FDIC aims to smooth de novo process for nontraditional firms
The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures. ... Read full article
The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures. ... Read full article
David Hanrahan had been CEO of Capital Bank of New Jersey, which was sold last year to OceanFirst Financial. ... Read full article
Wings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter. ... Read full article
M&T hires Aarthi Murali away from JPMorgan Chase as its customer experience chief; when a small town loses its only bank; why more banks are ditching their legacy core vendors; and more from this week’s most-read stories. ... Read full article
The company will pay $15.5 million in cash for a bank with one branch and a large amount of low-cost deposits. ... Read full article
The Connecticut company will appoint Lawrence Seidman to become a director at its next annual meeting. ... Read full article
The company's new platform targets a narrow customer segment — frequent fliers. ... Read full article
Want a winning team at your bank? Take some tips from LSU’s head coach Ed Orgeron on empowering leaders. ... Read full article
The Mississippi company will pay $49 million for Traders & Farmers Bancshares. ... Read full article
Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC. ... Read full article
Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year. ... Read full article
The Michigan company will pay $101 million for the parent of First National Bank in Howell, Mich. ... Read full article
The company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants. ... Read full article
Certain loan segments are showing signs of deterioration, but consumer lending and digital banking are bright spots. Meanwhile, bankers are eyeing opportunities to improve efficiency, add scale and take advantage of M&A disruption. Here's what to ... Read full article
Unlike other regions of the country, the western U.S. has seen very few large bank mergers in recent years. Here's why Pacific Premier's acquisition of Opus Bank could change that. ... Read full article
Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices. ... Read full article
The California company will pay $1 billion for Opus, a once highflying bank that struggled with credit issues in recent years. ... Read full article
The people of tiny Duncan, Ariz., have found creative ways to adapt to life in a banking desert, but their experience augurs a worrisome future for many other rural communities. ... Read full article
National Lloyds, which provides insurance for mobile homes, has a distribution network that operates in 40 states. ... Read full article
Mortgages, auto loans and credit cards should perform well for the next two quarters. Beyond that, all bets are off. ... Read full article