Community banking

How to rebuff an activist investor's challenge

02/26/18

Judges recently ordered two banks to pay the legal fees for activist investors after certain roadblocks backfired. Their missteps can serve as a lesson for other skittish institutions.

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Hovde veteran named president of Sunwest Bank in Calif.

02/23/18

Carson Lappetito has a long history of working with firms tied to Eric Hovde, chairman and CEO of Sunwest's holding company.

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The community banker who got tangled up in the Russia probe

02/23/18

Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager and a key figure in the investigation into Russian meddling in the 2016 election. Here’s a look at his career and how he ended up in this spot.

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Eastern Bank readies reboot of successful tech lab

02/23/18

The Boston mutual, which lost its innovation team when it spun off Numerated last year, has hired a State Street executive to oversee a plan to encourage all employees to be more creative.

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Hancock in Miss. to sell its consumer finance business

02/22/18

Harrison Finance has 35 offices, nearly 140 employees and about $95 million of outstanding loans.

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First National of Omaha to drop NRA card partnership

02/22/18

Facing pressure to act on gun control laws, the Omaha bank said it would not "renew its contract with the National Rifle Association to issue the NRA Visa card."

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Is there suddenly room for a new bank in N.C.?

02/22/18

Organizers aiming to open a de novo just outside Charlotte say there's a need for a new community bank after several years of consolidation in the market.

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MB Bancorp in Md. expands board after reaching truce with two big investors

02/22/18

Stilwell Group and Jeffrey Thorp will gain board seats in exchange for a vow to refrain from waging proxy battles against MB Bancorp.

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Carver in N.Y. to sell corporate office in Harlem for $20M

02/22/18

The company will still use the building for its main office, but it will move its administrative staff to another building.

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Federal Savings denies quid pro quo with Manafort

02/21/18

The Chicago bank is denying a report that its CEO, Steve Calk, made $16 million in mortgage loans to former Trump campaign chairman Paul Manafort in exchange for a job in the White House.

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