News Topic: Community banking

Full-time equivalent, as of Jun. 30, 2017. Dollars in thousands. ... Read full article

Banks and their regulators quickly got back up to speed in markets hit hard by recent hurricanes, in part due to the lessons learned by Hurricanes Katrina and Sandy, a panel of regulators said Tuesday. ... Read full article

Year to date through June 30, 2017. Dollars in thousands. ... Read full article

Year to date through Jun. 30, 2017. Dollars in thousands. ... Read full article

The company hired Kevin Thompson, a CFO with big-bank experience, to take over its top financial post. Once a fast-growing bank, Opus has spent recent months cutting costs and exiting certain business lines. ... Read full article

The acquisition is expected to boost WesBanco’s presence in Huntington, W.Va., and provide a bridge to its existing operations in Charleston, W.Va., and southeastern Ohio. ... Read full article

The company will pay $53 million in cash and stock for Signature Bank. ... Read full article

The company has reapplied to buy Civic Bank more than a year after a regulatory snag forced it to put the deal on ice. ... Read full article

The election of Democrat Phil Murphy as New Jersey's next governor is being hailed as a victory for advocates of state-owned banks. But challenges remain — namely, stubborn opposition from mainstream banks. ... Read full article

Sterling Bancorp in New York is determined to turn Astoria Financial's largely residential operation into a commercial powerhouse. While investors are skeptical, CEO Jack Kopnisky has proven in the past that such an ambitious plan is doable. ... Read full article

The planned sale will also include $70 million of loans in southern California. ... Read full article

While some community bankers and Washington advocates doubt the likelihood of achieving meaningful regulatory relief in the 115th Congress, the many measures advancing on Capitol Hill leave plenty of room for optimism. ... Read full article

During the past year, many have hoped for action from Washington that can alleviate burden and stem the rapid pace of consolidation. But in the current political environment, that appears increasingly unlikely. ... Read full article

In mid-2015, several thousand banks registered for dot-bank domains. More than two years later, only a few hundred have converted. ... Read full article

Outsiders gained access to customer information at Southern National Bancorp of Virginia using a malicious email. Other financial institutions, meanwhile, are implementing policies in hopes of avoiding the same fate. ... Read full article

The disagreement is tied to Walnut Street, an entity formed in 2014 to move certain commercial loans out of the bank. Separately, the company is facing a civil money penalty from the FDIC tied to issues with a third-party payment processor. ... Read full article

Readers chime in on the idea of a state-backed bank to serve the cannabis industry, data-sharing between banks and fintechs, whether community banks can just focus on tech laggards, and more. ... Read full article

Most of Sterling Bancorp's operations are in San Francisco and Los Angeles. The company plans to use some of the $93 million it will raise to expand in New York and Seattle. ... Read full article