Community banking

Banks drag feet on CECL as critical phase nears

10/27/17

Many institutions have delayed planning for a big change to reserve accounting despite a belief that they should start testing systems and methodologies next year.

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Glacier announces another deal to offset crossing $10B asset threshold

10/27/17

The Montana company agreed to buy Inter-Mountain Bancorp in an all-stock deal valued at $173 million. The company has lined up nine bank acquisitions in the last five years.

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Here's how big buyers could get back in the M&A game

10/26/17

If Congress changes the $50 billion-asset threshold for systemically important financial institutions, big banks could take it as a signal that regulators would be amenable to larger deals.

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Near-term pain as efficiency effort weighs down Valley's 3Q results

10/25/17

The New Jersey company reported lower third-quarter profit that included severance costs from a two-year program to boost its bottom line.

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BankMobile's long road to profitability

10/25/17

A planned spinoff, combined with several new ventures, should help BankMobile turn the corner, says Luvleen Sidhu, the digital-only bank's president.

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No, there aren’t too many banks in the U.S.

10/25/17

Consolidation has led to too few community banks, which is amplified in areas where capital is needed most.

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To stay competitive, community banks need a niche

10/25/17

The traditional community bank model of "being local and providing good service" no longer provides an competitive edge in a world dominated by online banking, according to Douglas Kennedy, CEO of Peapack-Gladstone.

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First Bancshares in Miss. makes bigger push into southern Ala.

10/24/17

The company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal.

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A new CEO for Johnson Financial in Wis.

10/24/17

Jim Popp, formerly of JPMorgan Chase, will become CEO of Johnson Financial Group in Racine at yearend. He will succeed the retiring Jim Bolger.

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Bangor Bancorp in Maine to expand in N.H. with $45M acquisition

10/24/17

The mutual, which agreed to buy First Colebrook Bancorp, had recently opened a limited-service branch in Portsmouth, N.H.

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