Community banking

ConnectOne announces in-market deal for Bancorp of New Jersey

08/16/19

The company will pay $113 million for a commercial lender based in its backyard.

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Bankers welcome rush of refis, but it's no cure-all

08/15/19

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.

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Ink barely dry on two deals, OceanFirst chief scouting another

08/15/19

Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.

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United Financial could've sold for a lot more money, filing shows

08/14/19

People’s United offered 30% more in the summer of 2018 for United Financial than it agreed to pay in a deal announced last month. What followed the initial talks is a textbook lesson in the impact of indecision and the unexpected in bank M&A.

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Racial divide exposed in lending to the smallest of small businesses

08/14/19

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.

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Indiana credit union agrees to buy community bank

08/14/19

Indiana Members Credit Union will pay cash for Commerce Bank.

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Heartland Financial buying bank in Illinois

08/13/19

The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.

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CIT buys itself wiggle room with Mutual of Omaha Bank deal

08/13/19

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

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Level One deploys capital from IPO to buy Ann Arbor Bancorp

08/13/19

The Michigan company will pay $68 million to expand in a high-priority market.

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Hanmi delays quarterly filing over review of nonaccrual loan

08/13/19

The Los Angeles company said it is also looking into internal controls tied to construction lending.

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