Community banking

Valley lands rare ‘backdoor capital raise’ with latest acquisition

06/26/19

The New Jersey regional will have higher capital levels after buying Oritani Financial. That was just one of the reasons why CEO Ira Robbins overcame his aversion to M&A.

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Iowa bank announces second asset sale to a credit union

06/26/19

First American Bank agreed to sell its Iowa branches to GreenState just weeks after arranging the transfer of its Florida locations to another credit union.

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Valley National bulks up in N.J. with Oritani purchase

06/26/19

Valley, which had focused on Florida in recent years, will double its market share in Bergen County with the $740 million acquisition.

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Investor locks down majority stake in Virginia bank

06/26/19

Ken Lehman recently bought a block of shares in Village Bank & Trust Financial.

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Bank CIO’s mission: Getting out from under bad tech vendor contracts

06/25/19

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

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Minority-owned banks' performance has significantly improved: FDIC

06/25/19

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

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Credit unions are buying banks, but can they keep the customers?

06/25/19

The biggest challenge for credit union acquirers involves retaining commercial customers at the banks they buy. That's why constant communication, and having more commercial products and services, matter.

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Hayward Bancshares is latest Wisconsin bank to find a buyer

06/24/19

The deal with Frandsen Financial is the 12th bank M&A transaction this year involving a seller in Wisconsin.

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Cross River gets onboarding system it coveted in fintech deal

06/24/19

Seed, a San Francisco startup, has developed a platform that lets small businesses quickly open accounts online. That's an important feature for Cross River as it courts more fintech clients.

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1st Constitution to expand in northern N.J. with bank purchase

06/24/19

Shore Community Bank, which has five branches in Ocean County, will sell for $53 million.

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