Community banking

Amalgamated makes environmental, social values part of bottom line

03/01/21

The bank’s new holding company, Amalgamated Financial Group, is the first publicly traded financial services company to become a public benefit corporation. It says the legal designation will help officers and directors balance the interests of shareholders and the public.

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How the pandemic has changed small banks' views of CRE

02/28/21

Community banks, which for years have relied heavily on commercial real estate lending, have been tightening underwriting standards, conducting more-frequent loan reviews and stepping back from certain subsectors to minimize their credit exposure.

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Ag lenders more upbeat as crop prices soar

02/25/21

Soybean, corn and wheat are trading at their highest levels since 2014, meaning farmers are more likely to catch up on loan payments and pursue expansions that require them to take out more loans.

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Vernon Hill named CEO of Republic First in Philadelphia

02/24/21

The founder of Commerce Bank in New Jersey and Metro Bank in the United Kingdom has served as Republic First's chairman since 2016.

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CIB Marine in Wisconsin feeling pressure from well-known investor

02/24/21

Hildene Capital, which is pressuring CIB Marine to issue subordinated debt to redeem preferred stock, has nominated two individuals to stand for election to the company's board.

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First National to enter southwestern Virginia with Bank of Fincastle deal

02/18/21

The company has agreed to pay $32 million for a bank with six branches and $256 million of assets.

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How apps became more trusted than banks, and what banks can do about it

02/17/21

Consumers who have felt betrayed by banks are more likely to turn to mobile apps that give them a greater sense of financial control. Bankers must reconnect with these people and reassure them that their personalized advice is safe and valuable.

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Fed governor backs revamp of bank merger review process

02/16/21

Gov. Michelle Bowman said the agency's analysis of certain deals should weigh the competitive threats posed by technology companies and nonbanks.

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How this bank’s digital brand is succeeding where others have failed

02/16/21

Others, like JPMorgan Chase, have shut down their mobile-only brands. But Rising Bank, Midwest BankCentre's three-year-old neobank, is meeting its deposit goals, adding new products and avoiding cannibalization, says Dale Oberkfell, the bank's president.

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How this bank’s digital brand is succeeding where others have failed

02/16/21

Others, like JPMorgan Chase, have shut down their mobile-only brands. But Rising Bank, Midwest BankCentre's three-year-old neobank, is meeting its deposit goals, adding new products and avoiding cannibalization, says Dale Oberkfell, the bank's president.

[more]