Community banking

New York banks delay merger closing due to coronavirus outbreak

03/23/20

Flushing Financial, which had planned to complete its purchase of Empire Bancorp in early April, has moved its target date back by about two months.

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Coronavirus outbreak forces VSB to delay vote on sale to Northfield

03/21/20

The New York company moved its April shareholder meeting to June because of the pandemic.

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Coronavirus throws digital banking into the crucible

03/19/20

The surge in online and mobile use is a high-profile test for the industry — and could foreshadow a permanent consumer shift.

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Branches brace for staff shortages, rush for cash

03/18/20

The coronavirus outbreak has led many banks to close branches, but for those that remain open, it's a new normal.

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Hotel lending dries up as travelers stay home

03/18/20

Banks are avoiding the once booming hospitality business, or charging a premium for additional credit, as new data shows how big a hit hoteliers have taken from the pandemic.

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FDIC nears decision on ILC bids as it floats new standards for charter

03/17/20

On the same day the Federal Deposit Insurance Corp. said it will soon rule on two applications, the agency also proposed benchmarks for all firms that want to own industrial loan companies.

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Coronavirus emerges as risk factor for pending bank mergers

03/16/20

First Horizon and Pacific Premier are warning in regulatory filings that the pandemic could complicate deals that have not been completed.

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Banks cutting back on branch services to contain spread of coronavirus

03/16/20

Many institutions said they would close branches, operate drive-throughs only, limit lobby visits to appointments or take other protective steps. Yet others want to stay open to promote public confidence in the banking system.

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North Carolina de novo to open after raising $50 million

03/13/20

Triad Business Bank, which will immediately have offices in three cities, will debut next week.

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Bank M&A was already slowing down. Then the pandemic hit.

03/13/20

Coronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals.

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