News Topic: Community banking

Community banks are increasingly turning to account onboarding technology to help them solve a growing problem — how to win new customers without opening physical branches. ... Read full article

A Virginia bank's decision to pursue a charter in North Carolina puzzles some observers, given the added complexity and costs. ... Read full article

The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets. ... Read full article

The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets. ... Read full article

Chris Marshall, a former CFO at Capital Bank Financial, will help Tax Guard recruit bank and nonbank clients. The firm uses technology to let lenders know if potential clients owe money to the IRS. ... Read full article

Michelle Bowman, a former community banker and now the Kansas banking commissioner, was one of two Federal Reserve Board nominees announced by the White House on Monday. President Trump also nominated Columbia University Richard Clarida as vice chair. ... Read full article

New Resource Bank and P2Bi are splitting the risk and revenue associated with asset-based loans. ... Read full article

Gary Shook, who led Middleburg Financial before its sale to Access National, has become president of Blue Ridge's bank. ... Read full article

Amber Baldet is exiting JPMorgan Chase to start her own venture, and another female executive is taking charge of the blockchain effort. BofA makes major progress on digital mortgages and gets gun-shy after Parkland. Plus, GM’s one-sentence dress code. ... Read full article

The bank, which already offers mortgages through seven offices across North Carolina, is the fourth group to announce plans for a de novo in the state. ... Read full article

The bill, which also exempts community banks from the trading ban named for former Fed Chairman Paul Volcker, would go a step further than the regulatory relief bill that passed the Senate. ... Read full article

Banks have been hanging on to problem loans for various reasons, but that could create headaches when credit inevitably worsens. ... Read full article

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes. ... Read full article

Stilwell Group is trying to win a board seat at Wayne Savings Bancshares. ... Read full article

Reps. Elijah Cummings and Stephen Lynch sought records related to a banker's communications with former Trump campaign manager Paul Manafort and the Trump campaign, and about his bank's loans to Manafort. ... Read full article

The company will add a representative of Stilwell Group to its board. The investment firm, which has long criticized HopFed's leadership and strategy, agreed to support the company's recommendations at future annual meetings. ... Read full article

The 106-year-old bank is looking to raise $90 million, with plans to use half of the funds to redeem outstanding preferred stock. ... Read full article

Beach Community Bank in Fort Walton Beach will be sold for $100 million once its holding company goes through bankruptcy, according to a local news report citing the bank. ... Read full article