News Topic: Community banking

Organizers of TYME Bank aim to take advantage of consolidation taking place around Texas. ... Read full article

Steuben Trust received two bites from potential MOE partners, but the New York bank’s lightly traded stock and many other challenges forced a sale to a much larger rival instead. ... Read full article

Franklin Financial CEO J. Myers Jones is trying to reduce his company's exposure to shared national credits and health care loans, which have enjoyed solid yields but come with a downside. ... Read full article

The three federal agencies announced slight adjustments in the cutoffs for "small" and "intermediate small" institutions for the purposes of Community Reinvestment Act exams. ... Read full article

Political uncertainty, sector-specific concerns as well as interest rate and labor trends may continue to depress commercial and industrial lending in the coming months. ... Read full article

Organizers of Bank of St. George still need to raise $18 million before opening. ... Read full article

Wells Fargo's continued leadership shake-up led to more executive shuffling in the final two montsh of 2019. ... Read full article

Tom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year. An ongoing audit of the program and pressure to diversify beyond mortgages are reasons to watch Lopp and Sterling in 2020. ... Read full article

Spirit of Texas Bancshares is acquiring four branches and a loan production office from Simmons First National Corp. as part of an aggressive expansion in its home state. ... Read full article

Low rates and spotty loan demand mean banks are having to “dig deeper” to improve efficiency and maintain profit margins. ... Read full article

Incoming CEO Clint Stein said the Tacoma, Wash., company is ready to revisit deals after spending three years updating its digital platforms. ... Read full article

Paul Murphy took full responsibility for a recent spike in charge-offs at the Houston company. His challenge in 2020 is keeping credit issues in check. ... Read full article

One found a buyer, another announced plans to retire, and others took steps to reinvent their banks. ... Read full article

The New Jersey company will pay $63 million for the parent of Victory State Bank. ... Read full article

PE firms have made investments in only seven banks in 2019, compared to 21 last year. Here's what's driving the slowdown. ... Read full article

The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice. ... Read full article

The Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group. ... Read full article

Industrial Bank CEO Doyle Mitchell has spent countless hours in New York since his bank bought the failed City National in November, meeting with existing customers and plotting his growth plans. ... Read full article