BankThink

California merger terminated over delayed regulatory approval

12/19/19

The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.

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What will bank jobs look like in the future? OceanFirst has an idea

12/19/19

Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI.

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Pot banking backers stand firm in face of Crapo’s opposition

12/19/19

After Senate Banking Committee Chairman Mike Crapo poured cold water on legislation enabling banks and credit unions to serve the marijuana industry, several key supporters of the effort are pushing back.

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Pinnacle hires Synovus exec to open first office in Atlanta

12/19/19

The Tennessee company said that Rob Garcia will be in charge of building a commercial banking team in the city.

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Kearny expanding in northern New Jersey with MSB purchase

12/19/19

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.

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Give CRA reform credit where it's due

12/19/19

A provision of the Community Reinvestment Act overhaul package would rightfully hold lenders more accountable for reinvesting in cities where they are feeding off deposits.

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JPM wins a place in China; banks again warned about replacing Libor

12/19/19

The bank is the first U.S. one approved for a majority-owned securities unit in China; the FSB said banks must get serious about replacing the benchmark.

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Green Dot CEO, a prepaid card pioneer, to step down Dec. 31

12/19/19

Steve Streit is retiring as part of a shakeup in the firm's management ranks. The Pasadena, Calif.-based company that he founded in 1999 has been suffering amid new competition from challenger banks.

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Bank of the West nudges customers to be more eco-friendly

12/18/19

The bank is working with a Swedish fintech to offer a tool that lets account holders track how their spending choices might be contributing to climate change. The tool may never be a big moneymaker, but it could help the San Francisco bank attract customers and recruit employees.

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First Bancshares to enter southern Georgia with acquisition

12/18/19

The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial.

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