News Topic: Community banking

The coronavirus outbreak has led many banks to close branches, but for those that remain open, it's a new normal. ... Read full article

Banks are avoiding the once booming hospitality business, or charging a premium for additional credit, as new data shows how big a hit hoteliers have taken from the pandemic. ... Read full article

On the same day the Federal Deposit Insurance Corp. said it will soon rule on two applications, the agency also proposed benchmarks for all firms that want to own industrial loan companies. ... Read full article

First Horizon and Pacific Premier are warning in regulatory filings that the pandemic could complicate deals that have not been completed. ... Read full article

Many institutions said they would close branches, operate drive-throughs only, limit lobby visits to appointments or take other protective steps. Yet others want to stay open to promote public confidence in the banking system. ... Read full article

Coronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals. ... Read full article

Triad Business Bank, which will immediately have offices in three cities, will debut next week. ... Read full article

Organizers of Riverside Bank of Dublin will need to raise $18 million before opening. ... Read full article

Jonathan Dowst will become president in July and CEO a year later. ... Read full article

No-interest loans and overdraft forgiveness are among the lifelines banks are offering to consumers and small businesses whose livelihoods are being upended by the economic fallout. ... Read full article

William Isaac and Howard Milstein plan to provide advice to U.S. and foreign banks of all sizes. ... Read full article

The agency will be tasked with providing $50 billion in loans to small businesses harmed by the pandemic. It is unclear whether the SBA will need bankers' help. ... Read full article

The OCC and FDIC’s proposal for modernizing the community reinvestment law would give banks below $500 million of assets the option to keep the current regime. But bankers and industry representatives say that threshold should be higher. ... Read full article

The company will enter an affluent New Jersey county and a key New York market with the $209 million deal. ... Read full article

The North Carolina company will hold onto the loans following the Fed's decision to slash interest rates. ... Read full article

Noah Wilcox, a third-generation banker, says community banks are best-positioned to provide stability and capital in underserved markets during uncertain times. ... Read full article

First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals. ... Read full article

The company disclosed that an internal review of a now-discontinued loan program found that employees engaged in misconduct tied to income verification and requirements, among other things. ... Read full article