Spirit of Texas Bancshares is acquiring four branches and a loan production office from Simmons First National Corp. as part of an aggressive expansion in its home state. ... Read full article
The once-acquisitive company appears ready to come off the sidelines, but will it be as a buyer or seller? ... Read full article
Top officials at Bank of America and Wells Fargo said that commercial loan demand is weak, even as U.S. consumers show strength. Their comments echo recent findings by the Federal Reserve. ... Read full article
On Jun. 30, 2019. Dollars in thousands. ... Read full article
The Columbus, Ga., company had been counting on increased volume to offset a squeeze in net interest margins. ... Read full article
The head of the firm's real estate investment arm pushed back at the idea that buildings with coworking companies as lead tenants are risky bets for lenders. ... Read full article
The firm’s financial woes are mostly a result of overspending, but they have raised questions about how banks’ commercial real estate portfolios might fare if the coworking sector implodes. ... Read full article
Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says. ... Read full article
Recent studies offer a dire outlook for water levels in drought-prone states. Some banks are bracing for this risk with changes to underwriting of real-estate-related loans. ... Read full article
The New Jersey company was reportedly shopping itself around last fall. Fresh off an agreement to buy Gold Coast Bancorp in New York, CEO Kevin Cummings says he is ready to explore other acquisitions. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
It’s hard to time the next economic slowdown. But lenders, many with lingering memories of the financial crisis, are taking steps now to limit exposure in commercial real estate, construction and other loan segments. ... Read full article
Bankers are downplaying such concerns, but others say a sharp decline in values on rent-regulated buildings means landlords will have less cash flow to acquire new properties ... Read full article
The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020. ... Read full article
Pressure to raise rates on deposits offset strong loan growth at the Salt Lake City company. ... Read full article
As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak. ... 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
New York's sweeping rewrite of rent stabilization laws could pose a credit risk to lenders that finance capital improvements to regulated apartment properties, according to a report Monday by Fitch Ratings. ... Read full article
Banks fear that more competition from nonbanks in commercial real estate will drive down pricing and lead to a relaxation of terms. ... 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
