Community banking

SBA's biggest lender is overhauling its business model

12/14/18

Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.

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Activist investor hires heavy hitter for fight with HomeStreet

12/14/18

Blue Lion Capital said Johnny Guerry, who was sparred with other community banks, will assist in efforts to pressure the Seattle bank to improve its performance or sell itself.

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ICBA to create online directory of fintech firms

12/14/18

The directory, which will debut next year, should help community banks find potential fintech partners.

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Axos loads up on more deposits (for free)

12/14/18

The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.

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Delmar Bancorp entering Virginia with latest bank acquisition

12/13/18

Virginia Partners will operate as a separate bank unit after the deal closes.

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WSFS to shrink branch network by 25% after merger closes

12/13/18

The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most the the closures will take place in Pennsylvania.

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Nobody saw this bank deal coming

12/13/18

When Trinity Capital in New Mexico put itself up for sale last summer, it reached out to several local banks to gauge their interest. Then came a surprise offer from a suitor based a thousand miles away.

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Morris State expands in southeastern Ga. with FMB acquisition

12/13/18

Morris State will pay $24 million for the parent of Farmers & Merchants Bank.

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Group applies with FDIC to open bank in New Hampshire

12/12/18

Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015.

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Piling on: Democratic lawmakers join chorus of CECL critics

12/12/18

Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.

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