UMB Financial profit rises on double-digit loan growth
Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company. ... Read full article
News Topic: Community banking
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New York Community still hunting for a large acquisition
The company wants a big deal to help push it over $50 billion of assets, at which point it will be considered systematically important. ... Read full article
Flagstar misses estimates as mortgage production slows
Mortgage lending was "challenging" in the fourth quarter, but the Troy, Mich., company showed strong growth in commercial loans ... Read full article
How poor communication killed a bank deal
Heritage Oaks in California ended talks with an unnamed institution when it couldn't get a response on a regulatory concern. ... Read full article
Popular finds reasons to celebrate despite quarterly loss
Cost control and improved credit were overshadowed by a big charge tied to a dispute with the FDIC. ... Read full article
How Wells employees covered up; big bank execs still cashing in
Wells branch employees knew in advance when bank inspectors were coming; Goldman, Morgan Stanley and JPMorgan execs have sold nearly $100 million in stock during the Trump rally ... Read full article
Simmons First to buy First Texas BHC for $462M
The deal comes on the heels of Simmons’ agreement to buy Southwest Bancorp in Oklahoma. ... Read full article
Hope Bancorp to buy U & I Financial in Seattle
The acquisition is the first for Hope since a transformative merger last year. ... Read full article
Banc of California plans corporate reform in wake of Sugarman departure
The once high-flying company could also face higher legal costs tied to an SEC probe into recent disclosures. ... Read full article
Blue Gate Bank opens in Southern California
The bank is among a handful of de novos to have its charter approved since 2009. ... Read full article
Old Point to take over control of mortgage joint venture
The Virginia bank has agreed to buy Tidewater Mortgage’s majority stake in Old Point Mortgage. ... Read full article
HCBF agrees to buy Jefferson Bankshares in Florida
HCBF, once an aggressive acquirer, hadn't announced a deal in nearly two years. ... Read full article
Sugarman resigns from Banc of California as SEC probes recent disclosures
The company also admitted that certain details in an October press release were inaccurate. ... Read full article
Pinnacle Financial to buy Bank of North Carolina parent
The $1.9 billion deal – the largest announced in 2017 – will create a bank with nearly $20 billion in assets. ... Read full article
Carolina Financial to raise $44M in public offering
The South Carolina company plans to use proceeds for acquisitions and organic growth. ... Read full article
Regions counters branch-closing costs with improved loan yields
Quarterly profit improved despite a spike in noninterest expenses. ... Read full article
Bear State Financial in Ark. promotes millennial as its new CEO
Matt Machen, who previously served as the company’s president, has been at Bear State since 2011. ... Read full article
KleinBank in Minn. girds for fight over redlining claims
The Justice Department claims the bank, which has received “satisfactory” ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis. ... Read full article
TriState Capital in Pittsburgh adds banking vet to its board
Kim Ruth once served as a state president for Bank of America in Texas. ... Read full article
Riverview Financial in Pa. to sell $17M in stock
The company is selling common and preferred stock in a private placement. ... Read full article