Community banking

Live Oak outpaces larger rivals in moving core system to public cloud

09/21/20

The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs.

[more]

Pressure mounts on U.S. bank regulators to stress test for climate change

09/20/20

Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended.

[more]

Byline in Chicago joins list of community banks closing branches

09/18/20

The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.

[more]

How a tweak to the Federal Home Loan banks could save cities

09/16/20

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

[more]

Northwest Bancshares in Pa. to close fifth of its branches

09/14/20

The company joins a growing list of banks shuttering locations as customers flock to digital channels.

[more]

Federal overhaul of M&A rules could favor small-bank deals

09/13/20

Justice Department officials have embarked on a rewrite of antitrust policy that could waive certain requirements for community bank mergers and provide fewer advantages to large, out-of-town buyers and banks in urban areas.

[more]

Ohio mutual lines up deal for southern Virginia bank

09/11/20

First Mutual Holding has agreed to buy Martinsville First Savings Bank, which will retain its charter, brand and management team.

[more]

Amalgamated in New York to form holding company

09/10/20

The bank said the move will provide more flexibility raising capital and more options when it comes to pursuing bank acquisitions.

[more]

Community banks get on board with bots

09/10/20

Robotic process automation is normally the province of large banks, but Extraco Banks in Texas and Carter Bank in Virginia are training bots to perform repetitive, mind-numbing tasks.

[more]

Activist lawsuit a reminder for banks to tread carefully in proxy fights

09/09/20

Driver Management, a bank investor, alleges that First United in Maryland made false claims and improperly lobbied lawmakers to keep its nominees off the board. The bank asserts that it acted properly in response to an attempted hostile takeover.

[more]