News Topic: Community banking

ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit. ... Read full article

The proposed combination would create a bank with $3 billion in assets in central Virginia. ... Read full article

The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target. ... Read full article

MatlinPatterson, which once owned more than 60% of the Michigan company, has been paring back its stake in recent years. ... Read full article

Richard Marotta left the Boston company less than two weeks after a goodwill impairment charge contributed to a large quarterly loss. ... Read full article

Somerset Trust in rural Pennsylvania has partnered with RoamHR, a financial platform that assists the self-employed, to add tax-withholding help for contract and temporary workers to the bank's services. ... Read full article

Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions. ... Read full article

The digital bank would merge with Megalith Financial to create a new publicly traded company that would offer licensed products and services. ... Read full article

The coronavirus pandemic has forced some branches to close, but demand for in-person advice remains strong. ... Read full article

The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank. ... Read full article

Delmar Bancorp will lose its regionally associated brand when it becomes Partners Bank. ... Read full article

The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic. ... Read full article

The Treasury Department has held shares in the Black-run banking company for more than a decade. ... Read full article

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado. ... Read full article

Lexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings. ... Read full article

The Pennsylvania company said the move is in response to margin pressure and customers' increased adoption of digital channels. ... Read full article

The Nashville bank had sued Gaylon Lawrence in 2017 over allegations that he was pursuing an illegal takeover, but the two sides announced terms of a settlement. ... Read full article

The Federal Reserve, U.S. Mint and financial industry representatives are strongly considering a public call for Americans to deposit their spare change, among other fixes, to get coins circulating again. Meanwhile, banks of all sizes are getting creative ... Read full article