BankThink

How regulations drove a digital bank into unlikely hands

03/08/17

The tiny Flagship Bank has made an unusual bet in agreeing to pay 20 times current capital to buy BankMobile, but the same Durbin amendment that prompted Customers Bancorp to sell the unit also made Flagship the ideal buyer.

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Investar Holding to buy Citizens Bancshares in Louisiana

03/08/17

Investar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets.

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First National Bank of Suffield in Conn. hires next CEO

03/08/17

Joseph Greco previously served as CEO of Southern Connecticut Bancorp, which sold itself to Liberty Bank in 2013.

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Motif gets political with values-based investing tool

03/08/17

The firm built a product to match the current moment, which is political, says CEO Hardeep Walia.

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Tarp still casts shadow over recovering S.C. bank

03/08/17

HCSB Financial received a second subpoena from the Troubled Asset Relief Program's special inspector general.

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State Street calls 'bull' on board inequality with statue

03/08/17

State Street Global Advisors has placed a statue, titled "The Fearless Girl," across from the iconic bull statue in lower Manhattan to draw attention to gender diversity on boards.

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Banc of California cutting costs after years of rapid growth

03/08/17

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.

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Small businesses need tougher cyber regs, CU executive says

03/08/17

Credit unions and financial institutions are required to take steps to protect against cyberattacks, but small businesses that process payments are not doing enough to protect the security of the financial system, a credit union executive said Wednesday.

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Want to innovate? Hire more women

03/08/17

Studies show that companies with more women in leadership roles increase their “innovation intensity,” yet women still hold only 20% of the board seats and eight CEO jobs in financial services.

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Banks, consumer groups agree: screen scraping needs better regs

03/08/17

Banks and consumer rights groups appear to have found unusual common ground in the debate over screen scraping, asking the CFPB to weigh in on the application of certain regulations to fintech companies that aggregate financial data on customers' behalf.

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