BankThink

ConnectOne selling two branches to Rhinebeck Bancorp

10/27/20

The sales are part of ConnectOne's strategy to replace traditional retail branches with banking hubs backed by technology.

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Ant Group plans blockbuster IPO; JPMorgan unveils eco-friendly bond deal

10/27/20

The offering values the Chinese fintech at $313 billion, more than some of the U.S.’s biggest banks; the issuer and the bank would be penalized if they fail to live up to their green promises.

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Credit unions gird for more branch shutdowns as COVID rates spike

10/27/20

With coronavirus cases on the rise, Hoosier Hills CU in Bedford, Ind., has chosen to temporarily restrict access to its facilities. Observers say other institutions are likely to follow suit eventually, whether they want to or not.

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TCF chief Craig Dahl to retire

10/26/20

The Detroit company said that David Provost, former CEO of Chemical Financial, will become its CEO.

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Gene Ludwig's plan for saving the American Dream

10/26/20

Ludwig, an ex-banking regulator and CEO of Promontory Financial Group, describes how economic conditions for middle- and low-income Americans have declined and advocates a living wage, investment in infrastructure, smart regulation and other solutions.

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Banks, PPP recipients caught in bind between two SBA rescue programs

10/26/20

Businesses that received Paycheck Protection Program loans and Economic Injury Disaster advances discovered later they can't get full forgiveness. Lenders want the rules changed.

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Fifth Third promotes Tim Spence to president. Is he next CEO?

10/26/20

Spence’s promotion to president could signal that the Cincinnati banking company is grooming him as a potential successor to Chairman and CEO Greg Carmichael.

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Wells Fargo exploring $1 billion-plus corporate-trust sale

10/26/20

Wells Fargo is exploring a sale of its corporate-trust unit that could fetch more than $1 billion and is considering whether to find a buyer for its student loan portfolio, according to people familiar with the matter.

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Heartland reworks AIM Bancshares deal to reflect Fed concerns

10/26/20

The Iowa company said it will pursue a two-step acquisition to address unspecified issues raised by the Federal Reserve as part of its review of the acquisition.

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Succession plan in the works at American Southwest Credit Union

10/26/20

Jay Williamson will take over at the Sierra Vista, Ariz.-based institution after Brian Barkdull retires.

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