Community banking

Bank CEO's fire-and-rehire maneuver reaps windfall at taxpayer expense

07/19/18

A multimillion-dollar deal between Chicago Mayor Rahm Emanuel and Stephen Calk, the man who would later become Paul Manafort's banker, was supposed to deliver 400 new jobs to the city. Here's what really happened.

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Pacific City Financial in Calif. plans IPO

07/19/18

The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million.

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Crossing state lines: Peoples to enter Connecticut with first acquisition

07/18/18

PeoplesBancorp in Holyoke, Mass., has agreed to buy First Suffield Financial in Connecticut for $60 million.

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This black-owned bank treats activism as a business line

07/18/18

OneUnited in Boston recently issued a debit card supporting immigrants, taking a public stand on a divisive national issue.

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Anchor in Wash. finds new buyer after reg issue snagged prior deal

07/18/18

Anchor will sell itself to FS Bancorp after agreeing to terminate a deal with Washington Federal. The original deal had been delayed as Washington Federal dealt with BSA issues.

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Second group aims to form de novo bank in Arizona

07/17/18

Organizers of Gainey Business Bank, a bank planned in Scottsdale, received approval from the state's banking regulator to raise capital while completing a charter application.

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Banking veteran joins industry consulting firm

07/17/18

Matthew Prosseda, former president and CEO of First Keystone Community Bank, was hired by Kafafian Group to advise banks on strategic planning.

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Behind the rebirth of Charlotte's banking market

07/17/18

The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence.

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Bank Leumi hires outsider to launch asset-based lending group

07/16/18

The New York bank, which is part of Leumi Group in Israel, is entering a new business line after spending years improving its infrastructure.

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It's getting more expensive to buy a California bank

07/16/18

Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.

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