Just a few months after signaling that provisions for loan losses had peaked, many banks are planning to once again add to reserves to guard against pandemic-related defaults, according to a survey released by IntraFi Network. ... Read full article
The Virginia company, which shuttered 14 locations in September, will close another five branches early next year. ... Read full article
Craig Dahl said working seven-day weeks to shepherd the integration with Chemical and then the combined company’s coronavirus response led to his abrupt retirement. ... Read full article
The deal will expand the credit union's reach into western Michigan at a time when a growing number of banks are trimming their networks. ... Read full article
The Connecticut company, which began reviewing its operations in January, said the effort gained momentum when the coronavirus pandemic hit. ... Read full article
The company will close nine branches over the next three months. ... Read full article
The company, which shuttered six locations in September, plans to close 14 more branches by the end of this year. ... Read full article
The company will close branches and cut jobs, with plans to reinvest some of the savings into digital enhancements. ... Read full article
The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses. ... Read full article
The company will close eight locations, noting that customers have been quick to adopt digital channels during the coronavirus pandemic. ... Read full article
The North Carolina company had promised regulators not to close large numbers of branches until December. Meanwhile, vendor contracts, leases and other hurdles have made it hard to accelerate efforts to offset a sudden decline in revenue. ... Read full article
The Illinois company will shutter 17 locations, or about 15% of its branches, early next year. ... Read full article
The Minneapolis company says the majority of branches earmarked for closing have already been shuttered for months due to the pandemic. Some of the savings will be plowed back into digital expansion. ... Read full article
The coronavirus outbreak has taught community bankers to think on their feet and experiment. Speakers at an industry conference this week advised their peers to stay innovative to ensure they endure in a changing world. ... Read full article
The company joins a growing list of community banks paring back their networks. ... Read full article
The moves are intended to offset a protracted period of historically low interest rates and expectations of higher credit costs in 2021. ... Read full article
A nationwide branch network remains a calling card for the entire industry, while also exemplifying the movement's cooperative spirit. ... Read full article
The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform. ... Read full article
Several companies said this week they’re slashing expenses as the economy limps along. Others would prefer to keep investing in new technologies and hold off on moves like branch closings to better gauge which changes in consumer behavior will stick. ... Read full article
The $282 million-asset institution's new name is intended to build on its work with underserved communities around St. Louis. ... Read full article
