Utah de novo gets conditional OK from FDIC
Organizers of Bank of St. George still need to raise $18 million before opening. ... Read full article
News Topic: Capital
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Fed, FDIC extend comment period for input on Camels ratings
The two agencies have delayed the deadline for the public to respond to a request for information on the rating system used to score banks' overall health. ... Read full article
Small banks turn to subordinated debt to fund growth
Lower interest rates are allowing banks to use the cheaper capital to repay higher-cost debt and prepare for future expansion. ... Read full article
NCUA a day late and a dollar short after delaying capital rule
It's long past time for the National Credit Union Administration to implement a risk-based capital standard, and the recently approved delay could hurt more than it helps. ... Read full article
Another new bank proposed for Atlanta
Organizers have applied to form Craft Bank. If successful, the bank would become the third to open in the Atlanta area in recent years. ... Read full article
NCUA approves budget, delays capital plan. No one's happy.
The National Credit Union Administration board signed off on a controversial budget, and it delayed its risk-based capital rule to buy itself time amid complaints by bankers. ... Read full article
The Bancorp freed from Fed order tied to capital management
The supervisory letter had required the company to get Fed approval before issuing debt, paying dividends or making quarterly payments on its trust-preferred securities. ... Read full article
Popular in Puerto Rico urged by activist investor to sell
Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec. ... Read full article
Fidelity D & D entering Pennsylvania market with MNB acquisition
The company will gain branches in Northampton County as part of the $79 million deal. ... Read full article
Texas Capital, Independent Bank to combine in $3 billion merger
The deal will create a bank with nearly $50 billion in assets. ... Read full article
Cambridge Bancorp adding to Boston operations with Wellesley deal
The company will pay $122 million for six branches and nearly $1 billion in assets. ... Read full article
Organizers planning new bank in New York area
PiNG Bank, which would be based in Jersey City, is being proposed by former bankers at Cross River Bank, Citigroup and GSL Savings Bank. ... Read full article
Heartland in Ohio to enter Cincinnati with latest bank acquisition
The company agreed to pay $41 million for Victory Community Bank. ... Read full article
Bank First in Wisconsin to buy neighboring lender
The company will pay nearly $33 million for Tomah Bancshares to boost its operations in Wisconsin's Monroe County. ... Read full article
Organizers plan de novo bank in Tennessee
Hamp Johnston, a former market executive at JPMorgan Chase, would serve as RockPoint Bank's president and CEO. The bank would be based in Chattanooga. ... Read full article
Seacoast in Fla. revisits familiar territory with First Bank purchase
The deal is Seacoast's third acquisition of a bank with operations in Palm Beach County. ... Read full article
It's a seller's market in the Carolinas
United Bankshares in West Virginia was willing to pay a healthy premium for Carolina Financial, one of a dwindling number of available banks with more than $4 billion in assets. ... Read full article
United in W.Va. to make big Carolinas push with latest bank deal
The company will pay $1.1 billion for Carolina Financial in Charleston, S.C., in a deal that will add nearly $5 billion in assets. ... Read full article
Native American tribe behind push for Calif. de novo bank
The Soboba Band of Luiseño Indians plans to form a holding company and raise $25 million for Legacy Bank. ... Read full article
Organizers planning bank in Southern California
A group has filed paperwork with the FDIC to form Legacy Bank in Temecula. ... Read full article