Community banking

The Dallas company inherited the loan relationship from a bank it bought in 2017.

The rise in prices caused by the attacks on Saudi Arabian oil installations should help banks recoup some losses from the 2016 downturn. Harder to gauge is the impact the price volatility will have on U.S. energy production and, in turn, loan demand.

The Boston company said the loan participation went into default due to potentially fraudulent activity.

Increased adoption of The Clearing House’s faster payments system could put pressure on community banks and credit unions awaiting the launch of the Fed’s competing service, FedNow.

The decision to bring in Michael Doyle follows a quarter where the South Dakota company reported a spike in net charge-offs.