News Topic: Community banking

Moxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina. ... Read full article

Economic cycles do turn, eventually. And it is inevitable that the industry will fall victim to a new approach to banking that will fall flat in a downturn. ... Read full article

Flagstar Bank, which is in the process of buying more than 50 branches from Wells Fargo, has hired Ryan Goldberg as a director of retail banking. ... Read full article

A former chief financial officer at Hanover Bancorp is trying to separate the roles of chairman and CEO as part of a sweeping demand for change. ... Read full article

The sale includes 160,000 accounts and more than $400 million in deposits. ... Read full article

The Orlando, Fla., bank has bought Allied Affiliated Funding in Dallas in an effort to branch out beyond traditional commercial and consumer lending. ... Read full article

Branding can help define a de novo's strategy — and be costly and confusing to change if not done well. ... Read full article

Level One Bank in Farmington, Mich., has hired a team of mortgage bankers from MB Financial, which previously announced it was shutting down this business line. ... Read full article

Jeff Deuel will take over as CEO of Heritage Bank in Olympia, Wash., for Brian Vance, who will remain as the head of the holding company until next year. ... Read full article

Coastal Financial in Everett, Wash., said that it could be active in M&A with capital from its IPO and that it has already identified several possible targets. ... Read full article

Despite some criticisms of the strategy, community banks should continue to pair up with fintech companies that can help them expand their digital offerings. ... Read full article

First Western Financial in Denver could use the roughly $31 million it is hoping to raise to pay off debt and redeem preferred shares. ... Read full article

Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change. ... Read full article

VisionBank is the second de novo effort that would focus on the nation's capital. ... Read full article

A money-laundering scandal at Denmark's largest bank has prompted increased regulatory scrutiny at larger banks, so criminals may try to filter dirty money at smaller institutions, a regulator warned. ... Read full article

A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort. ... Read full article

Provident Financial said it increased its allowance against a commercial loan after discovering that the borrower overstated the value of its collateral. ... Read full article

While sellers in urban centers are getting a lot of attention from acquirers, Southern Bancorp in Arkansas shows the upside of pursuing smaller deals in underserved rural markets. ... Read full article