Full-employment blues: Recruiting bankers gets even harder
A tighter labor market and declining demand for compliance employees are expected to slow down hiring at banks in the coming year. ... Read full article
A tighter labor market and declining demand for compliance employees are expected to slow down hiring at banks in the coming year. ... Read full article
Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change. ... Read full article
There are signs that commercial loan demand finally picked up in the second quarter, but banks still face some obstacles. ... Read full article
The Illinois commercial bank gained a new role when it realized it shared the same digital transformation challenges as its customers. ... Read full article
A team of economists surveyed by the American Bankers Association also believe that unemployment could reach new lows. ... Read full article
The explosion in construction of self-storage facilities is being backed by banks hungry for commercial loans. Some market participants fear a glut is in the making and the credits could sour. ... Read full article
The Dallas company expects to report a higher loan-loss provision after the loans, which include two shared-national credits, deteriorated in the second quarter. ... Read full article
The Canadian company's ambitions include opening a commercial banking office in Dallas and beefing up lending to the technology, construction engineering and the health care sectors. ... Read full article
With plenty of cash on hand, many commercial firms have had little need to tap existing credit lines. ... Read full article
The Atlanta bank has financed construction and other activities tied to nursing homes and related facilities mainly in its East Coast markets. It says the timing is good to tap into demand elsewhere in the country. ... Read full article
President and CEO Joseph Ficalora took a 33% pay cut in 2017, but shareholders still rejected the plan by a wide margin. ... Read full article
On Mar. 31, 2018. Dollars in thousands. ... Read full article
Amid their recent policy victories and record earnings, big banks have also been forced to grapple with the possibility that commercial lending — the lifeblood for large regionals — may never fully come back. ... Read full article
Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial disclosed a total of $75 million in exposure to the commercial relationship. ... Read full article
A group in North Carolina has finally gone public with its brand, and three other de novos have already been rebranded. ... Read full article
The numbers are better but still disappointing for such a healthy economy, lamented executives from large U.S. banks. Some are scratching their heads, some are remaining upbeat about the second half of the year, and others are focusing on Plan B. ... Read full article
Seneca-Cayuga Bancorp wants a limited-use charter to maneuver around a New York law that bars mutuals from working with municipalities. ... Read full article
The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending. ... Read full article
The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations. ... Read full article
MapleMark Bank, which was known as First National Bank of Edgewood when it was bought by an investment group last year, will use the funds to support commercial lending and private banking. ... Read full article