Embattled bank names next CEO after investor challenge
Cashmere Valley Bank tapped a Nicolet executive to take the reins. But the investor who publicly pressured the Washington state-based lender said he's still pursuing changes at the board level.
Cashmere Valley Bank tapped a Nicolet executive to take the reins. But the investor who publicly pressured the Washington state-based lender said he's still pursuing changes at the board level.
BELLINGS Intelligence Score: 28
Why it matters
The appointment of a new CEO at an embattled regional bank following investor pressure is notable within banking circles but does not materially alter credit market conditions or regulatory frameworks.