Community banking

Forgotten SBA loan program gets new life

07/18/19

As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.

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Kansas bank files for $100M initial public offering

07/18/19

CrossFirst Bankshares intends to use the proceeds for general corporate purposes, including support of future growth, according to its SEC registration statement.

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Emboldened by CECL delay, industry seeks repeal

07/17/19

After FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more.

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Illinois credit union buying Ben Franklin Financial

07/17/19

The former mutual, which had faced pressure from an activist investor, agreed to be sold to Corporate America Family Credit Union.

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Agricultural issues, borrower fraud to cut into Great Western's profit

07/17/19

The South Dakota company warned that it will charge off millions of dollars in loans to dairy and cattle farmers.

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FASB extends CECL deadline for most lenders

07/17/19

The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.

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People’s United has no intention of stopping at $50 billion

07/16/19

The Connecticut company, which will top that asset milestone when it buys United Financial, says it could buy more banks in coming months.

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People's United to cross $50B in assets with United Financial deal

07/15/19

The Connecticut company will add heft in its home state and Massachusetts when it buys the former mutual.

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Latest New York de novo will court middle-market firms

07/15/19

Piermont Bank, set to open this week, will be the city's second new bank this year.

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Carolina Financial makes bigger inland push with latest bank purchase

07/15/19

The company, based in Charleston, S.C., will by Carolina Trust in western North Carolina for $100 million.

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