Capital

Group with East West ties applies to open bank in New York

08/09/18

The proposed Piermont Bank would be based in Midtown Manhattan. It is the second de novo being planned in New York.

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Takeover, makeover: How Beneficial deal will fund WSFS tech revamp

08/08/18

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.

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WSFS to jump over $10B threshold with Beneficial acquisition

08/08/18

The Delaware plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.

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Head of D.C. de novo group disputes former insider's claims

08/03/18

Tekalign Gedamu, who would chair Marathon International Bank, says that Zekarias Tamrat is bad-mouthing the de novo effort following his dismissal and a subsequent payment disagreement. Tamrat was slated to be the bank's president.

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‘Still a real need for … human interaction’ in retail banking’s future

08/03/18

Tory Nixon, who became Umpqua's chief banking officer this spring, is trying to drive more customers to use mobile banking (only 15% do so now industrywide) without alienating them in the process.

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Would-be president of D.C. de novo quits after board dispute

08/02/18

Zekarias Tamrat blamed the proposed Marathon International Bank's chairman and directors for delays in getting its application approved.

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Banks plead with FDIC to simplify de novo process

08/02/18

A task force created by the American Bankers Association asserts that applying for a bank charter is too time-consuming and that some de novo rules are too rigid.

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M&A opportunities are plentiful for Horizon Bancorp in Indiana

07/31/18

Despite ongoing industry consolidation, the company still expects to have at least 10 chances each year to buy another bank.

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Bank organizers zone in on Arizona

07/31/18

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions.

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Ohio bank nears key asset mark with $32M acquisition

07/26/18

Richwood Bancshares will get closer to $1 billion in assets after it buys Home City Financial.

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