Will NCUA’s bank-purchase reg meet bankers' demand for 'guardrails'?
The regulator has pledged to put forth a rule on credit union-bank purchases before the end of the year. It's likely to lead to another clash with bankers. ... Read full article
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FDIC to conduct in-depth review of suspicious Texas bank failure
An initial review determined that lax oversight at Enloe State Bank allowed for the origination of more than 100 allegedly fraudulent or fictitious loans. ... Read full article
What's grounding so many de novos?
Regulators may be willing to grant new charters, but economic uncertainties, capital hurdles and inexperience have led the organizers of numerous bank startups to give up in the last few years. ... Read full article
House passes cannabis banking bill, but Senate battle looms
The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law. ... Read full article
City National to buy another South Florida bank
The Miami unit of Chile’s Banco de Credito e Inversiones is acquiring Executive National Bank. It bought Miami's TotalBank last year. ... Read full article
First Citizens announces strategic acquisition in Georgia
The North Carolina company agreed to buy the much-smaller Community Financial Holding. ... Read full article
Sandy Spring snags final puzzle piece to its D.C. expansion plans
The Maryland company says two recent deals, including its agreement to buy Revere Bank, gives it the right amount of coverage across Washington's suburbs. ... Read full article
Sandy Spring to buy Revere Bank
The company will add nearly a dozen branches in the Maryland suburbs of Washington. ... Read full article
Veritex to record charge-off tied to energy loan
The Dallas company inherited the loan relationship from a bank it bought in 2017. ... Read full article
Organizers apply with FDIC to open women-run bank in Chicago
FWBank would be led by Marianne Markowitz, former acting SBA director. Amy Fahey, a former JPMorgan Chase executive, would serve as chairman. ... Read full article
What Middle East turmoil could mean for U.S. energy lenders
The rise in prices caused by the attacks on Saudi Arabian oil installations should help banks recoup some losses from the 2016 downturn. Harder to gauge is the impact the price volatility will have on U.S. energy production and, in turn, loan demand. ... Read full article
Belt-tightening success may lead banks to more ... belt-tightening
A new study suggests banks have the ability to operate leaner than ever before. That could fuel investor demands for more cost cutting and drive more banks to pursue M&A. ... Read full article
BancorpSouth expanding in central Texas with bank acquisition
The Mississippi company will pay more than $38 million for Texas First Bancshares. ... Read full article
Berkshire Hills discloses issue with commercial loan
The Boston company said the loan participation went into default due to potentially fraudulent activity. ... Read full article
Cross River makes jump to real-time payments. Will other small banks follow?
Increased adoption of The Clearing House’s faster payments system could put pressure on community banks and credit unions awaiting the launch of the Fed’s competing service, FedNow. ... Read full article
Great Western hires former U.S. Bancorp exec to fill credit role
The decision to bring in Michael Doyle follows a quarter where the South Dakota company reported a spike in net charge-offs. ... Read full article
BancPlus to enter Alabama, Louisiana markets with latest acquisition
The company will gain 34 branches and $1.2 billion in assets when it buys State Capital in Mississippi. ... Read full article
Flagstar to record recovery from troubled commercial loan
The Michigan company sold collateral tied to Live Well, a mortgage company that has filed for bankruptcy protection. ... Read full article
First Financial entering key university market with latest deal
The company will by TB&T Bancshares, which operates branches near Texas A&M University. ... Read full article
Bank of Marin begins search for next CEO
The California company said it has no timeline for Russell Colombo's expected retirement. ... Read full article