BankThink

Level One expects 3Q profit boost from nonperforming loan payment

08/09/19

The Michigan company disclosed that an unnamed client made a large payment on a $6.5 million nonperforming loan.

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Recession-proofing loan books, Trump DOJ goes easy on big banks, Fed's real-time payment: Top stories of the week

08/09/19

Anticipating recession, banks start scrubbing loan books; how Trump's political appointees thwarted tougher settlements with two big banks; the Fed's plans on its real-time payment service; and more from this week's most-read stories.

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Investors Bancorp's about-face from seller to buyer

08/09/19

The New Jersey company was reportedly shopping itself around last fall. Fresh off an agreement to buy Gold Coast Bancorp in New York, CEO Kevin Cummings says he is ready to explore other acquisitions.

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Why Walmart's cryptocoin is getting a warmer welcome than Facebook's

08/09/19

There are subtle differences in Walmart's virtual currency project compared to Facebook's Libra, but these may be enough to avoid the regulatory firing squad that Facebook has endured.

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Activist investor puts pressure on Middlefield in Ohio to sell

08/09/19

Ancora Advisors also suggested that the company get rid of its current management team.

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Crapo to join HUD's Carson at event on affordable housing

08/09/19

Secretary Ben Carson was invited by the head of the Senate Banking Committee to Idaho to discuss low-income housing shortages.

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Happy State announces bank acquisition in Texas

08/09/19

The bank will buy First State Bank of Mobeetie.

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OceanFirst to enter New York, near $10B in assets with two acquisitions

08/09/19

The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding.

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Eagle to expand in northeastern Montana with latest bank deal

08/09/19

The company will pay $13 million for the parent of Western Bank of Wolf Point.

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Card issuers’ new focus on installment lending misses the point

08/09/19

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

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