Valley National bulks up in N.J. with Oritani purchase
Valley, which had focused on Florida in recent years, will double its market share in Bergen County with the $740 million acquisition. ... Read full article
News Topic: Capital
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1st Constitution to expand in northern N.J. with bank purchase
Shore Community Bank, which has five branches in Ocean County, will sell for $53 million. ... Read full article
Credit unions get reprieve (again) on capital rule. Bankers jeer
The NCUA proposed Thursday to put off until 2022 implementation of a rule that would require larger credit unions to hold more risk-based capital. ... Read full article
Well-known bank investor to buy big stake in Sevier County Bancshares
Ken Lehman will gain a 40% stake in the Tennessee bank as part of a broader plan to raise $13 million. ... Read full article
Former Bank of Georgetown execs plan new bank in Washington
Founders Bank is the latest de novo effort that will target the nation's capital. ... Read full article
Organizers start raising capital for proposed Utah bank
The group behind Bank of St. George is looking to bring in up to $22 million in initial capital. ... Read full article
De novo bets big on mortgages as other banks back off
Many community banks have given up on national mortgage platforms as not worth the effort, but organizers of NXG Bank in Maryland say they have a plan to make one work. ... Read full article
Former Tarp director involved with Maryland de novo effort
Lori Bettinger is one of the organizers of NXG Bank, which has applied to open in Columbia, Md. ... Read full article
New York de novo debuts after raising $131 million
Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country. ... Read full article
Stock buybacks are surging, but for how long?
The pace is torrid now, but it could slow if bank stock prices keep rising and one prominent lawmaker’s proposal to restrict share repurchases gains traction. ... Read full article
Citizens in Mississippi adds to Gulf Coast operations with latest deal
The company agreed to buy Charter Bank, which has four branches and $161 million in assets. ... Read full article
North Carolina has first new bank since the financial crisis
American Bank & Trust opened after organizers raised more than $22.5 million. ... Read full article
Virginia bank to move headquarters as part of latest acquisition
Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares. ... Read full article
Heritage Commerce bulks up in San Francisco with Presidio purchase
Heritage will have 17 branches around San Francisco when it completes the $200 million acquisition. ... Read full article
Keystone in Texas raises $31M, buys a branch
The new capital will allow the Austin bank to increase its lending limit. ... Read full article
Pathfinder in New York raises $21 million
The company said it could use proceeds from selling common and preferred stock to increase lending and add branches. ... Read full article
Group plans new bank in Houston
The coastal city quickly rebounded after being hit by Hurricane Harvey in August 2017. ... Read full article
Southern States in Alabama getting bigger with Small Town Bank deal
The proposed merger will create a bank with more than $1 billion in assets. ... Read full article
Organizers planning de novo bank in North Carolina
Triad Business Bank adds to the list of de novo efforts taking place in the state. ... Read full article
Investor group buys, recapitalizes North Carolina bank
Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets. ... Read full article