Community banking

Hanmi looking for new CEO after leader sets retirement date

06/15/18

C.G. Kum, who has been the Los Angeles company's CEO the past five years, plans to retire in May.

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Activist investor ratchets up rhetoric by pressing HomeStreet to sell

06/15/18

Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.

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A bro-think remedy, a new crypto czar and a Facebook facepalm

06/15/18

Starling's Anne Boden and Mastercard's Ann Cairns have a similar warning for the banking and tech sectors. Facebook scolds activist investor Natasha Lamb for being "not nice." And some big Most Powerful Women moves, as Catherine Keating takes a new CEO job, and Kathie Andrade exits TIAA.

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From slow courtship to full-court press: How Cadence landed State Bank

06/15/18

Cadence first discussed a deal with the Atlanta target four years ago. But negotiations picked up steam once it was clear State Bank had other suitors.

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Small-business loan approvals rise as unemployment falls

06/15/18

Approval rates for small-business loan applications were up at small and larger financial institutions as the labor market continued to improve.

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Ransomware is taking a toll on banks. Here’s how they’re fighting back

06/15/18

Of all the types of malicious software targeting businesses, ransomware continues to be one of the most pervasive, according to recent studies. Here's an overview of the things banks, especially small ones, are doing to stop it.

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Community Trust creates $5M reserve to reimburse clients for deposit add-ons

06/15/18

The company, which was flagged for two products, has been working with its regulators to determine the right amount to set aside.

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Carolina Trust continues N.C. consolidation wave with Clover deal

06/15/18

The acquisition will help Carolina Trust expand its operations around Charlotte.

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Jail time for two former bankers in fraud case

06/14/18

Dan Heine and Diana Yates were accused of hiding Bank of Oswego's condition by inaccurately reporting bad loans.

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How lattes and AI fit together at Capital One

06/14/18

Opening internet cafes and investing in new technology are part of an effort to provide nimble, efficient services, the bank's CFO said in a strategy talk.

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