News Topic: Community banking

The Financial Choice Act contains many positive reforms for community banks, but a provision affording benefits for holding loans on balance sheet poses risk for small lenders. ... Read full article

David Provost will succeed David Ramaker as the Michigan company's CEO. Provost ran Talmer Bancorp, which Chemical bought last year. ... Read full article

Byline Bancorp's decision to go public sends a message that it plans to dangle a more liquid stock in front of potential sellers. It also provides a way for certain shareholders to cash out. ... Read full article

In 1981, a Louisiana banker sarcastically offered advice to a money market fund chasing deposits in his market, presaging today’s battles over nonbanks encroaching on banks' turf. ... Read full article

The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting. ... Read full article

The offering would be a big milestone for Byline Bancorp, which was recapitalized in 2013 by a group led by former Banco Popular North America CEO Roberto Herencia. ... Read full article

Beacon Community Bank seeks to become the first new bank in South Carolina in roughly a decade. ... Read full article

Pinnacle Financial Partners closed in on $20 billion in assets by buying BNC. It now has to integrate the North Carolina bank, while finding ways to boost profit and adapt to increased regulatory burden. ... Read full article

Seven banks have agreed to be sold to credit unions in the last 18 months. Expect more deals as both industries face internal and external pressure. ... Read full article

Adding Community 1st Bank would help it expand in northern California. ... Read full article

The legislation passed by the House to roll back Obama-era regulations is being touted as vital for small banks, but the bill’s main beneficiaries are elite megabanks. ... Read full article

AloStar, based in Birmingham, Ala., was formed following the 2011 failure of Nexity Bank. ... Read full article

Fed Chair Janet Yellen called the Treasury's report a "complicated document" that shared many of the central bank's objectives, including reducing regulatory burden without sacrificing safety and soundness. ... Read full article

Movement Mortgage, which is looking to ramp up lending, recently recapitalized First State Bank in Danville, Va. ... Read full article

The city is booming thanks to its rising population, revitalized downtown and diverse economy, attracting bank buyers and de novo interest. ... Read full article

The Indiana company will pay $92 million for Wolverine Bancorp ... Read full article

The Florida Bankers Association recently canceled a fintech conference due to a lack of interest. Such aversion could prove costly for bankers in the future. ... Read full article

The company will pay about $219 million for Diboll State Bancshares. ... Read full article