First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal.
Vend Lease, which is based in Baltimore, focuses on suppliers and vendors in the hospitality industry.
Loan growth, fueled by increased tourism spending, more than offset a sharp drop in fee income at the Honolulu company.
On Mar. 31, 2018. Dollars in thousands.
As interest rates rise, banks need to watch how much they are paying on deposits to avoid exceeding rate caps designed to ensure liquidity.
Purchase of data firm and cancellation of a stock buyback rile shareholders; smaller banks are concerned tariffs could hurt business lending.
The bank also agreed to pay a $5 million fine to settle allegations that it overcharged consumers between 2010 and 2013.
Spirit of Texas Bancshares has agreed to buy Comanche National. This would be Spirit's first acquisition since going public earlier this year.
Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from?
