CapStar taps outsider as its next leader
The Nashville, Tenn., company hired Tim Schools from Highlands Bancshares to succeed founding CEO Claire Tucker. ... Read full article
The Nashville, Tenn., company hired Tim Schools from Highlands Bancshares to succeed founding CEO Claire Tucker. ... Read full article
The city, among the Midwest's most vibrant C&I markets, is luring community banks, as well as giants like PNC and JPMorgan Chase. ... Read full article
Pinnacle Bank chief Terry Turner never lacks specifics. He wants to expand inside a triangular zone that connects three Southern and mid-Atlantic cities, aims to enter five particular markets, and speaks bluntly about his plans for hiring alums of BB&T ... Read full article
The Senate has confirmed a new president and two board members, giving the U.S. Export-Import Bank the ability to approve loan guarantees of more than $10 million for the first time since 2015. ... Read full article
The Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit. ... Read full article
Shelley Seifert had been the bank's chief operating officer. ... Read full article
Even as consumer and CRE lending slowed in the first quarter, business lending — particularly to middle-market companies — surged. But some banks are already warning that the growth could taper off as competition from nonbanks heats up. ... Read full article
Built Technologies will use the money to invest in research and development while it builds out its client base. ... Read full article
Erika Marquez discovered an anomaly that was causing Sumitomo Mitsui Banking Corp. to treat some loans as though they required significantly more regulatory capital than they actually did. ... Read full article
The Indiana credit union agreed to pay $21.3 million in cash for New Bancorp, which was created when its savings bank converted to a stock-owned company in 2015. ... Read full article
The Wisconsin bank's pending acquisition of 32 Huntington branches would boost its ability to make more loans, but like other banks this quarter it said deposit costs are cutting into margins. ... Read full article
The strong growth in commercial lending made up for more modest gains in credit card and auto lending, its two largest business lines. ... Read full article
The San Antonio bank reported 6.8% growth in loans, but Phil Green said he was unwilling to match overly generous prices and underwriting terms that he is seeing in the market. ... Read full article
Stephen Steinour said it was pure conjecture that Huntington was a possible suitor for the Dallas bank if it decides to put itself up for sale at some point. He emphasized Huntington's core-growth strategy and upbeat economic signs from consumers and ... Read full article
The Oklahoma company will pay $122 million for a bank with three branches in Dallas. ... Read full article
Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank. ... Read full article
The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions. ... Read full article
Overall loan growth at the Tulsa, Okla., company was muted, however, as an increase in early paydowns lowered commercial real estate loan balances. ... Read full article
Fifth Third Bancorp in Cincinnati also closed on its purchase of MB Financial and benefited from increases in corporate banking revenues and a slight improvement in credit quality. ... Read full article
The Salt Lake City bank saw growth across all lending categories and an improvement in credit quality. It also said it has finished the second of three stages in its multiyear conversion to new core-banking technology. ... Read full article