News Topic: Community banking

The Financial Crimes Enforcement Network and other regulatory agencies confirmed that the recent legalization of the substance eases banks' anti-money-laundering requirements. ... Read full article

The company will enter three counties in its home state after it buys Roselle. ... Read full article

Mullis has thrived as a traditional community banker, leading the redevelopment of historic buildings in a small, struggling Georgia town and successfully growing Morris Bank in a mostly rural market. ... Read full article

Year to date through Sep. 30, 2019. Dollars in thousands. ... Read full article

PiNG Bank, which would be based in Jersey City, is being proposed by former bankers at Cross River Bank, Citigroup and GSL Savings Bank. ... Read full article

The company agreed to pay $41 million for Victory Community Bank. ... Read full article

The Small Business Administration has told lawmakers it can reinvigorate its streamlined guarantee program by nearly tripling the maximum loan size. So far, Congress has been mum on the idea. ... Read full article

Many lenders are establishing a firm bottom on variable interest rates amid intense competition for commercial credits, rising deposit costs and the possibility that the Fed could take rates to unprecedented lows. ... Read full article

David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream. ... Read full article

More than half of U.S. counties lost access to bank branches between 2012 and 2017, with rural counties that have less educated and minority residents especially hurt, the central bank said. ... Read full article

Several banks have reported spikes in substandard loans, special mention credits and watch-list relationships. What does it all mean? ... Read full article

The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer. ... Read full article

Collins Community Credit Union has agreed to buy First Savanna Savings Bank. ... Read full article

The company hired two bankers from CIBC to lead the newly formed group. ... Read full article

The company also disposed of a large agricultural loan that was nonperforming. ... Read full article

The company will pay nearly $33 million for Tomah Bancshares to boost its operations in Wisconsin's Monroe County. ... Read full article

The move will allow MVB to devote more resources to Northern Virginia and its fintech business. ... Read full article

Hamp Johnston, a former market executive at JPMorgan Chase, would serve as RockPoint Bank's president and CEO. The bank would be based in Chattanooga. ... Read full article