Loan payoffs likely to accelerate in 2020
Lower rates and more nonbank competition will make it harder for banks to keep loans on their books as business borrowers have plenty of opportunities to refinance elsewhere. ... Read full article
Lower rates and more nonbank competition will make it harder for banks to keep loans on their books as business borrowers have plenty of opportunities to refinance elsewhere. ... Read full article
Stephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move. ... Read full article
The bank will top $500 million in assets after it acquires F&M Bancshares. ... Read full article
A North Carolina group is trying to take regulators' cue to work together. A successful effort could encourage others to follow its lead. ... Read full article
Organizers of Founders Bank in Washington are still need to raise at least $25 million before opening. ... Read full article
Even in the face of soft loan demand, banks in the region have held firm on terms. That should position them well for the next economic downturn. ... Read full article
Alaska USA Federal Credit Union will nearly double its operations in Phoenix after it buys the locations. ... Read full article
The Pennsylvania company will pay $80 million for the parent of USNY Bank. ... Read full article
Patrick O'Brien had been CF Financial's president and CEO for about two years. ... Read full article
In trying to adapt and survive in an increasingly tech-dominated world, banks may unintentionally give up their most valuable commodity — their relationship with the consumer, and the data that comes with it. ... Read full article
With loan demand weak due to factors beyond their control, small-bank execs can expect to field lots of questions about capital and expense management. ... Read full article
Research shows most consumers would prefer more options to pay down their debt early. Here’s why it would also help banks. ... Read full article
Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans made on reservations, even if the lands sit far outside their assessment areas. ... Read full article
The company, which has agreed to buy Marquis Bancorp, could use some of the proceeds to fund growth and pay off a line of credit. ... Read full article
Sidhu, who co-founded the digital-only unit of Customers Bancorp, replaces her father, Jay, who will remain executive chairman. The bank is also rolling out a new service that allows direct-deposit to customers to access their paychecks two days before ... Read full article
Some banks and fintechs have already introduced pet-friendly policies in the office. Here are five reasons why it works. ... Read full article
Quontic Bank is offering high-interest, digital-only savings like others, but it says its secret sauce is homegrown technology that optimizes deposit prices. Financial bloggers have taken notice. ... Read full article
The company will pay $29 million for a bank located northwest of Grand Rapids. ... Read full article
Though there were several high-profile mergers of equals among bigger banks, deal activity rose only slightly, and the vast majority of transactions involved the smallest of institutions. Here's an overview of those trends and others that stood out in ... Read full article
Banks had the highest turnover of chief compliance officers among the 100 largest financial services firms in the world, according to a recent study. Recruiters say that’s a function of changing job demands, high pressure and poaching by fintechs — plus ... Read full article