$RF's total average deposit balances grew $439MM from 2Q16, including $330MM of growth in average low cost deposits. Capital markets fee income grew $4MM or 11%, helped by the mergers and acquisition advisory services group.
$ALGT appointed Ponder Harrison as EVP and chief marketing officer, Allegiant Travel Co., effective March 27, 2017. He will be responsible for all marketing, sales, distribution, product development, brand integration and customer innovation strategies. Harrison will report to Allegiant President John Redmond.
$IPI said Brian Frantz, SVP and CAO, will resign from the company, effective April 7, 2017, to pursue another career opportunity. Joseph Montoya, who has served in various accounting leadership roles at $IPI since April 2014, has been appointed VP and CAO, effective April 7, 2017.
$MA appointed Sandra Arkell as EVP, corporate controller and principal accounting officer, effective May 5, 2017. This comes as Andrea Forster, the current controller, takes on new role to expand $MA's shared service center capabilities. Arkell will join $MA on April 3, to lead accounting, internal controls and financial reporting activities.
$REX said the growth rate for 1Q17 earnings at this point of time is better than they were in last year's corresponding quarter. The company has started new capital investment project to increase ethanol production at both of its consolidated locations. It has planned to spend about $20-30MM for 2017, with $10-15MM to each plant.