Commercial banking

One banker's advice for product development: Let customers pitch in

06/18/19

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.

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Could Texas acquisition signal a return of bigger bank deals?

06/17/19

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.

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Deutsche Bank considers closing U.S. equities trading in revamp

06/17/19

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.

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Fifth Third CEO sees no need for digital-only bank

06/12/19

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.

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Citizens looks to poach BB&T-SunTrust talent, but should expect a fight

06/11/19

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.

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New leadership, same aversion to M&A

06/10/19

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, and the man who will replace him, have other plans.

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First failure since ’17, BB&T’s retention play, demise of JPMorgan’s Finn: Top stories of the week

06/07/19

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.

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Bank acquirers are taking a hard look at the Gulf Coast

06/06/19

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

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Wells Fargo names leaders of restructured commercial banking group

06/04/19

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.

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BMO Financial's Ernie Johannson expands role

06/04/19

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.

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