Community banking

Why startup Finxact just got $30M from the ABA, SunTrust, others

01/25/19

The core-banking vendor won the investment and ringing endorsements from the trade group and several banks because its open system and cloud delivery could eventually challenge entrenched tech players.

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Heritage Commerce in California lines up CEO succession

01/25/19

Keith Wilton will also succeed Walter Kaczmarek as president in August.

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Customers Bancorp to keep BankMobile for at least two years

01/24/19

The Pennsylvania company said it expects the digital bank to become profitable by the end of this year.

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Higher-yielding loans contribute to Associated's 78% profit spike

01/24/19

An improved net interest margin helped offset a slight decrease in fee income at the Wisconsin company.

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Bank deal to boost Central Florida Educators FCU's business lending

01/24/19

The Lake Mary, Fla.-based credit union has agreed to buy Fidelity Bank of Florida for an undisclosed amount.

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De novo activity's up, but organizers face familiar obstacles

01/24/19

Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons.

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Sterling to buy specialty lending businesses from Woodforest

01/23/19

The New York company will add $504 million of asset-based and equipment-finance loans as part of the acquisition.

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Loan growth offsets hits to 4Q fee income at Berkshire Hills

01/23/19

The Boston company reported a quarterly profit despite mortgage headwinds and lost SBA revenue tied to the partial government shutdown.

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Partnership Community latest Wisconsin bank being sold

01/23/19

Bank First's deal for Partnership is the third Wisconsin bank merger announced this week.

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Call grows louder for SBA to tackle loan application backlog

01/23/19

Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.

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