As construction lending rebounds, tech investment follows
To attract new customers, banks are getting rid of the paper-based payments process between builders and subcontractors. ... Read full article
To attract new customers, banks are getting rid of the paper-based payments process between builders and subcontractors. ... Read full article
It’s too soon to gauge the true impact of recent tax cuts on loan demand, but anecdotes from bankers suggest that, after months of stagnation, pipelines are filling up again. ... Read full article
Its small, locally owned banks were as decimated after the crisis as in any big city. But community bankers say changes to the economy and their lending practices offer them a shot at challenging the big banks that dominate their market. ... Read full article
Credit standards for commercial loans to medium and large firms showed some signs of easing over the last three months of 2017, even though demand stayed relatively unchanged. ... Read full article
On Sep. 30, 2017. Dollars in thousands. ... Read full article
The New York multifamily lender is making steady progress in a multiyear effort to reduce its dependency on commercial real estate. ... Read full article
A large writedown on its portfolio of taxi medallion loans marred an otherwise strong fourth quarter for Signature Bank in New York. ... Read full article
Weak loan growth, a $3.25 billion litigation accrual and other costs tied to the phony-accounts saga all added up to a messy fourth quarter for the San Francisco bank. ... Read full article
How new developments on many fronts are going to affect the banking business in the coming year and beyond — and what they can do to prepare. ... Read full article
Startups that have developed blockchains for real estate finance are starting to conduct a broader array of transactions, including property sales. Banks can either try to incorporate the technology into their businesses or risk being displaced by it. ... Read full article
Carter Bank & Trust’s founder shunned internet banking and handled most executive duties himself. He died in April and his successor, Litz Van Dyke, is now working at breakneck speed to modernize this once-hidebound Virginia bank. ... Read full article
Consumers’ desire to shop online is creating huge demand for distribution centers and forcing property owners to think creatively about redeveloping vacant retail space. Meanwhile, hundreds of billions of dollars will be spent rebuilding areas hard hit by ... Read full article
The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio. ... Read full article
It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month. ... Read full article
SunTrust sold an insurance financing unit that it deemed noncore, but it is on the lookout to buy more complementary businesses such as a CRE lender it acquired last year. ... Read full article
A New York banker who mastered the art of buying low and selling high, broke industry norms and learned from his mistakes in commercial real estate, Kanas became a model regional bank builder and a central figure in the post-crisis recovery. ... Read full article
Beth Mooney is taking KeyCorp to new heights through bold deal making and with a relentless commitment to doing what's right for customers, employees and communities. ... Read full article
BOK Financial benefited from rising interest rates in the third quarter even as it reported declines in fee income and commercial real estate loan balances. ... Read full article
On Jun. 30, 2017. Dollars in thousands. ... Read full article
The Tennessee company reported 6% growth in loans, which included strong C&I and CRE grains. However, revenue shrank thanks partly to a steep falloff in fixed-income fees. ... Read full article