News Topic: Community banking

The New York company will enter Suffolk County after it buys Empire Bancorp. ... Read full article

The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings. ... Read full article

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas. ... Read full article

Rakefet Russak-Aminoach, who will leave the company at the end of the month, has raised net profit and lowered costs by revamping its technology and culture. ... Read full article

Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth. ... Read full article

Executives say they are passing on more loans as bank and nonbank competitors cut rates and forgo traditional safeguards. ... Read full article

The Tennessee company has agreed to buy First Advantage, which specializes in financing manufactured housing purchases. ... Read full article

Centreville Bank will pay $116 million in cash for PB Bancorp. ... Read full article

The $32 million merger will create a bank with nearly $1 billion in assets. ... Read full article

The company agreed to buy Steuben Trust for $107 million. ... Read full article

Complaints that banks, credit unions and nonbanks compete on an uneven playing field should be heard, just as community banks must take seriously the threats from high-tech rivals, says Julie Stackhouse, a retiring supervision official at the St. Louis ... Read full article

The group's Wake Up initiative will include legislative and regulatory proposals, along with added resources to help members push for a level playing field. ... Read full article

The two agencies requested comment on the scorecard regulators use to assess a bank's overall health as some question whether ratings are consistently applied. ... Read full article

Tom Lopp will succeed Gary Judd at the end of November. ... Read full article

The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency. ... Read full article

The Senate Banking Committee chairman said he wants to revise legislation enabling banks to serve marijuana businesses to ensure it does not benefit vaping providers that have sparked safety concerns. ... Read full article

Employee programs need to embrace a wide range of groups including women, minorities and the LGBTQ community. ... Read full article

Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries. ... Read full article