Progress Financial to buy First Partners Financial in Alabama
Progress will pay $42 million to expand in Birmingham, Ala., adding branches in a market where it hired a lending team last year. ... Read full article
Progress will pay $42 million to expand in Birmingham, Ala., adding branches in a market where it hired a lending team last year. ... Read full article
The Cleveland company has tapped Jamie Warder for the senior-level post. ... Read full article
A number of banks are tapping the brakes on commercial real estate lending, giving others an opportunity to make more loans at better terms. ... Read full article
The Louisiana company will enter several markets around Dallas with the $21 million deal ... Read full article
Bank CEOs have recently raised red flags about the president's protectionist rhetoric, including his proposals to tax imports from China and Mexico. The concerns have arisen as import-export financing is already facing headwinds. ... Read full article
The company continued to reduce its exposure to energy loans during the fourth quarter. ... Read full article
Gary Armstrong, former Richmond, Va., market president for Park Sterling will have a similar role at Bay Banks. ... Read full article
Citigroup's decision to exit mortgage servicing by the end of 2018 is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers. ... Read full article
The California bank has hired an outside firm to review its loans and will de-emphasize health care lending. ... Read full article
With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line. ... Read full article
Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks. ... Read full article
If offering a national regulation option to fintech players is the carrot, compliance with commonsense borrower protections could be the stick in promoting responsible financial innovation. ... Read full article
Webster Financial was unable to hit its loan and deposit goals in Boston last year as it prioritized relationship building over cut-rate pricing. ... Read full article
Having a bank loan officer authorized to also cross-sell securities is like holding a burning candle at both ends. Sooner or later the bank will get burned. ... Read full article
Even with some energy firms still struggling, bankers seemed confident that the Texas economy would remain one of the nation’s strongest in 2017. ... Read full article
The Wayne, N.J., company posted double-digit gains in interest and nontinterest income. ... Read full article
Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company. ... Read full article
Fifth Third and other regionals have ditched what they deem to be high-risk commercial loans in hopes of strengthening credit quality over the long term. ... Read full article
Increases in commercial real estate, C&I and municipal and state loans boosted fourth-quarter profit at the $13 billion-asset Trustmark. ... Read full article
Mortgage lending was "challenging" in the fourth quarter, but the Troy, Mich., company showed strong growth in commercial loans ... Read full article