A bombshell letter from a prominent senator and a court ruling criticizing credit unions’ interpretation of “field of membership” have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax ... Read full article
The high-profile hiring of Huntley Garriott comes a year after the North Carolina company had brought on a veteran banker to run the unit. ... Read full article
The $17 billion-asset Bank of Hawaii reported higher profits on rising interest income, even as it saw yearly declines in mortgage banking and deposit fee income, as well as losses on investment securities. ... Read full article
The Indiana bank plans to sell 10 branches to a credit union. It will also shut down several more locations. ... Read full article
Nearly a third of NBT Bancorp's revenue comes from fee businesses, though it took patience, several acquisitions and a tolerance for added regulation to get there. ... Read full article
The California company, which also focuses on Asian-Americans, agreed to buy First American International. ... Read full article
First Personal Bank in Illinois tried — and failed — to sell itself three times. The bank finally found an eager buyer after tackling several lingering problems. ... Read full article
An $378 million agreement to buy Farmers Capital will allow the West Virginia company to bridge a gap between Louisville, Ky., and Huntington, W.Va. ... Read full article
Spread income offset higher expenses during the first quarter at the Maryland bank. ... Read full article
The Arkansas company's revenue increased largely due to its 2017 purchase of Stonegate Bank. ... Read full article
Sussex Bank, which recently completed its first whole-bank acquisition, is rebranding itself as SB One Bank. ... Read full article
The company will merge with Kentucky Federal Savings and Loan by the end of this year. ... Read full article
BancorpSouth, which had two prior deals delayed over BSA and CRA issues, has agreed to buy a bank in the Houston area. ... Read full article
Premier Financial agreed to buy First Bank of Charleston for $33 million. ... Read full article
Online banks have good reason for wanting regulators to update the 41-year-old Community Reinvestment Act. ... Read full article
The Illinois company has agreed to buy Springfield Bancshares for $87 million. ... Read full article
Organizers of CommerceOne Bank in Birmingham must raise at least $30 million before opening. ... Read full article
Organizers of Studio Bank in Nashville have raised more than $40 million, satisfying the minimum amount set by regulators. ... Read full article
An increase in total loans and a lower tax rate helped the Mississippi company offset revenue it lost after selling a consumer finance business. ... Read full article
Though total loans and deposits were down from the end of 2017, management expressed optimism that things will pick up over the rest of this year. ... Read full article
