Bankruptcy Blogs

Dime-Bridge a conventional deal in unconventional times

07/05/20

The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending.

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National Bank in Colorado joins growing list of banks closing branches

07/02/20

The company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology."

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Outsourcing PPP, stress-test fallout, SCOTUS’ CFPB ruling: Top stories of the week

07/02/20

As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from this week’s most-read stories.

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Hildene packages community bank debt into new CDO offering

07/02/20

The class A notes, secured by legacy trust-preferreds and subordinated debt of institutions, carry an investment-grade A1 rating from Moody's. That rating is slightly lower than a prior Hildene CDO, due to elevated pandemic risk to bank profitability.

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Edward Jones seeks FDIC coverage for industrial loan company

07/02/20

The investment firm is the latest nonbank to try to enter banking through a Utah-based ILC.

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CFPB political appointee to be named agency's No. 2: Sources

07/02/20

Tom Pahl, a former longtime regulator at the Federal Trade Commission, has led key rulemaking efforts for the consumer bureau.

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2Q preview: Regional banks staring at steep profit declines

07/02/20

While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers. Meanwhile, investors will be watching closely for any signs of dividend cuts stemming from the Federal Reserve’s caps on payouts.

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Indiana credit union agreed to buy Elberfeld State Bank

07/02/20

Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.

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FHFA leadership structure on shaky ground after CFPB ruling

07/02/20

Legal experts say it is now more likely that the Supreme Court will strike down the single-director governance framework for Fannie Mae and Freddie Mac’s regulator.

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Pandemic is bringing out the best in bankers

07/02/20

Helping their customers adjust to digital banking and pay crushing bills are just a couple of ways community bankers are reaching out.

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