News Topic: Community banking

The Michigan company, which lost more than $1.4 billion in the aftermath of the financial crisis, is trying to become more of a commercial lender. It recent agreement to buy a deposit-rich franchise in California could help it get there. ... Read full article

The agency's Quarterly Banking Profile said banks earned $47.9 billion in the third quarter, helped by a 7.4% increase in net interest income from the previous year. ... Read full article

Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance. ... Read full article

CapStar in Tenn. claims Gaylon Lawrence violated the Change in Bank Control Act by building a 10% stake without prior Fed approval. The company is convinced Lawrence's long-term plan includes a hostile takeover. ... Read full article

Carver Bancorp, which has spent 70 years serving minorities in Harlem and surrounding neighborhoods, is struggling to turn a profit. As black-run banks nationwide struggle to stay afloat, Carver's CEO insists the institution is on the right track. ... Read full article

Clearinghouse CDFI will use funds from the $2 million investment to support affordable-housing and economic-development projects in communities and Native American reservations in California, Nevada and Arizona. ... Read full article

The Tennessee branches are being sold as part of First Horizon's deal to buy Capital. ... Read full article

Jefferson Financial in Louisiana struck a deal to bring in $12 million in secondary capital, which is believed to be the biggest haul to date for a credit union. It could also embolden other credit unions to pursue similar fundraising efforts. ... Read full article

The House-passed tax bill would eliminate the New Markets Tax Credit while the Senate bill would not reauthorize it when it expires in two years. Bankers and other proponents say that if it is discontinued many economic development projects in rural and ... Read full article

The company, which counts veteran banker Jay Sidhu among its investors, is selling to Ameris for $145 million in cash and stock. ... Read full article

The credit union has agreed to buy State Bank of Georgia in Fayetteville. ... Read full article

Readers weigh in on the departure of Richard Cordray, debate whether online lenders are akin to subprime lenders, offer praise of a community banker, and more. ... Read full article

The company has agreed to pay $49 million for First West Virginia Bancorp, the parent of Progressive Bank. ... Read full article

While technology will let many banks cut staff and reduce the size of branches, factors such as geography, customer demographics and strategic direction will ultimately shape the look and feel of future offices. ... Read full article

It’s good to be a business lender with a long contact list. Loan growth is weak and the talent pool has been shrinking, so banks big and small are paying top dollar to get an edge. ... Read full article

The company, which had launched an at-the-market offering in late May, plans to use the proceeds for organic growth. ... Read full article

Bridge Bancorp, which plans to rebrand is bank as BNB Bank, also plans to boost 2018 profit by $3.3 million by closing 14% of its branches. ... Read full article

Banks would be big winners if Congress slashes corporate tax rates and they will have no shortage of options for deploying all that extra cash. ... Read full article