News Topic: Community banking

The deal is Seacoast's third acquisition of a bank with operations in Palm Beach County. ... Read full article

The once-acquisitive company appears ready to come off the sidelines, but will it be as a buyer or seller? ... Read full article

An Indiana bank is looking to complete the first outright purchase of a credit union since the financial crisis. Though hurdles exist, some industry observers say more such deals are doable. ... Read full article

United Bankshares in West Virginia was willing to pay a healthy premium for Carolina Financial, one of a dwindling number of available banks with more than $4 billion in assets. ... Read full article

The company will pay $1.1 billion for Carolina Financial in Charleston, S.C., in a deal that will add nearly $5 billion in assets. ... Read full article

It’s only a matter of time before Silicon Valley “overturns more complex banking functions”; banks would have to help FinCEN identify suspicious firearms sales. ... Read full article

More banks in the state are considering acquisitions to cut costs and combat margin pressure. ... Read full article

The Soboba Band of Luiseño Indians plans to form a holding company and raise $25 million for Legacy Bank. ... Read full article

If regional banks really want to compete against behemoths and nonbank entrants they need to emphasize products over M&A. ... Read full article

Readers react to the FDIC's fine against a bank over a 5-year-old consent order, Regions Financial's about-face on acquisitions, HUD's promotion of a controversial CFPB official and more. ... Read full article

The central bank originally predicted FedNow's launch within five years, but the Fed chairman told House lawmakers that he expects it will happen sooner. ... Read full article

First Bank of Berne has agreed to acquire Adams County Credit Union, flipping the script in a year in which 14 credit unions have announced deals to buy banks. ... Read full article

Consumer demand for digital financial services will inspire a wave of new partnerships. ... Read full article

The State Bank Group and The Provident Bank are backing Neocova, which focuses on community banks. ... Read full article

Banks are putting more effort in deposit gathering and fee-based products to offset thinning margins and increased payoffs by small-business clients. ... Read full article

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance. ... Read full article

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter. ... Read full article

Gov. Phil Murphy signed an executive order Wednesday establishing a board that would come up with a plan to create a public bank in New Jersey. ... Read full article