News Topic: Commercial banking

PNC, which has been the city's dominant bank for decades, and other local banks could face pressure as industry heavyweights expand in the market. ... Read full article

SunTrust, the lender merging with BB&T, said it won't provide future financing to companies that manage private prisons and immigration holding facilities. ... Read full article

The decision follows similar moves by rivals JPMorgan Chase and Wells Fargo. ... Read full article

The New York bank has recruited a dozen commercial lenders from PacWest, Wells Fargo and other rivals, continuing its shift away from its historic reliance on multifamily lending. ... Read full article

Community bankers want to cut the time it takes for customers to establish digital accounts to mere minutes, but it's hard to do that and make other improvements without increasing fraud risk. ... Read full article

Last year, CEO Darryl White said his goal was for U.S. operations to account for one-third of the bank's earnings in three to five years. It was a matter of months before the goal was reached. ... Read full article

There’s a long list of reasons traditional lenders haven't kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback. ... Read full article

Deal values this year have been smaller than last year despite the hubbub over BB&T-SunTrust. Prosperity's agreement to buy LegacyTexas raises the possibility that the size of bank deals could start climbing. ... Read full article

The German banking giant is also looking to create a "bad bank" to wind down as much as $56 billion in unwanted assets, according to a person familiar with the matter. ... Read full article

CEO Greg Carmichael said Wednesday that online-only banks "aren't relationship-based" and that Fifth Third would stick to its plan of attracting new depositors by selectively expanding into new markets. ... Read full article

The Rhode Island company is counting on disruption from the megamerger to accelerate its Southeast expansion, according to commercial banking chief Don McCree. But BB&T’s Kelly King has a message for him: Not so fast. ... Read full article

An unusual succession plan at Burke & Herbert Bank raised speculation that Virginia's oldest bank might be interested in buying another institution, for the first time in its history, or even selling to a larger rival. The bank's interim CEO, ... Read full article

The Enloe State Bank in Texas becomes the first bank to fail in 17 months; BB&T dangles promise of bonus payments to top executives if they stay; where JPMorgan Chase’s Finn experiment went wrong; and more from this week’s most-read stories. ... Read full article

Diverse economies and a limited number of sellers are making markets like Tampa, Fla., a hot spot for growth-minded banks. ... Read full article

Five executives were appointed to new roles within the revamped business unit that houses business banking, government and institutional banking and middle-market banking. All will report to commercial banking head Kyle Hranicky. ... Read full article

Michael Ward, a former CEO at Mrs. Fields Famous Brands, has been a Prime Alliance director for 14 years. ... Read full article

The Canadian parent of BMO Harris Bank in Chicago has named Johannson group head of North American personal banking, an extension of similar executive duties she holds in the U.S. ... Read full article

Eric Meilstrup, who was named president last fall, will succeed Steve Foster as CEO next month. ... Read full article