Bankers frustrated with Chicago market take business elsewhere
Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states. ... Read full article
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Community Financial to expand in Maryland with $34M acquisition
The company agreed to buy County First Bank in a cash-and-stock transaction. ... Read full article
SEC takes jab at startups while leaving the big banks alone
The agency’s new classification of “initial coin offerings” is yet another affront to the efforts by fledgling companies to raise funds. ... Read full article
People's Utah buying seven branches in its home state
The company will also gain $260 million in loans and $180 million in deposits from Banner Corp. ... Read full article
Heritage Financial, in deal, aims for bigger splash in Seattle area
The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market. ... Read full article
Triumph strengthening Colo. operations with deal for family-owned bank
The Texas company would add seven branches and more than $300 million of assets by acquiring Valley Bancorp. ... Read full article
Executive was key asset in Midwest's biggest merger
First Financial in Ohio is buying MainSource in Indiana — with a twist. MainSource's leader will become CEO. ... Read full article
First Financial in Ohio to cross $10B in assets with big acquisition
The company agreed to buy MainSource Financial in Indiana for $1 billion, creating a Midwestern bank that will have more than 200 branches and $13 billion in assets. ... Read full article
Bank of Princeton turns to Plan B after planned sale falls through
The New Jersey bank is looking to raise offensive capital just months after its deal to be sold to Investors Bancorp was terminated. Investors was tripped up by regulatory concerns tied to Bank Secrecy Act and anti-money-laundering compliance. ... Read full article
Delmar to enter Philadelphia with purchase of oft-maligned bank
Delmar will buy Liberty Bell Bank in New Jersey, which had survived a debilitating six-year battle for control with a former CEO. Liberty Bell also suffered from corporate theft and a check-kiting scandal. ... Read full article
Associated to buy Bank Mutual in merger of large Wisconsin banks
The $482 million deal would be Associated's first bank acquisition since June 2007. ... Read full article
Guaranty fills Colorado gap with latest bank acquisition
The company will add two branches between Denver and Colorado Springs by buying the deposit-rich Castle Rock Bank. ... Read full article
What a small bank's stock offering says about the Florida market
First Home Bank raised nearly 20% more than it sought from investors, providing proof that Florida — especially the Tampa Bay area — is a hotbed of activity. ... Read full article
Equity in Kansas to enter Oklahoma with two acquisitions
The company will gain more than $500 million in assets after buying Eastman National and Cache Holdings. ... Read full article
Asian-American bank plans $50 million IPO
Several RBB Bancorp executives and directors, including CEO Alan Thian, will also sell a significant number of shares when the Los Angeles company goes public. ... Read full article
The credit union for people who breathe air: Comments of the week
Readers slam credit unions’ ever-inclusive membership criteria, weigh in on the OCC’s proposed fintech charter, encourage a rewrite of the CRA, and more. ... Read full article
N.C. bank launches hostile bid for much smaller competitor
First Citizens is pressuring KS Bancorp to sell even though the banks' operations overlap in many markets in eastern North Carolina. ... Read full article
Fast-growing Live Oak sets stage to raise more capital
The North Carolina company could issue $200 million in new securities over time to fund acquisitions and other investments. ... Read full article
Why more banks could ditch their holding companies
Bank of the Ozarks recently dissolved its holding company in a move that goes against modern banking strategy. There are, however, strong arguments for other institutions to follow the bank's lead. ... Read full article
Many get stung by Maryland banking company's bankruptcy plan
The Treasury Department will take a huge hit when Cecil Bancorp sells it bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its ... Read full article