News Topic: Community banking

Franklin Financial agreed to be sold less than a year after issues surfaced in its portfolio of shared national credits. ... Read full article

Ludwig, a former regulator and CEO of Promontory Financial, and Mahan, the head of Live Oak Bancshares, say they want to back tech startups that support community banks. The ABA and ICBA are among the fund's investors. ... Read full article

The proposed merger will create a $10 billion-asset bank based in Nashville, Tenn. ... Read full article

The company will pay $29 million for Virginia Bank Bankshares. ... Read full article

Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year. ... Read full article

While the Maryland company claimed it has margins and credit issues under control, it couldn't provide any clarity on rising legal expenses. ... Read full article

The company will pay $24 million in cash for Central Federal Bancshares. ... Read full article

Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds ... Read full article

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans. ... Read full article

The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger. ... Read full article

Alan Kline, a 22-year veteran of American Banker, has previously served as editor-in-chief of US Banker. ... Read full article

Executives at Beach Community want to pursue more acquisitions in central Florida. ... Read full article

The Massachusetts savings bank will gain branches in two communities as part of the acquisition. ... Read full article

The Atlanta Fed offers ways rural institutions can keep and nurture talent while pooling resources with their peers to excel in a challenging environment. ... Read full article

Organizers of First Women's Bank have also filled two key executive posts. ... Read full article

Blue Federal Credit Union in Wyoming will also gain about $100 million in deposits. ... Read full article

The Colorado Bankers Association claims that state law bars Elevations Credit Union from buying Cache Bank & Trust. ... Read full article

As the regulatory agencies have struggled to reach a consensus, a proposal championed by Office of the Comptroller of the Currency has divided lawmakers and been assailed by community groups. ... Read full article