News Topic: Community banking

The as-yet-unnamed bank, which would be based near Charlotte, N.C., would be led by Randy Helton, a former CEO at American Community Bancshares. ... Read full article

Nonbank mortgage firms are seeking formal assurance from the Consumer Financial Protection Bureau that they will not become subject to surprise audits or enforcement without involvement of a state regulator. ... Read full article

The company, which recently shareda three-year plan to bring in more lower-cost deposits and commercial loans, seems ready to play offense a year after the abrupt ouster of its CEO. ... Read full article

Achieva Credit Union, which recently formed a business to advise other acquisition-minded credit unions, has agreed to buy Preferred Community Bank. ... Read full article

The company agreed to buy Bank of River Oaks for $85 million in cash. ... Read full article

People's Bank of Commerce in southern Oregon decided it had to diversify to survive, so when a director heard a factoring firm he co-founded was up for sale, the bank seized the moment. Now it has other deals in mind. ... Read full article

The Justice Department required the sales before signing off on MainSource's pending sale to First Financial in Cincinnati. ... Read full article

HopFed was ordered to pay the legal fees for Stilwell Group, which sued the bank after its directors passed a bylaw intended to keep the investor off its board. ... Read full article

As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists. ... Read full article

The company must develop and implement a system of internal controls to ensure full BSA and anti-money laundering compliance, among other things. ... Read full article

The California company has agreed to buy Grandpoint Capital, a business bank in Los Angeles, for $641 million. ... Read full article

Wells Fargo’s troubles show that the bank needs to rebuild trust with consumers and the diverse neighborhoods where it operates in order to succeed. ... Read full article

Cambridge Bancorp in Massachusetts is looking to prove to entrepreneurs that it is in the business for the long haul. ... Read full article

The Fed determined that Jacob Goldstein, who was also president of NBRS Financial Bank, improperly signed off on loans without telling the board that he would benefit from them. The bank failed in 2014. ... Read full article

Codorus Valley Bancorp fired Dwight Utz, the head of its bank unit, "without cause" just a few weeks after reporting earnings of $12 million for 2017. ... Read full article

Capital One has been rolling out coffee shops where it can offer banking services — but are not considered branches. The cafes have been especially effective at gathering deposits, putting more pressure on community banks that have already been losing ... Read full article

A provision in the Senate’s two-year budget deal would cut the Federal Reserve's operating surplus by $2.5 billion, the second time in recent years that Congress has diverted Fed funds. ... Read full article

Additional consolidation would not strengthen the industry, but would instead leave consumers with less choice and reduced access to financial services. ... Read full article