Community banking

United Federal Credit Union in Michigan to buy Edgewater Bank

10/27/20

The acquisition will consolidate United's position in the St. Joseph market, where both institutions are based.

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Agenda is full for ABA’s new chairman, but it all starts with COVID

10/26/20

The Paycheck Protection Program and encouraging digital innovation are top priorities for James Edwards, CEO of United Bank in Georgia. He also expects the American Bankers Association to promote diversity and regulatory reform in the next year.

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Bank of America invests in three more minority-focused lenders

10/26/20

Bank of America made three more investments in minority-focused lenders, bringing its total to 10 in the past two months.

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Customers have turned cautious and banks are getting pinched

10/25/20

Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money — or start cutting to the bone.

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Regulators close Kansas bank in fourth failure of 2020

10/23/20

Equity Bank agreed to buy most of the assets, and assume all the deposits, of Almena State Bank.

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Wall Street’s Cohn is wrong about community banks

10/23/20

The assertion by former Goldman Sachs executive Gary Cohn that smaller banks won't be viable in a high-tech world overlooks their success in partnering with fintechs, according to the Independent Community Bankers of America.

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Heritage in Washington joins list of banks closing branches

10/23/20

The company will close nine branches over the next three months.

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Univest in Pennsylvania to shutter a fifth of its branches

10/19/20

The company will close eight locations, noting that customers have been quick to adopt digital channels during the coronavirus pandemic.

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Can CDFIs help their communities while keeping investors satisfied?

10/19/20

Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.

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Ex-Trump adviser Cohn predicts bleak future for community banks

10/19/20

Gary Cohn, former head of the Trump administration’s National Economic Council and onetime top executive at Goldman Sachs, says technological changes will continue to make it harder for smaller financial institutions to compete and force many to be sold.

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