News Topic: Community banking

Lenders can offer deferred payments and capitalize on digital banking to help small businesses and consumers get back on their feet. ... Read full article

The pandemic may force the Small Business Administration to rely more on fintechs and digital channels to hasten loan approvals, a shift that could stick. ... Read full article

While some big banks have pledged to avoid layoffs this year, hiring freezes and delayed projects are becoming the norm during the pandemic. ... Read full article

The Treasury Department and Small Business Administration are responsible for distributing $350 billion in coming months. ... Read full article

The newly minted Transact Bank will provide payment processing and card issuing services to a wide range of clients. ... Read full article

The acquirer had pursued a de novo strategy in its home state but was unable to raise enough capital. ... Read full article

Lawmakers and regulators opted to delay compliance for banks that have implemented the credit loss standard, sparing them near-term capital hits. ... Read full article

Citigroup CEO says it’s a “fine line” between supporting customers and burdening them with debt; Goldman gives away 600,000 N95 masks it had from prior scares. ... Read full article

Tom Meyer, CEO of 1st Capital since 2015, decided to step down because shelter-in-place orders are keeping him from family hundreds of miles from the bank. ... Read full article

Drawdowns on C&I credit more than quadrupled in a seven-day period ended March 25. Lenders may try to rein them in if the crisis drags out, but legal precedent isn’t on their side. ... Read full article

A former market president for State Bank Financial would serve as CEO of the proposed Classic City Bank. ... Read full article

The regulator's extension for first-quarter documents applies to BHCs with less than $5 billion in assets. ... Read full article

The company is one of the first to share information on impacted clients, forbearance requests and emergency loan applications. ... Read full article

Many banks are offering low-interest loans to help consumers and small businesses withstand the economic shocks of the pandemic. Some are also doing away with ATM, overdraft and late fees because, as one CEO put it, that revenue “is not the most important ... Read full article

Banks and credit unions should make it their top priority to pair with the central bank in distributing financial relief to small businesses, even if that means putting everything else on hold. ... Read full article

As companies move work off-site because of the pandemic, a host of issues have arisen around remote access, network monitoring and cybersecurity. ... Read full article

The central bank will prioritize monitoring and outreach while reducing examination activity due to the coronavirus pandemic until at least the end of April. ... Read full article

Flushing Financial, which had planned to complete its purchase of Empire Bancorp in early April, has moved its target date back by about two months. ... Read full article