Bankruptcy Blogs

Three Texas banks planning to merge

06/30/20

Southwest Bancshares in San Antonio will have assets of $1.5 billion when it absorbs two affiliated banking companies in nearby cities.

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Data privacy regs abroad put even finest digital tools to the test

06/30/20

Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.

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BBVA sticking with Texas branch-expansion plan amid pandemic

06/30/20

The coronavirus outbreak forced BBVA USA to rethink a plan to add 15 branches in Texas, but it decided to move ahead anyway, albeit with a few tweaks.

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FDIC to hold competition to modernize call reports

06/30/20

The so-called tech sprint involving 20 companies from across the country is intended to help improve the efficiency of banks' quarterly data submissions to the regulators.

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House Democrats vote to reverse CRA rule

06/30/20

While the resolution sends a message of disapproval of the OCC’s reform of the anti-redlining law, the Republican-controlled Senate is not expected to consider the measure.

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Netflix to shift $100 million into Black-run banks, credit unions

06/30/20

The online TV giant will start by moving $25 million to a fund that invests in minority-run financial institutions that serve low-income communities and depositing $10 million into Hope Credit Union in Jackson, Miss.

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The high court's CFPB ruling; Wells to cut dividend in Q2

06/30/20

Supreme Court says the president has the power to remove the director at will; the bank is the only one of the six largest U.S. banks to say they will cut their dividend next quarter.

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Coronavirus takes toll on bank M&A

06/29/20

Bank consolidation has been stagnant since the pandemic hit, and the outlook for the rest of the year is bleak.

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Bryn Mawr in Pennsylvania to sell its PPP loans

06/29/20

The company said it had cut 20 positions and had found a way to shed 35,000 square feet of office space by the end of 2020.

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Mutual holding company pioneer dies after long cancer battle

06/29/20

Eric Luse, who co-founded the Luse Gorman law firm, helped Community Bank Shares of Indiana create the first MHC in the early 1990s.

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