News Topic: Community banking

A group has filed paperwork with the FDIC to form Legacy Bank in Temecula. ... Read full article

The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices. ... Read full article

The Pennsylvania company gained $67 million in assets under management as part of the acquisition. ... Read full article

The company, which plans to become Altabancorp, said the initiative removes brand confusion and puts its size and scale on display. ... Read full article

Dealmaking through early November is slightly ahead of last year's clip thanks to a recent flurry of merger announcements. However, excluding BB&T-SunTrust, values and multiples are shrinking. ... Read full article

Many in the industry have cheered regulators’ interest in improving the supervisory rating system, but they may shy from commenting publicly about their experiences in a confidential process. ... Read full article

Community bank leaders at an ABA-hosted meeting questioned the timing for a new accounting standard for loan losses and discussed their struggles to keep pace with new technology. ... Read full article

Most consumers, even those in rural communities, have become accustomed to digital services. That's something certain community banks better face up to, panelists at the ABA conference said. ... Read full article

Scottsdale Community Bank's organizers took advantage of a state law letting them raise capital months before seeking deposit insurance. ... Read full article

The veteran banker succeeded Randy Sims, who recently retired. Sims had been the Arkansas company's CEO since replacing Allison in 2009. ... Read full article

A new partnership will let some community banks and credit unions roll out robo-advice platforms without a significant investment of their own. ... Read full article

Clear communication is critical when banks undergo a leadership or operational change. ... Read full article

More details have surfaced about Interactive Brokers' planned bank. It would accept deposits and originate loans through an online channel only, its application says. ... Read full article

While layoffs at big banks get the headlines, small and midsize lenders are also trimming payrolls in response to lower rates and fears that a recession is getting closer. ... Read full article

The FDIC ordered the Seattle bank to pay a nearly $1.4 million fine tied to improper agreements with real estate brokers and homebuilders. ... Read full article

The Maryland company agreed to acquire Rembert Pendleton Jackson, which has $1.3 billion in assets under management. ... Read full article

Recent closings could portend a stiffer regulatory stance on capital adequacy and risk. ... Read full article

A group affiliated with Interactive Brokerage Group has filed an application with the FDIC to form Interactive Bank. ... Read full article