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GRAND RAPIDS - Northpointe Bancshares, Inc. (NYSE:NPB), a $497 million market cap regional bank trading near its 52-week high of $15.50, announced Monday the appointment of three new members to its board of directors, effective August 12, 2025.
Raj Chaudhary, David Lawrence, and John Tuttle will join the boards of both the holding company and its subsidiary, Northpointe Bank, according to a company press release.
Chaudhary brings over 34 years of experience in digital risk, cybersecurity, and enterprise risk management. He previously served as Global Leader of Digital Risk and Cybersecurity Solutions at Crowe, LLP, and held positions at IBM and Lawson Fisher Associates.
Lawrence, a former audit partner with Crowe, LLP, has nearly 40 years of experience providing professional and audit services to financial institutions. He previously led Crowe’s Michigan Financial Services Audit Practice.
Tuttle currently serves as President of Acrisure, a global fintech company with over 19,000 employees across 24 countries. His prior roles include Vice Chairman of the New York Stock Exchange and positions at the U.S. Department of State.
"The combined experience and demonstrated expertise in technology, cybersecurity, financial stewardship, capital markets and innovation will help further enhance the Bank’s commitment to strong governance and long-term growth," said Chuck Williams, Chairman and Chief Executive Officer of Northpointe.
Northpointe Bancshares is headquartered in Grand Rapids, Michigan, and operates as the holding company for Northpointe Bank, which provides home loans and retail banking products.
In other recent news, Northpointe Bancshares, Inc. reported a net income of $18 million, or $0.51 per diluted share, for the second quarter of 2025. The company’s return on assets was recorded at 1.34%, while the return on average tangible common equity stood at 14.49%. Additionally, Northpointe Bancshares announced a correction to its full-year 2025 non-interest expense guidance. Initially, the company had communicated a range of $128 million to $132 million during its earnings call. However, they later clarified that the correct guidance should be $124 million to $128 million. These recent developments provide insight into Northpointe Bancshares’ financial performance and future expense expectations.
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