Community banking

One group's plea to move mutuals off endangered list: Relax de novo standards

02/14/19

While proponents contend the model could help reach the underbanked, there remain many arguments against it.

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North Carolina de novo receives FDIC approval

02/13/19

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

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Balance-sheet pressures weigh heavily on community lenders

02/13/19

Banks and credit unions are experimenting with ways to maximize margins in an environment where the yield curve is flat, depositors want them to pay up and they fear the Fed could actually cut rates.

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Pot banking goes to Washington: 3 takeaways

02/13/19

Members of both parties want to make it easier for legal cannabis businesses to access financial services, but myriad obstacles stand in the way of that goal.

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Valley National to cut 60 corporate jobs

02/13/19

The New Jersey bank said it will save millions of dollars by eliminating the jobs as well as selling and leasing back some of its real estate.

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Closing many branches, but keeping most customers

02/12/19

OceanFirst in New Jersey shuttered more than a third of its branches but says nearly all the customers stuck with the bank because it trained employees to show customers how to go digital.

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Inside the bank deal that survived after a CEO quit

02/12/19

Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.

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Jury out on SOFR; Bowman advocates for community banks

02/12/19

The possible replacement for Libor's volatility raises concern about its viability; new Fed governor says community banks punished for crisis the did not cause.

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Upset SBA borrowers take their beef to Capitol Hill

02/11/19

If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.

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It's regulators' job to tailor rules for small banks: Fed's Bowman

02/11/19

In her first speech as a governor, the former community banker and Kansas state regulator highlighted the strengths of smaller institutions and the banking agencies' tailoring efforts.

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