The advisory vote came two weeks after Preferred Bank in Los Angeles disclosed a major loan default.
The Michigan company will buy 52 branches and $2.3 billion in deposits from the San Francisco banking giant.
The legislation allows banks to hold a certain amount of reciprocal deposits without having to classify them as brokered deposits.
On Mar. 31, 2018. Dollars in thousands.
The company will gain $305 million in assets after completing the $51 million acquisition.
Here's a look at eight deals, why they were significant and why many more are expected
Add S&T Bancorp to the list of lenders that appear to have exposure to a Pennsylvania fuel supplier dealing with alleged employee fraud.
With a lighter compliance burden, small banks could shift tech spending to customer-facing innovation.
A lack of talent, capital and good business planning proved fatal for bank organizers in California and Georgia.
