Community banking

Banks put job cuts — and more — on hold during coronavirus outbreak

03/31/20

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

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Colorado bank rebrands to highlight bigger role in payments

03/31/20

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

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North Carolina investment group buying Tennessee bank

03/30/20

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

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CECL down, but not out

03/27/20

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

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Corbat urges caution; Goldman donates masks

03/27/20

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.

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Coronavirus hardships behind California bank chief's decision to retire

03/26/20

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.

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Banks tolerate credit-line draws in coronavirus crisis — for now

03/26/20

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.

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Fed gives small banks 30-day reprieve to file holding company reports

03/26/20

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

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Organizers plan new bank in Georgia

03/26/20

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

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OceanFirst in N.J. gives early glimpse into coronavirus exposure

03/25/20

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

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