News Topic: Community banking

The Federal Reserve's decision to allow the Territorial Bank of American Samoa access to the U.S. payment system creates only the second public bank in the country, and may pave the way for others in California, New Jersey and elsewhere. ... Read full article

The Boston-area bank will add branches near New Hampshire after buying the cooperative bank. ... Read full article

For one California bank, the biggest challenge was finding equity investors to participate in deals. ... Read full article

Capitol Federal will enter commercial lending for the first time in its 125-year history after it buys Capital City Bank. ... Read full article

Many banks talk about the need to replace legacy core systems, but relatively few go through with it. The CEO of Mechanics Cooperative Bank in Massachusetts explains the case he made to his board that the promise outweighed the risk. ... Read full article

Spirit of Texas Bancshares plans to raise $40 million to fund organic growth and acquisitions. ... Read full article

Porter Bancorp in Kentucky spent years tackling credit and capital issues. As Limestone Bank, it will finally get back on offense. ... Read full article

KS Bancorp wants to become a corporation in business-friendly Delaware, which would be more likely to back its defensive-minded share-rights plan. ... Read full article

Dan Rollins engineered nearly a dozen deals while at Prosperity Bank. Now CEO at BancorpSouth, he has returned to M&A after spending four frustrating years dealing with compliance issues. ... Read full article

Putting aside the spin of both credit unions and banks, we offer some informed predictions about how the financial industry would be reconfigured if the century-old tax break were to disappear. ... Read full article

First Keystone, which gave no reason for Matthew Prosseda's abrupt departure, has formed a search committee to find a permanent replacement. ... Read full article

Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale. ... Read full article

The Florida company is also set to enter Alabama as part of the $360 million purchase. ... Read full article

The Missouri company reported strong loan growth that also reflected a spike in factoring activity. ... Read full article

Banks and credit unions have been fighting each other so long that many have forgotten how the feud started and why it may matter to the future of both industries. ... Read full article

The company agreed to buy Landmark Bancshare in Marietta, Ga., for $115 million. ... Read full article

Live Oak Bancshares wants its next bank president to “step on the gas” as it accelerates growth into new industries. ... Read full article

AssetMark Trust plans to offer a product for the $1 billion in cash it holds for clients. ... Read full article