Hyperion in Philadelphia looks to form holding company


The bank said the move will give it more flexibility for raising capital.


Organizers look to open bank in western North Carolina


Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.


Can CDFIs help their communities while keeping investors satisfied?


Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.


Arizona group receives conditional approval to open a de novo bank


Organizers of Scottsdale Community Bank must raise $16 million. The goal is to hit that goal and open by early 2021.


Group with ties to Michigan brokerage firm applies to form a bank


The proposed Multi-Bank shares an address with the Fort Lauderdale, Fla., office of Multi-Bank Securities.


State regulator group offers guidance for mortgage servicing oversight


The proposed best practices would be modeled after federal servicing standards and be used to supervise nonbanks firms subject to state regimes.


Fed aims to give less complex banks relief in capital planning rule


The central bank issued a proposal aligning recent stress testing changes with supervisory standards that are tailored to an institution's size and complexity.


Some Lehman Brothers creditors set for payday 12 years after collapse


Investors in two subordinated bonds from Lehman Brothers received word that a payment is coming, just two weeks after the 12th anniversary of one of the world’s most spectacular banking collapses.


Organizers plan de novo bank in San Francisco area


New Enterprise Bank, which would focus on serving "innovative firms," plans to open next year.


Fed offers details on additional bank stress test triggered by COVID-19


The agency has scheduled an extra assessment of institutions' strength to incorporate more recent economic data during the pandemic.