Comerica signals tougher market for liquidating energy assets
The Texas bank said it was setting aside higher provisions for credit losses as private investments are drying up in a volatile oil and gas market. ... Read full article
The Texas bank said it was setting aside higher provisions for credit losses as private investments are drying up in a volatile oil and gas market. ... Read full article
Loans to other financial firms have soared in recent years, and many are going to private equity or business development firms that then use the funds to make leveraged loans. Should regulators be worried? ... Read full article
The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May. ... 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
While a bill to require firms to identify their owners has gained bipartisan support, some small companies argue it is burdensome and would subject them to harsh penalties. ... Read full article
The Columbus, Ohio, bank has hired a former executive from Bank of America to run the new business, which will target physician, dentist and veterinary practices. ... 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
Lynn Harton, the Georgia bank's CEO and a 20-year BB&T veteran, is considering acquisitions in Alabama, Florida and Tennessee markets where the entity soon to be named Truist Financial has a high profile. ... Read full article
The Tulsa, Okla., bank is adding Jim Thompson as director of senior housing investments. ... 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
Lenders are turning to the Farm Service Agency to backstop more loans as their Midwestern customers are beset by flooding in addition to the U.S. trade war with China and volatile crop prices. Can the FSA meet the increased demand? ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... 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
More than 66% of the banks reported a jump in net income during the first quarter but new risks are emerging in interest rates and underwriting, the Federal Deposit Insurance Corp. said Wednesday. ... Read full article
A strong economy and the chance to court Hispanic customers and businesses have banks interested in the region once more. ... Read full article
The Bay Area is a booming market with a limited number of smaller banks. The high premium Presidio is receiving from Heritage Commerce might spark more M&A activity. ... Read full article
On Dec. 31, 2018. Dollars in thousands. ... Read full article
The Illinois bank is buying a bank formed in the 1970s to serve Cuban-Americans. ... Read full article
Farmers were already taking on more debt to cover losses from falling crop prices. New tariffs and other retaliatory moves could hurt ag borrowers further and lead to loan losses and tighter underwriting. ... Read full article
Azlo will offer customers the ability to apply for a Kabbage loan through a new program called Mission Street Capital. ... Read full article