Some executives are shrugging off recent defaults as isolated incidents, but others say states’ uneven embrace of the Affordable Care Act, as well as potential changes to the law itself, have escalated the risks in lending to health firms.
Richard Moore, CEO of First Bancorp in North Carolina, believes he can unlock more shareholder value through acquisitions and by taking advantage of disruption elsewhere.
Loan demand disappointed as optimism for economic growth under President Trump gave way to uncertainty over the prospects for regulatory relief and tax reform. Credit quality held up, but the retail and health care sectors have become potential trouble spots. Here’s a recap drawn from banks’ quarterly earnings calls.
The tech-focused banking company reported loan growth of 15% in a strong first quarter thanks partly to stronger lending to private-equity and venture capital clients.
City National Capital Finance is a nationwide platform with a focus on large and midsize clients. The unit has offices in Florida, Texas, Maryland, North Carolina, Virginia and New York.
The Georgia company invested in HCSB Financial's recapitalization a year before agreeing to buy the coastal South Carolina bank. Doing so allowed United to stay to close to HCSB and its board, which helped when the time came to discuss a deal.
