Community banking

Small banks welcome PPP relief but fear it may not be enough

11/25/20

Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid.

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This de novo wants to be the go-to bank for fintechs

11/24/20

CEO Wendy Cai-Lee says Piermont Bank can do it all for financial technology firms: be their commercial banker, be their banking-as-a-service provider and develop APIs and other cutting-edge products for them.

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More banks keeping branches open during latest coronavirus surge

11/23/20

As COVID-19 infections break records nationwide, some banks are once again closing lobbies. But many others are maintaining the status quo after instituting a host of safety protocols that didn’t exist in the spring.

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Florida bank that went global to survive eyes growth at home

11/09/20

Anchor Bank in Palm Beach Gardens was rescued by Bolivian investors after the financial crisis and began catering to South American clientele. Now it has agreed to buy a Broward County bank, setting the stage for its long-awaited, in-market expansion.

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First Merchants to buy Indianapolis trust company

11/09/20

The Indiana company agreed to acquire Hoosier Trust, which manages about $300 million in assets.

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Organizers apply to form bank in eastern Virginia

11/06/20

Integrity Bank for Business is being pursued by a group with ties to Heritage Bankshares, which was sold in 2016.

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Florida bank aims for first-mover edge in financing search funds

11/01/20

Professional Holding has opened an office close to Boston to make loans to aspiring CEOs — often recent business school graduates — who are looking to buy their first businesses.

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OceanFirst takes aggressive stance by selling problematic loans

10/30/20

The New Jersey company reported a quarterly loss after becoming one of the first lenders to liquidate loans harmed by the coronavirus pandemic.

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Proposed Tennessee de novo's organizers hit capital-raising goal

10/30/20

RockPoint Bank is on pace to open early next year. The announcement comes two weeks after Craft Bank became Atlanta's first new bank since 2010.

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Fed’s CRA plan does too much, and too little

10/28/20

The agency overreached in its proposal to revamp the Community Reinvestment Act when it should have simply required branchless banks to invest more in areas where deposits are taken.

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