FDIC’s interest rate restrictions need a rewrite
The agency’s rate cap for banks that are less than well capitalized contains several flaws and poses problems for community banks. ... Read full article
The agency’s rate cap for banks that are less than well capitalized contains several flaws and poses problems for community banks. ... Read full article
The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors. ... Read full article
The sale should increase Shore's capital levels and allow it to expand its banking activities. ... Read full article
Virginia Partners will operate as a separate bank unit after the deal closes. ... Read full article
When Trinity Capital in New Mexico put itself up for sale last summer, it reached out to several local banks to gauge their interest. Then came a surprise offer from a suitor based a thousand miles away. ... Read full article
Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015. ... Read full article
The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly. ... Read full article
The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market. ... Read full article
Uniti Financial focuses on the Korean-American community through three offices around Los Angeles. ... Read full article
The company has agreed to by $145 million for Bridgeview Bancorp. ... Read full article
Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner. ... Read full article
Murals on the walls and pizza parties are just a couple of ways Studio Bank is trying to court music and entertainment clients as part of a broader niche-lending strategy. ... Read full article
Its bid for El Dorado Savings wasn’t the highest, but PacWest's image as a skilled dealmaker added value to its offer in the seller’s eyes. ... Read full article
The company will pay $64 million jn cash and stock for First Beeville Financial. ... Read full article
The Connecticut regional bank will pay $327 million for the parent of Belmont Savings Bank. ... Read full article
Nexos National Bank would be led by Gordon Baird, a former Citi executive. A former New York banking commissioner is set to join the proposed bank's board. ... Read full article
The Florida company will have more than $16 billion in assets, along with increased scale in Georgia, when it buys National Commerce. ... Read full article
New Valley Bank & Trust is set to become the state’s first new bank since 2008. ... Read full article
Blue Hills Bancorp in Massachusetts completed a second-step conversion and was poised to bulk up on acquisitions. It struck its one and only deal this fall — and it was not the kind it had in mind. ... Read full article
The Mississippi bank will pay up to $100 million to expand in southwest Alabama and Dallas. ... Read full article