North Carolina de novo on pace to open in March
Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC. ... Read full article
Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC. ... Read full article
The Mississippi company will pay $49 million for Traders & Farmers Bancshares. ... Read full article
Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year. ... Read full article
The regulator said the investment bank and financial services company will help in the process of strengthening Fannie Mae and Freddie Mac’s capital standing for their eventual exit from conservatorship. ... Read full article
The California company will pay $1 billion for Opus, a once highflying bank that struggled with credit issues in recent years. ... Read full article
Kenneth Lehman, a former banking attorney who acquires large stakes in small banks, will buy BankFlorida, which lost $555,000 through the first nine months of 2019. ... Read full article
The new regulation aims to standardize the process for determining if those owning less than a quarter of a bank must comply with holding company requirements. ... Read full article
CenterState and South State are the latest regionals to announce a deal driven heavily by the need to compete with larger banks that can afford to spend more on cutting-edge technologies. ... Read full article
The company will acquire the parent company of First National Bank of Manchester and Bank of Waynesboro for $85 million. ... Read full article
Two major banking organizations objected to a proposal by the agency that would expand the pool of investors in subordinated debt issued by credit unions. They fear it could provide credit unions more financing to buy banks. ... Read full article
The company will pay $64 million to significantly increase its scale in the Tampa Bay area. ... Read full article
The National Credit Union Administration plans to unveil new capital proposals on Thursday. It's a given that bankers won't like them, but credit unions could also find themselves disappointed. ... Read full article
The company will pay $29 million for Virginia Bank Bankshares. ... Read full article
The company will pay $24 million in cash for Central Federal Bancshares. ... Read full article
Organizers of First Women's Bank have also filled two key executive posts. ... Read full article
Organizers of Founders Bank in Washington are still need to raise at least $25 million before opening. ... Read full article
The Pennsylvania company will pay $80 million for the parent of USNY Bank. ... Read full article
With loan demand weak due to factors beyond their control, small-bank execs can expect to field lots of questions about capital and expense management. ... Read full article
The company, which has agreed to buy Marquis Bancorp, could use some of the proceeds to fund growth and pay off a line of credit. ... Read full article
Organizers of TYME Bank aim to take advantage of consolidation taking place around Texas. ... Read full article