News Topic: Community banking

The nonprofit is turning to banks and social impact investors to support a newly created fund designed to significantly increase the size of its loan portfolio over five years. ... Read full article

The Seattle company invalidated the proposal by Blue Lion Capital, claiming it fell short of its bylaw requirements. ... Read full article

The Seattle company first disclosed an issue in September, when it withdrew an application to buy Anchor Bancorp. ... Read full article

The $12 million settlement forced WSFS to reduce its fourth-quarter earnings. ... Read full article

A debate is brewing about whether rising rates mean banks must pay more to hold onto deposits from city and county governments — and whether they are worth it. Some would say no question on both counts, while others say it all depends on the financial ... Read full article

Kathleen Henry and Steven Antonakes have been named to the bank's management committee. ... Read full article

Iowa lawmakers are considering a bill that would lower taxes for banks and impose a franchise tax on credit unions. The move could be a bellwether for other states looking at similar measures. ... Read full article

Two House Democrats are asking the Pentagon for information about its contacts with Stephen Calk, CEO of a small Chicago bank that made $16 million in mortgages to President Trump's campaign manager. ... Read full article

While the $632 million-asset nbkc bank was the smallest known participant in the recent round of funding for Greenlight, the investment wasn't its first foray into fintech. ... Read full article

The quarterly earnings decline from a year earlier was largely due to a one-time hit to the value of banks’ deferred tax assets, according to the agency’s Quarterly Banking Profile. ... Read full article

The company will also surpass $10 billion in assets when it buys Community Bank. ... Read full article

National Credit Union Administration Chairman J. Mark McWatters made an appeal to credit union executives to work with small community banks when it comes to advocating for shared goals. ... Read full article

Savings Bank of Walpole and New Hampshire Mutual Bancorp believe merging help them preserve a banking model that has faced pressure in recent years. The CEO at Savings Bank will also replace New Hampshire Mutual's retiring leader. ... Read full article

Since stepping down as CEO of Webster Bank last month, James Smith has spent much of his time co-chairing a panel tasked with solving his home state’s fiscal and economic woes. Banks, and perhaps even fintechs, could be a part of its comeback story, he ... Read full article

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors. ... Read full article

An investor had accused John Peck of using a HopFed lawyer to handle his purchase of real estate from an influential member of the company's board. ... Read full article

Judges recently ordered two banks to pay the legal fees for activist investors after certain roadblocks backfired. Their missteps can serve as a lesson for other skittish institutions. ... Read full article

Carson Lappetito has a long history of working with firms tied to Eric Hovde, chairman and CEO of Sunwest's holding company. ... Read full article