Commercial lending

PacWest buys specialty real estate lender

02/03/21

The California company acquired Civic Financial Services, which makes loans to residential real estate investors.

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Credit unions play waiting game with commercial lending

02/03/21

Any business loan growth the industry sees this year will be closely tied to mass vaccination efforts and a broader economic recovery, meaning it may take until at least the third quarter for pent-up demand to translate into new opportunities.

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TD Bank consolidates business lending

02/01/21

The U.S. unit of Toronto-Dominion Bank merged its corporate and specialty team with its commercial banking group, putting the fast-growing operations under the same leadership.

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TCF buys equipment finance business from Truist

02/01/21

The Detroit company, which recently agreed to be sold to Huntington Bancshares, gained $1 billion in loans and roughly 60 employees.

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Should energy lenders fear Biden's climate policies?

01/31/21

For now, banks say they have no plans to curtail lending to oil and gas firms, but recent moves by the new administration — including a halt in drilling on federal land and an effort to stop the Keystone XL Pipeline — could cause them to re-evaluate their long-term commitment to the fossil fuel industry.

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Ameris sells block of underperforming hotel loans

01/29/21

The Atlanta company joins a small list of banks that have sold loans to companies struggling with the coronavirus pandemic.

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OCC halts publication of 'fair access' rule

01/28/21

The rule, finalized in the waning days of the Trump administration and scheduled to take effect in April, would have punished banks for denying services to certain firms without documented reasons for doing so.

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Chemung Financial sells nonperforming commercial loans

01/22/21

The upstate New York company unloaded three loans, joining a short list of lenders that have purged problematic credits during the pandemic.

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KeyCorp set to roll out digital bank for doctors

01/21/21

The Cleveland company will launch the service in March to broaden relationships its Laurel Road student loan refinancing unit has built with health care professionals.

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Comerica ahead of schedule in reducing loan-loss reserves

01/19/21

The Dallas bank says reserves could return to pre-pandemic levels by the end of 2021— a year earlier than analysts were predicting — if vaccines prove effective at slowing the spread of the coronavirus.

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