News Topic: Community banking

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Sam Sidhu, whose father is CEO Jay Sidhu, will become president and chief executive of Customers Bank in July. ]] ... Read full article

Peoples Bancorp will pay $292 million for the West Virginia company. It also announced it's buying a leasing company in Vermont. ]] ... Read full article

A federal watchdog agency determined that Almena State Bank's push into government-backed loans, supported with high-cost wholesale funding, set it up for collapse when significant credit issues arose. ]] ... Read full article

Four months into the job, Charles Shaffer has struck a deal for Legacy Bank of Florida and is eyeing more acquisitions. His predecessor, Dennis Hudson III, built Seacoast with more than a dozen buyouts across the Sunshine State. ]] ... Read full article

The $235 million acquisition will bring CEO Jared Wolff's company a trove of cheap deposits and the chance to slash costs without having to significantly change its business model. ]] ... Read full article

The company agreed to buy Legacy Bank of Florida for $102 million. ]] ... Read full article

Banc of California, which last bought a bank in 2013, has agreed to pay $235 million in stock in this in-state deal. ]] ... Read full article

The depositor-owned banks are discouraged from participating in the Emergency Capital Investment Program because they can't issue preferred stock to back loans for underserved communities. It's another reason to overhaul their capital rules, ... Read full article

The Florida bank will expand to the east with its pending purchase of Hillsboro Bank. ]] ... Read full article

Like the fintechs SoFi and LendingClub, DLP Real Estate Capital is acquiring a community bank largely to lower the cost of funding loans. ]] ... Read full article

By an overwhelming majority, the House approved a two-month extension of the Paycheck Protection Program, which still has almost $93 billion left to distribute. ]] ... Read full article

DLP Bancshares, an affiliate of DLP Real Estate Capital, plans to use the acquisition to create a national platform for commercial real estate and warehouse loans. ]] ... Read full article

The company will pay $29 million for Town-Country National Bank in Camden, Ala., which will operate as its own subsidiary after the deal closes. ]] ... Read full article

M&F Bancorp in North Carolina plans to use some of the $18 million it received from big banks to make overdue improvements to its commercial lending platform. ]] ... Read full article