To date, the Small Business Administration hasn’t acted on tens of thousands of applications that lenders have submitted since early August. However, it will begin doing so by early next week, an official says. ... Read full article
Atlantic Community Bankers Bank must improve its anti-money- laundering and Bank Secrecy Act policies and procedures. ... Read full article
The company joins a growing list of community banks paring back their networks. ... Read full article
Virginia National and Fauquier Bankshares are planning to create a $1.6 billion-asset company focused on the middle part of the state. ... Read full article
Whether it was their nimble shift to digital, or willingness to interact in new ways with customers in branches, bank employees have met head-on the business challenges posed by the outbreak. ... Read full article
Origin Bank is rolling out software to let customers curb or shut down account-data sharing with third-party apps. In the process, it hopes to learn a lot about client behavior and preferences that it could use in its own products. ... Read full article
The company would also gain a branch near Dallas with the proposed acquisition. ... Read full article
The mutual bank has agreed to pay $158 million for Standard AVB Financial, which has 17 branches in Pennsylvania. ... Read full article
The moves are intended to offset a protracted period of historically low interest rates and expectations of higher credit costs in 2021. ... Read full article
A deal between Dime Community and Bridge Bancorp was delayed, and nearly derailed, by the coronavirus outbreak. Here’s how the two sides kept it on track. ... Read full article
New Enterprise Bank, which would focus on serving "innovative firms," plans to open next year. ... Read full article
Partnering with the account-opening software firm Mantl, the New Jersey bank created a CD campaign that helped fund its Paycheck Protection Program lending. ... Read full article
The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs. ... Read full article
Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended. ... Read full article
The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform. ... Read full article
Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue. ... Read full article
The company joins a growing list of banks shuttering locations as customers flock to digital channels. ... Read full article
Justice Department officials have embarked on a rewrite of antitrust policy that could waive certain requirements for community bank mergers and provide fewer advantages to large, out-of-town buyers and banks in urban areas. ... Read full article
First Mutual Holding has agreed to buy Martinsville First Savings Bank, which will retain its charter, brand and management team. ... Read full article
The bank said the move will provide more flexibility raising capital and more options when it comes to pursuing bank acquisitions. ... Read full article
