News Topic: Commercial banking

Gulf Coast Bank & Trust wanted to expand beyond Louisiana. Buying a national SBA platform does that in a very big way. ... Read full article

The sale to Tokyo Century Corp. will help accelerate CIT's transformation into a more traditional small-business and middle-market lender. ... Read full article

Koger Propst was also named CEO of the company's $2.6 billion-asset ANB Bank. ... Read full article

Joseph Greco previously served as CEO of Southern Connecticut Bancorp, which sold itself to Liberty Bank in 2013. ... Read full article

The public-private effort, aimed at expansion-minded tech and other companies with proven track records, would be backed by the country’s six largest banks, insurance companies and regional lenders. ... Read full article

The Santa Clara, Calif.-based company operates a joint venture in China, which opened its first branch in Shanghai in 2012. ... Read full article

Customers and employees of Opus Bank and Banc of California could bolt to several other Southern California banks amid downsizing, scandal and credit quality issues. ... Read full article

The largest U.S. bank’s yearslong effort to do more business with midsize commercial firms has progressed in fits and starts but never met expectations. More patience will be required, but executives say the payoff could be sooner rather than later. ... Read full article

Commerce Union had been focused on expanding around Nashville, Tenn., until a lender based 120 miles away was available to hire. ... Read full article

The banking industry's top advocacy groups can't support giving credit unions capital-raising alternatives, but they are trying to understand the NCUA's complex proposal before filing comment letters against it. ... Read full article

With U.S. Bancorp's leadership transition underway, the big question is whether it will deliver faster earnings growth — the one shareholder demand that has proven elusive. ... Read full article

The Pittsburgh company is acquiring the U.S.-based commercial and vendor-finance operations of ECN Capital. ... Read full article

Chief Executive Officer Stuart Gulliver is still battling to reverse five years of declining revenue as he pares back HSBC’s sprawling global footprint and reduces expenses. ... Read full article

Citigroup agreed to pay a penalty of almost $5.4 million to settle a South African antitrust investigation that said it participated in an alleged cartel to manipulate the value of the rand. ... Read full article

Michael Corbat is getting a pay cut for a year when Citigroup's profit fell 14% and return on assets failed to meet his 2016 target. ... Read full article

The Cleveland company has tapped Jamie Warder for the senior-level post. ... Read full article

The Toronto company will add as many as 75 small-business bankers in several of its key U.S. markets. ... Read full article

Some execs have plenty to be sour about, but others are emphasizing the possibilities amid today's economic and political realities. Their contrasting mindsets were on full display at a Credit Suisse conference this week. ... Read full article