Capital

Inclusiv launches $20M capital fund to benefit communities of color

01/14/21

The project will deploy $20 million as secondary capital to expand economic relief and financial inclusion, and follows a $1 million project last summer aimed at helping low-income consumers in Rust Belt cities.

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Canadian banks eye U.S. acquisitions

01/11/21

Flush with excess capital, Bank of Montreal, TD Bank and others say they might be in the market to do a cross-border deal.

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With share prices rising, banks have more growth options

01/11/21

Bank stocks have climbed because of expectations that the change of power in Washington will hasten vaccine distribution and speed the economic recovery. The boost could give executives more flexibility to pursue acquisitions or make other strategic moves.

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FDIC provides conditional approval for Ohio de novo bank

01/11/21

Organizers of First Bank of Central Ohio will need to raise $20 million before it opens.

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Canadian banks face conundrum: How to use a spare $55.5 billion

01/08/21

After nine months of stockpiling capital to ensure they could withstand the strains of the pandemic, Canada's biggest banks are facing a new problem: how to spend all that extra money.

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Southern California Bancorp adding branches after raising $42 million

12/24/20

The company is also looking to hire more senior lenders as it expands in markets around Los Angeles and San Diego.

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FDIC signs off on Southern California de novo

12/24/20

Organizers of the proposed Legacy Bank must raise $25 million before opening.

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Bankers all wrong on NCUA's subordinated debt plan

12/18/20

The rule change will allow credit unions to raise more capital to help their members, not line the pockets of investors, as bank lobbyists claim.

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California credit union aims to be test case for divisive capital rule

12/16/20

First Technology FCU, led by a former banker, stands ready to raise fresh capital by issuing subordinated debt. But first it must wait for a rule change from the National Credit Union Administration that's drawing fierce opposition from the banking industry.

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Banks’ billions in payouts hinge on Fed’s view of the pandemic

12/16/20

As with most things related to 2020, COVID-19 will be a deciding factor as the Federal Reserve considers whether banks are able to increase their dividends or resume share buybacks.

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