , waiver of claim and assumption of risk form and games registration form ( available on the website by clicking here or from your local zone sport coordinator ) 6 . submit forms and fees as directed by your zone sport co - ordinator . 7 . you will receive an email confirmation from the zone registrar when your registration is complete .
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a young age , as both a recreational athlete and a coach for both hockey and basketball . she now enjoys paddling and running , but only to pass the time while she waits for the snow to return and she can enjoy her true sport passion of alpine skiing . victoria is married with two young daughters .
jarret was the assistant coach of the camosun college women ' s volleyball team program for five years and continues to stay involved in the local volleyball community . a former varsity and provincial team indoor and beach volleyball player , jarret now enjoys playing recreationally , as well as golf , tennis , fishing , gardening and spending time with his family .
lia is a committed sport leader who has been passionate about sport and physical activity throughout her life . active as a child in school and community sports , lia eventually specialized in field hockey and competed at a provincial and varsity level winning three national titles as a member of the university of victoria vikes . with her degree in kinesiology and a love of sport , she created a career in sport as an event and communications specialist .
we gratefully acknowledge the financial support of the province of british columbia through the ministry of tourism , arts and culture .
1 . contact the registrar of your zone to let them know you are interested in being a member and determine where to send your registration forms and payment 2 . fill out a membership form and release of liability , waiver of claim and assumption of risk form and registration form ( available on the website by clicking here or from your zone registrar ) 3 . submit forms and fees as directed by your zone registrar . 4 . you will receive an email confirmation from the zone registrar when your registration is complete .
if you are having any problems , please don’t hesitate to contact one of your zone volunteers or email us at info @ urltoken . we are glad to help !
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the board resourcing and development office website has moved . please update your bookmarks to : urltoken you will be redirected to the
crown agencies and board resourcing office
website . this redirect page will be removed after march 31 , 2018 .
this archive of 250 news is hosted by the exploration place museum and science centre . view the entire archive .
over 2 , 500 participants aged 55 + from across british columbia are expected to compete .
original premise : the sport and recreation development for seniors will have a direct bearing on the quality of life for older british columbians and the province as a whole .
coaches interested in serving as a mentor coach , as well as those interested in being an apprentice , should contact their provincial sport organization ( pso ) . applications are submitted by psos and psos may be able to assist with matching apprentices and mentors .
we value your privacy and never share your personal information . you can unsubscribe at any time . see more in our privacy policy .
learn more about our strategic pillars , goals and priorities to increase awareness and participation in sport across the province of british columbia .
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the bcss board of directors relies upon the dedication , commitment and efforts of over 20 , 000 volunteers to run inter - school athletic programs for the 19 sport commissions that conclude with the 162 zone playoffs and 53 provincial championships .
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silver sponsors : bclc , interior savings insurance services inc . , and new gold – new afton mine
bronze sponsors : binnie consulting , domtar – kamloops , horizon north , kghm ajax mining inc . , and teck
kamloops draft an athlete donors : anavets # 290 , cascades casino , kamloops seniors village retirement concepts , don and sandy moores , fraternal order of eagles # 3453 , jeff glaicar , kamloops blazers hockey club , lifelabs , mcelhanney , nandi spoila , r . f . binnie & associates ltd . , roxanna ferguson , united steel workers local 7619 , urban systems , and westminster savings credit union
click on the locator in the map to see details of the venue ( sport , address , etc . ) .
view in a full screen map with a list of venues by clicking here or by selecting the full screen mode icon ( ) at the top right of the map .
the bcss board of directors relies upon the dedication , commitment and efforts of over 20 , 000 volunteers to run inter - school athletic programs for the 19 sport commissions that conclude with the 162 zone playoffs and 53 provincial championships . for more information visit urltoken
communities represented brackendale , burnaby , burns lake , campbell river , comox , courtenay , cranbrook , enderby , golden , kamloops , kelowna , nelson , north vancouver , pemberton , prince george , revelstoke , rossland , salmon arm , slocan , smithers , telkwa , vancouver , vernon , west kelowna , williams lake .
communities represented black creek , burnaby , burns lake , campbell river , comox , courtenay , cumberland , fernie , golden , kamloops , kelowna , kimberley , kootenay bay , mount currie , nelson , north vancouver , pemberton , penticton , port coquitlam , prince george , revelstoke , rossland , salmo , salmon arm , slocan park , smithers , squamish , telkwa , terrace , vancouver , vernon , victoria , whistler , williams lake .
we gratefully acknowledge the financial support of the province of british columbia through the ministry of community , sport and cultural development .


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the woman at the center of the storm surrounding world bank president paul d . wolfowitz has spent the past few months trying to get one of the signature efforts of president bush ' s middle east democracy campaign off the ground .
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bank of america moves up seven places to no . 88 . profitability has been hammered by legal probes with many tied to the bank’s acquisitions of countrywide financial and merrill lynch during the financial crisis . bank of america was hit with a record $ 16 . 7 billion settlement of government mortgage probes in august . the $ 2 . 1 trillion bank was the only one of the big four to post increased revenue over the past year .
signature focuses primarily on the needs of privately owned businesses with at least $ 20 million in revenue . but depaolo says the bank will also target a law firm with $ 2 million in billings because it has a $ 35 million escrow account . “this is where we thrive because that client gets lost with the big institution , ” he says . signature’s attention to law firms helped it get named best business bank by the new york law journal this year in their annual reader survey .
as a commercial bank catering primarily to privately owned businesses , signature bank knows firsthand the importance small business plays in the health and vibrancy of our nation ' s economy ,
frank said in a statement .
i am excited to be part of all this in my new capacity as board member and in working with the other directors and management .
the cozy relationship signature had with the money manager and his now - bankrupt investment firm helped advance the scheme , according to the lawsuit .
by providing a level of service that is simply unparalleled in the banking industry , we can say ,
service is our signature .
signature plaza / 3878 n . crossover rd . p . o . box 8550 fayetteville , ar 72703 phone : ( 479 ) 684 - 3700
in a lawsuit in a florida state court , the investors are suing signature , accusing it of helping the money manager pull off his ponzi scheme by ordering him to shift money around the dozens of accounts he kept at the bank to cover long - term overdrafts .
“signature bank itself lost several millions of dollars as a result of landberg’s fraud , ” the spokeswoman , susan lewis , said in a statement . “we understand that plaintiffs’ attorneys are looking for any deep pockets and that these types of suits have become all too common . ”
the top - ranked bank this year is ontario , calif . - based cvb financial . cvb is the holding company for citizens
bank , which has serviced southern california as well as the central valley area for more than 40 years . it is the 93
“we look forward to these allegations being determined as false , and the claims denied , ” the bank said in its statement .
the new restrictions on executive compensation and dividend payouts has made aid from the troubled asset relief fund less palatable to bank managers .
signature chicago wealth management is personally invested in your success . our mission is to provide personalized , comprehensive investment advice to help you reach your financial goals .
signature , which launched in 2001 , has about $ 29 billion in assets and serves primarily small businesses around new york . it has few retail branches .
national bank of commerce is not responsible for and has no control over the subject matter , content , information , or graphics of the websites that have links here . please contact us with any concerns or comments . © national bank of commerce . all rights reserved .
regions bank ( “regions” ) appeals from an order of the madison circuit court denying its motion to compel arbitration . we reverse and remand .
our tile & stone business seemed too small for the big banks . then someone recommended signature bank . their sba lending team understands small business . they know time is of the essence – and they went beyond the call of duty to structure a deal that helped us buy the building we had been renting for…
restaurant loans are tough , but the sba lending team at signature bank was very gracious , helpful and professional . they not only helped us correctly structure the loan , they were as excited as we were ! they are like community cheerleaders for small business . now we see them and their other clients all the time for lunch…
the overseas market looked promising for my chinese herbs and supplements business , ” said warren cargal of acupuncture atlanta . “but to make it work , i needed funds to upgrade my website and export infrastructure . that’s where signature bank came up with an innovative solution : refinancing current debt with an sba loan which provided favorable terms that…
for 17 years i’ve trusted my banker , nicole klein , with my financial needs and having her with a local community bank like signature ensures she can continue to customize solutions for me . the respect , advice , and responsiveness i receive from nicole and her team leave me confident that my practice and i are a priority . …
investors filed suit against signature this year after the company lost $ 66 million of investor cash in a scheme run by william landberg , a money manager , who pleaded guilty to the crime in 2011 . investors allege that signature helped landberg by ordering him to shift money around dozens of accounts to cover up long - term overdrafts , according to the new york times .
he eventually persuaded a german bank to lend him $ 8 . 5 million to pay off some investors , maintaining the illusion that his strategies were performing .
it ' s the first time the co - author of the landmark dodd - frank reform law has joined a bank since leaving congress two years ago .
“as a businessman for nearly 30 years i can truly say i have never had a comfort level to this degree with a bank . i have always dealt with local community banks but this one is different . bank presidents i’ve encountered tend to put a buffer between their clients and themselves . not freddie deutsch . i…
he also moved investor money out of an account at signature that was supposed to be left untouched and used it for unauthorized purposes , including $ 1 . 5 million for himself and his family .
signature has racked up an impressive financial performance . it has posted 20 straight quarters of record earnings . return on average equity of 13 . 8 % over the last 12 months ranks fifth among the 100 largest banks . the bank also ranks in the top five for nonperforming assets as a percent of total assets ( 0 . 1 % ) , nonperforming loans ( npls ) as a percent of total loans ( 0 . 15 % ) and reserves as a percent of npls ( 634 % ) . while many banks are struggling to increase revenue , signature posted growth of 21 % over the past year . wall street recognizes the level of signature’s asset quality and performance , as the stock trades at 2 . 5 times book value , third most expensive among the 100 biggest banks .
citigroup’s return on average equity fell to 4 . 5 % this year from 6 . 4 % and ranked 90 th overall . the bank’s risk based capital ratio and tier 1 risk based ratio are also both down and now rank in the bottom half of big banks . the leverage ratio for the country’s third biggest bank jumped nearly a full percentage point to 9 % . lastly , revenue growth continues to be a challenge for the $ 1 . 9 trillion bank with revenues down for the fourth straight year .
top heavy , doesn ' t promote within . a lot of lower level managers have been there since the bank opened and won ' t move other employees up that deserve it
former rep . barney frank ( d - mass . ) announced wednesday he is joining signature bank ' s board of directors . the former chairman of the house financial services committee was instrumental in drafting the 2010 dodd - frank wall street reform law , which shares his name . the pairing seems odd , given that frank has frequently worked for more banking regulations often opposed by the industry .
the nation’s biggest bank , jpmorgan chase with $ 2 . 5 trillion in assets , clocked in at no . 73 , down 19 spots . revenues fell 4 . 6 % and the bank’s risk ratios were also down . the bank paid nearly $ 20 billion in 2013 to resolve various legal issues . it remains a problem with an unexpected legal expense of $ 1 billion related to a foreign - exchange probe surprising analysts in its latest quarter . jpmorgan’s net interest margin of 2 % is the sixth - lowest among the 100 biggest banks .
a pair of aggressive american hedge funds is suing the french bank bnp paribas , alleging that it botched a $ 650m ( £531m ) islamic bond backed by a controversial gulf tycoon .
coming in with the best scores in both the large and mid cap segments are insurance outfits cincinnati financial corporation and erie indemnity company , both with average agrs of 99 . following close behind with an average agr of 98 is westamerica bancorporation , the mid cap holding company of regional community bank westamerica bank . community trust bancorp ranks first among small cap companies , with an average agr of 95 .
the appointment is mr . frank ' s first to a bank board since retiring from congress in 2013 . he succeeds former board member alfred delbello , a onetime lieutenant governor who died last month .
minnesota bank & trust was named on the list of wealth management firms by minneapolis st . paul business journal , and is considered among the best in our industry . thanks to mspbj for the recognition .
some of the money made its way from signature accounts holding west end investor money to mr . landberg’s personal accounts , used to pay for a driver , garage expenses , charitable and political contributions and personal expenses charged to an american express account .
bank wherever you happen to be , day or night , 24 / 7 with our mobile banking solutions . this ensures efficiency , improves cash flow and keeps you up - to - date in real time .
puerto rico - based doral financial ranks last for the third straight year . the island ' s biggest bank has been hampered by puerto rico ' s nearly unbroken eight - year recession . the gap between doral and no . 99 hudson city bancorp is severe with doral posting the worst results of any bank in six of the nine metrics we measured . doral ' s stock is off 76 % over the past year .
the lawsuit cites correspondence between mr . landberg and signature executives acknowledging that money should not be transferred from certain accounts because it was investor money and violated the account agreement . still , money was moved to cover hundreds of thousands of dollars in overdrafts and related charges .
in october 2011 , mary n . rice opened both a savings account and a checking account with regions . rice opened each account by signing a one - page signature card indicating that she was agreeing to certain terms . among other things , the signature cards provide : “by signing below , i ․ ( a ) agree to be bound by the terms of [ regions ' ] deposit agreement ․ [ and ] ( b ) acknowledge receipt of a copy of the applicable deposit agreement . ” the deposit agreement referenced by the signature cards contains a broad arbitration provision giving either party the option of arbitrating “any controversy , claim , counterclaim , dispute or disagreement” between them . the arbitration provision also contains a provision ( “the delegation provision” ) requiring an arbitrator to decide any threshold dispute regarding the arbitrability of a particular controversy .
entering our 13th year as the only community bank headquartered in sandy springs , we are honored to serve the metro communities with a boutique - style approach that focuses on the individuality of our clients and helping fulfill their financial aspirations .
the banking industry has largely recovered from the financial crisis of 2007 - 08 . there were only eight bank failures last year compared to 157 in 2010 . the fdic’s problem bank list stood at 203 in september , the lowest level since 2008 , compared to a peak of 888 in march 2011 . but the december rate hike by the federal reserve brings uncertainty as banks grapple with the question of whether more rate increases are coming and how quickly , or if rates will stay closer to zero for longer .
“over a 40 - year career in elected office , i not only took contributions from [ the finance ] industry , i requested them , ” he wrote in politico in december in a piece entitled “yes , i took bank money . and it made me a better regulator . ”
biggest bank in the u . s . and ninth - largest headquartered in california , with $ 7 . 6 billion in assets . cvb has been incredibly consistent , logging 154 straight quarters of profitability , even through the depths of the financial crisis , and 105 consecutive cash dividends .
it isn ' t clear how much money mr . frank will make from his new job , but signature typically pays its directors about $ 60 , 000 a year in cash and also pays them in stock . mr . frank was granted 1 , 913 shares with a market value of about $ 280 , 000 that will vest next march .
west end financial advisors had 37 accounts at signature , some of them mr . landberg’s and others for his business and investment funds . as of april 2009 , it had 110 investors who thought they held stakes in a variety of private alternative investment funds focused on real estate projects or credit and other fixed - income strategies intended to generate steady returns .
the bond , known as a sukuk , was backed by property and a note from al - sanea promising to honour his debt if the structure collapsed . fortress and cyrus allege that bnp paribas failed to make sure that al - sanea’s signature on the note was a “wet - ink original” , meaning that it was not “properly executed as a matter of…
mr . frank ' s name is on the dodd - frank act , a financial reform law that is highly unpopular among many bankers . but officials at signature said they are happy to have mr . frank join their boardroom .
we specifically seek members … who share diverse perspectives and possess strong decision - making capabilities ,
said chairman scott shay .
there is a massive gap in size between the four biggest u . s . banks and everyone else . wells fargo with $ 1 . 75 trillion in assets is the fourth biggest bank and four times bigger than u . s . bancorp , which ranks fifth in size . the entire big four , which also includes jpmorgan chase , bank of america and citigroup , have a combined $ 8 . 1 trillion in assets . these four banks operate on a different business model with non - interest income often representing 60 % or so of revenue , compared to 20 % at many of the other top 100 banks .
among those suing signature is the former television talk show host richard bey , a childhood friend of mr . landberg’s . the two attended far rockaway high school in queens , n . y . , together . ( it also happens to be the alma mater of bernard l . madoff . ) many of the other investors were also former close friends or associates of mr . landberg’s .
riza moved to the foundation in december 2006 to become senior adviser to its executive committee and board of directors , according to documents released yesterday by the world bank . the one board member from the united states is retired supreme court justice sandra day o ' connor , who was traveling yesterday and could not be reached for comment .
none of the big four could crack the top 50 , with wells fargo the top performer at no . 52 . snl’s clark credits wells’ strong management team for the company’s performance . wells’ 17 . 6 % return on average tangible common equity ranks 10 th overall . jpmorgan ranks no . 62 , followed by citigroup at no . 74 and bank of america at no . 90 . wells fargo was the only one to post positive revenue growth over the last 12 months . wall street has a similar take on the big four . bank of america and citigroup are the cheapest stocks at 0 . 7 times book value . jpmorgan clocks in at 1 . 1 with wells at 1 . 6 .
prosperity bancshares , headquartered in houston , moves up four spots to no . 3 this year . the $ 22 billion bank has the highest return on average tangible common equity at 22 % . the average for the 100 largest banks is 12 % . prosperity also fares well for its efficiency ratio , return on average assets and low level of nonperforming assets .
wells fargo ranks no . 82 overall , down nine spots . wells remains the most profitable of the banking giants with return on equity at 13 . 1 % ( sixth overall in the top 100 ) , but the bank is still plagued by high levels of nonperforming loans and assets due to its large mortgage portfolio . the stock is up 24 % over the last 12 months .
in march 2015 , rice sued regions , alleging that regions was liable for a fall she suffered on regions ' premises . regions filed a motion to compel arbitration , citing the arbitration provision in the deposit agreement . rice opposed the motion to compel arbitration , arguing that her claim is not arbitrable . specifically , rice argued that her claim is beyond the scope of the arbitration provision . she also argued that the arbitration provision is invalid , void , or unenforceable because , she said , she did not have an opportunity to read the arbitration provision before she signed the signature cards , the signature cards “included” the arbitration provision by reference rather than including it in the document she signed , and the arbitration provision is unconscionable . in response , regions argued that , under the delegation provision , an arbitrator must decide the threshold issues of arbitrability raised by rice in opposing arbitration . regions also addressed the merits of rice ' s argument regarding arbitrability , arguing that her claim against it is arbitrable .
last year’s top 50 banks returned 7 . 2 % on average in the stock market , twice the return of the bottom 50 . puerto rico’s doral financial , which ranked last three straight years , was one on the eight banks to fail last year . it was the largest u . s . bank failure since 2010 . doral was plagued by improper accounting and puerto rico’s nearly decade - long economic slump .
as your financial needs grow and evolve , we have the acumen and expertise to keep pace . at national bank of commerce , our financial experts bring a unique perspective to help you plan for your future . and we do it all with a level of personal service that will rewrite your standard of what exceptional service looks like . no matter what your financial future holds , nbc stands ready to help you make more possible .
cvb ranked among the top 15 in half of the 10 metrics we used to rate the banks . its net charge - offs as a percent of average loans were the lowest in the country and its risk - based ratios also ranked among the best . cvb’s stock is up 11 % over the past year compared to 1 % for the widely followed kbw bank index . the stock currently trades at 1 . 9 times book value .
one side effect of the chase manhattan corporation ' s acquisition of j . p . morgan almost two years ago was supposed to be that consumers in new york city would have little room for choice , industry experts and commentators said . after all , consolidation over several decades had transformed new york from a city with several dozen big banks to a place with only three major choices : chase , citibank and the bank of new york .
the renewed health of the financial industry has led to increased m & a activity . there were 272 deal announcements this year in the banking sector through dec . 14 , according to charlottesville , va . - based financial data provider snl financial . this compares to 214 over the same period in 2013 . there were only 152 deals in all of 2011 . “we are seeing a relatively healthy industry at the moment , ” says snl bank analyst tyler hall .
a letter dated oct . 1 , 2006 , from anwar ibrahim , the foundation ' s chairman , to robin cleveland , wolfowitz ' s counselor , said that if riza moved from state to the foundation , she would recruit staff , supervise the hiring and training of senior management in the middle east , identify programs to receive grants and supervise the implementation of policies on programs , finances and administration .
the bank concurs with this proposal ,
cleveland handwrote on dec . 14 , 2006 .
since september 2005 , the world bank has paid riza ' s salary - - which under the terms of a contract dictated by wolfowitz included automatic raises that has brought it to $ 193 , 590 tax - free - - while she was seconded to the state department to assist on middle east democracy issues . there , she worked under elizabeth cheney , who was then principal deputy assistant secretary ; wolfowitz worked for cheney ' s father as an undersecretary of defense in the george h . w . bush administration .
the news isn ' t all good for the banking industry . the four biggest u . s . banks have racked up $ 122 . 5 billion in crisis and mortgage - related settlements , according to snl . bank of america leads the way with $ 73 . 5 billion in levies . another concern : net interest margins thanks to the extended low interest rate environment . “margins are still on the compressed side , ” says hall , who points to snl data showing net interest margins of 3 . 12 % in the third quarter at their lowest level since 1991 .
former u . s . rep . barney frank is seen in new york city , march 17 , 2015 .
sen . bernie sanders smiles during a rally at indiana ' s purdue university in fort wayne , may 2 , 2016 . he won the indiana primary the next day .
the past few months of national politics have been dominated by speculation that the republican national convention could turn ugly . it now appears the democrats are headed toward their own version of convention conflict .
frank ' s appointment could prove to be a hurdle for sanders , who says he should be able to influence the democrats ' platform since he piled up a significant number of votes and won many states during the nominating season . one of the issues he is almost certain to push is wall street banking reform , which has been a cornerstone of his campaign message .
between 1989 and his retirement in january 2013 , frank raked in more than $ 1 million worth of campaign donations from the securities and investment industry , according to crp data . more than a third of that cash haul came during the 2010 election cycle , when frank was involved in sculpting new wall street rules — which some critics including sen . sanders say did not go far enough to rein in the industry after the crisis .
in 2012 , frank told npr that such donations inevitably influence those in position to wield political power .
people say , ' oh , it doesn ' t have any effect on me , '
he said at the time .
well , if that were the case , we ' d be the only human beings in the history of the world who on a regular basis took significant amounts of money from perfect strangers and made sure that it had no effect on our behavior .
in the months before his appointment to oversee the democratic party’s platform , frank has touted all the money he accepted from the financial industry .
of late , though , frank has changed his tune . while promoting clinton’s candidacy , he has called the vermont senator “mccarthyite” for demanding clinton release transcripts of her paid speeches to wall street groups . frank has also started arguing that his own willingness to take finance industry cash was a good thing .
“since retiring three years ago , i have again not only accepted fees from financial companies and finance groups , but i’ve solicited opportunities to do so through my agents . i’ve also served for two years on the advisory board of first alliance , a company that deals with residential mortgages . ”
the former house member argued , “by demonizing finance - industry contributions , we’re effectively insisting that instead of 80 percent of the industry’s contributions going to opponents of regulation , it should be 95 percent or more . is this money corrupting ? in my own experience , it’s more reasonable to see it as a form of political self - defense unlikely to dilute their support for reform . ”
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credit quality has improved for the banking industry , but increased growth and profitability remain challenging in a low interest rate environment . the net interest margin for banks was 3 . 02 % in the first quarter of 2015 , which was a 30 - year low according to the fdic . “big banks have been forced to raise a lot of equity and raise expenses to comply with all of the regulatory orders , ” says snl financial senior analyst robert clark .
with that in mind , forbes turned to charlottesville , va . - based financial data provider snl for raw numbers that shed light on growth , credit quality and profitability for the 100 largest banks and thrifts . forbes used 10 metrics to rank america’s best banks . ( click here for a detailed methodology and a complete ranking of the 100 biggest banks ; the data was drawn from regulatory filings through sept . 30 ) .
- follow me on twitter or facebook . read all of my forbes stories here .
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law360 , new york ( march 30 , 2012 , 7 : 01 pm edt ) - - the u . s . securities and exchange commission will seek up to $ 13 million in its suit against a former officer at failed new york investment firm west end financial advisors llc , whose ceo has already admitted involvement in criminal fraud , the agency said friday .
the commission will ask for up to $ 135 , 000 in penalties for each of the 97 investors west end ' s former chief financial officer steven gould allegedly defrauded , sec lawyer howard a . fischer told u . s . district judge p . kevin castel at a hearing friday . . . .
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earlier this month , forbes released the 2014 list of the america’s 100 most trustworthy companies , based on data from proprietary ratings provider and investment advisor gmi ratings . the list included publicly - traded north american companies of all sizes and industries except one : financial companies , more specifically , banks and insurance companies .
james kaplan , director of gmi ratings , says that measures taken in the wake of the financial crisis have led a high number of financial institutions to rank among the most trustworthy in america , according to gmi’s criteria . the dominance of this particular industry led kaplan to generate a separate list of the 50 most trustworthy financial companies .
“in 2012 and 2013 , governance and transparency has really improved , ” says kaplan . “ [ financial companies ] took on a lot of speculative risk and the regulatory agencies have really been on their backs to clean up their balance sheets , income statements , and lending policy . ”
to develop lists of trustworthy organizations , gmi reviews the accounting and governance behaviors of more than 8 , 000 publicly - traded companies in north america . in assessing each company , gmi considers factors including high - risk events , revenue and expense recognition methods , sec actions , and bankruptcy risk as indicators of a company’s credibility .
these factors are used to develop
aggressive accounting and governance risk
( agr ) numbers , the final composite by which organizations are scored . companies appear on the list divided into categories by market cap size , along with their current agr and average agr over the past four quarters .
kaplan stresses that companies that don ' t make the list aren ' t necessarily untrustworthy - - these are simply the 50 with the highest scores for the past four quarters of the fiscal year .
kaplan says that a shift among regulatory agencies from a
watchdog
to a
policeman
stance has prompted many of the more visible changes among financial institutions , which have led in many cases to less risk and greater transparency .
you look at a few things : ceo and chairman are the same person , that used to be very common and it’s kind of disappearing . the amount of loans in the very high risk category were substantially higher . loan loss reserves were very low .
so what’s the takeaway for investors ? as with the most trustworthy companies list , inclusion on the list doesn ' t necessarily indicate an investment blockbuster , but it does mean that good or bad , what the investor sees is what the investor gets—a metric that many investors find particularly meaningful post - crisis .
“if you’re interested in investing in any of the companies on this list , you can be really comfortable that what you’re reading about them is an honest reflection of what’s going on in the company , ” says kaplan . “that doesn ' t mean it’s good or bad—but when you read it , you can believe it . ”
gmi ratings and its affiliates , directors and officers of the company may own stock or options to purchase or sell stock in the companies mentioned on our website and in our publications and may elect to increase or decrease the size of these positions at any time . gmi ratings , however , is not directly or indirectly compensated for the specific views , opinions or recommendations expressed in its research reports . this document is for information purposes only and is not to be considered a solicitation to buy or sell any security . neither gmi ratings nor any other party guarantees its accuracy nor makes any warranties regarding its usage . modification or reproduction of this report is forbidden without explicit permission . ©2014 gmi ratings
sizzling deposit and loan growth has transformed it from a start - up to one of the biggest american banks , with $ 33 billion in assets . last year , profit hit a record $ 373 million .
but all of its success — partly a result of its mantra to deliver top - notch service to its small and midsize business clientele — could not shield it from a ponzi scheme that lost $ 66 million of investor money and sent a money manager to federal prison for three and a half years for securities fraud .
william landberg , the money manager at the heart of the scheme , has already completed his sentence after pleading guilty in 2011 , but the investors say they still have not recovered their money . mr . landberg’s firm , west end financial advisors , filed for bankruptcy in 2011 .
mr . bey , who is 64 , kept in touch with mr . landberg through the years and started investing through the west end firm in 2002 .
“the convenience of it was incredible while it was working , ” mr . bey said in a recent interview .
when west end collapsed , mr . bey lost nearly $ 500 , 000 . left with just $ 203 to his name at that point , he says he was forced to borrow $ 30 , 000 from friends and run up $ 60 , 000 on his credit cards to pay his manhattan rent and regular expenses . eventually , he moved to florida , where he lives in a beach condominium that he and his brothers inherited from their father . “my life has been irrevocably changed by this . ”
prosecutors and lawyers for victims had claimed jpmorgan chase turned a blind eye to what should have been viewed as suspicious activity .
banks have recently faced heightened scrutiny for their efforts to shore up online security and anti - money - laundering efforts after a string of prominent data breaches .
mr . landberg pleaded guilty in 2011 to one count of securities fraud . prosecutors said he misled his investors into thinking their money was in stable investments when in fact his strategies were failing and he began to misuse investor assets to cover losses .
in some cases , mr . landberg told investors that their money would be put in “blue chip fortune 100 companies” and that his objective was “preservation of capital . ”
west end’s investors — many of them older residents of manhattan who once worked in the psychoanalysis field — are reeling from their losses . some say privately that they have had to significantly scale back retirement plans or return to work .
darren conte , a former information technology employee at goldman sachs who now runs his own financial tech start - up , says he invested in one of the firm’s funds in early 2009 , after years of urging by a friend who worked at west end financial . according to the lawsuit , he lost $ 188 , 000 .
he noticed something was amiss when he got one statement in early 2009 and none after that , and the statement he did get looked like the invoice for landscaping services .
“i felt lied to , ” mr . conte said . “i had to clear my head and move forward with a giant lesson learned . ”