Bankruptcy Blogs

iQ Credit Union CEO to step down for philanthropic job

12/15/20

Kelly Schrader will leave the Vancouver, Wash.-based institution on Jan. 1, and Eric Petracca will take over as president and CEO.

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Quontic Bank launches bitcoin rewards checking with help from NYDIG

12/15/20

The community bank and fintech are offering the first live bank account and debit card that offer rewards in the form of bitcoin.

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Florida group looks to form bank

12/15/20

Waterfall Bank, which has ties to an investment group that handles affairs for family offices, would be based in the Tampa Bay area.

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CRE market could get even worse; U.K. mortgage lenders move to 90% LTV

12/15/20

The already-struggling commercial property market may face even more problems in 2021; NatWest, joins Lloyds Bank in lowering down payments in a booming residential market.

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Another round of hazard pay unlikely as pandemic’s second wave worsens

12/15/20

Some credit unions that gave bonuses to front-line staff at the onset of the coronavirus outbreak may be too cash-strapped to offer similar payouts during this latest surge.

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Ameriprise, CI eyeing Wells Fargo's asset management arm

12/14/20

Wells Fargo, reeling from years of scandals, is unloading several businesses as it seeks to simplify its structure. The sale of the asset management unit could fetch more than $3 billion, according to industry sources.

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U.S. lost 5% of bank branches between 2017 and 2020

12/14/20

The accelerating pace of branch closures is partly due to industry consolidation, according to the community reinvestment group that authored the new report.

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Huntington bets economic rebound, cost savings will justify TCF deal

12/14/20

The Columbus, Ohio, company says it has delivered on M&A promises before, and many observers say its deal for rival TCF Financial is an opportunistic move in its bid to build a Midwestern powerhouse. But others questioned whether Huntington's cost-cutting and profit expectations are too optimistic.

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Happy State expanding share of West Texas market with acquisition

12/14/20

The Amarillo bank is buying First National Bank of Tahoka, continuing the industry’s consolidation in the state.

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Kyle Hauptman formally joins NCUA board

12/14/20

Hauptman said dealing with the economic fallout from the coronavirus was a top priority for the agency, along with aligning incentives and expanding the use of technology in the industry.

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