Evans Bancorp turns to acquisition to enter a new market
The New York company will enter Rochester as part of its $35 million purchase of FSB Bancorp. ... Read full article
News Topic: Community banking
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Cambridge Financial in Mass. to buy neighboring cooperative bank
The company will pay about $58 million in cash for Melrose Bancorp. ... Read full article
Small banks turn to subordinated debt to fund growth
Lower interest rates are allowing banks to use the cheaper capital to repay higher-cost debt and prepare for future expansion. ... Read full article
California merger terminated over delayed regulatory approval
The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses. ... Read full article
Kearny expanding in northern New Jersey with MSB purchase
The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties. ... Read full article
Pinnacle hires Synovus exec to open first office in Atlanta
The Tennessee company said that Rob Garcia will be in charge of building a commercial banking team in the city. ... Read full article
Citizens & Northern in Pennsylvania lines up another acquisition
The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial. ... Read full article
CNB expanding western New York operations with Bank of Akron deal
The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division. ... Read full article
First Bancshares to enter southern Georgia with acquisition
The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial. ... Read full article
Smaller buyers expected to drive bank M&A in 2020
A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets to seek out their own deals. ... Read full article
Investors Bancorp buys out activist shareholder
The New Jersey company paid $336 million for all stock owned by Blue Harbour Group. ... Read full article
Texas community bank lines up first acquisition
Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp. ... Read full article
Bangor Bancorp to buy Damariscotta Bankshares in merger of Maine mutuals
Bangor will pay $35 million in cash to gain branches in five communities. ... Read full article
Former MidSouth chief named CFO of Oconee in Georgia
Jim McLemore has a new job just three months after orchestrating MidSouth's sale to Hancock Whitney. ... Read full article
What will bank jobs look like in the future? OceanFirst has an idea
Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI. ... Read full article
Branch cutbacks pay off for thrifts
Savings institutions are aggressively cutting staff and shortening hours to be more competitive. As a result they have become more efficient than commercial banks. ... Read full article
Community Banks with the Largest Farm Loan Portfolios
On Sep. 30, 2019. Dollars in thousands. ... Read full article
Community Banks with the Largest Portfolios of Home Equity Loans
On Sep. 30, 2019. Dollars in thousands. ... Read full article
Trade deal could unlock billions in lending opportunities
Though details of a potential pact with China aren't clear, bankers are hoping it could convince leery customers to finally go through with delayed investments. ... Read full article
Another new bank proposed for Atlanta
Organizers have applied to form Craft Bank. If successful, the bank would become the third to open in the Atlanta area in recent years. ... Read full article