Live Oak seeks to recreate nCino's success with First Data's help
A tech JV between Live Oak and First Data aims to do for small-business deposits what the bank previously did for lending. ... Read full article
A tech JV between Live Oak and First Data aims to do for small-business deposits what the bank previously did for lending. ... Read full article
One Bank & Trust in Arkansas just sold itself to the Treasury, resolving a legal judgment and clearing the way for a resale to the private sector. ... Read full article
Bank of Austin still needs approval from the Federal Deposit Insurance Corp., though organizers remain hopeful it can open this summer. ... Read full article
The post-election rally in banking stocks has given certain buyers the ability to make acquisitions that would add to tangible book value, perhaps making it easier for them to pursue more deals. ... Read full article
Rebeca Romero Rainey, a third-generation community banker who rose to executive leadership in her early 20s, has been tasked to lead the Independent Community Bankers of America at a pivotal time. ... Read full article
Blockchain technology requires major change in people and processes and smaller banks need to prepare, according to Joe Dewey, an attorney at Holland & Knight and author of a new book about distributed ledger technology. ... Read full article
During a meeting with more than a hundred community bankers on Monday, Trump administration officials made it clear they favored a system with different rules for small and big banks. ... Read full article
State regulators shuttered $4.7 billion-asset First NBC Bank of New Orleans in what is expected to be the costliest failure since the tail end of the financial crisis. ... Read full article
Unable to outspend big banks on technology, Asian-American banks are marketing to different ethnic groups and immigrants, sponsoring events for youth and young professionals and emphasizing in-person service. ... Read full article
TowneBank's acquisition of Paragon Commercial Bank would give it access to several North Carolina markets. ... Read full article
How can banks improve performance while dealing with low interest rates and high regulatory expenses? One effective strategy is to bulk up, as shown by our annual ranking of the top 200 banks with less than $2 billion of assets. ... Read full article
Forecasts for better times ahead in banking have sellers wanting more and buyers pursuing less. ... Read full article
Working primarily with community banks, Promontory Local Credit will provide second-lien loans to small firms, potentially increasing their available credit by 50%. ... Read full article
With National Small Business Week set to kick off April 30, American Banker asked several community bankers to share stories of high-impact loans that made a difference in their communities and in their own enthusiasm for the work they do. ... Read full article
The number of U.S. banks has fallen by 24% since the end of 2010, a result of mergers, failures and a dearth of de novo activity. Here are the 10 states with the biggest declines as a percentage of total banks headquartered in the state, according to ... Read full article
The risks associated with a megabank collapse still pose huge problems for the industry, despite assurances from the head of the nation’s largest bank. ... Read full article
These execs say they are finding ways to reduce fixed costs in areas such as branching and personnel, offer appealing tech, yet provide in-person services when customers have concerns. ... Read full article
The Little Rock, Ark., bank said first-quarter profits rose slightly and that it plans to dissolve its holding company to trim regulatory costs. ... Read full article
Opus Bank has added Paul Greig, who was CEO of FirstMerit until its sale in July, as a director. ... Read full article
Carter, who built what became Carter Bank and Trust from the ground up, was praised for his “uncanny” credit acumen, devotion to community and family, and willingness to take unconventional risks. ... Read full article