Activist investor presses First United in Maryland to sell
Driver Management said it believes the company would create more shareholder value by finding a buyer. ... Read full article
News Topic: Community banking
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BV Financial to expand in northeast Maryland with acquisition
The Baltimore company will pay $31 million for MB Bancorp. ... Read full article
Summer surge in bank M&A feels like distant memory
Falling stock prices and concerns about the health of the economy are depressing deal activity. ... Read full article
Why bank M&A is flourishing in the Garden State
Intense competition for deposits and a growing need for scale are spurring more New Jersey banks to seek out buyers. ... Read full article
Elevations Credit Union plans to buy Colorado bank
The pending sale of Cache Bank & Trust would be the first credit union-bank deal in the state. ... Read full article
Inside a small bank's struggle to find a buyer
AltaPacific's recent agreement to sell itself to Banner Corp. came after it started down a list 14 financial institutions last year, held discussions with at least nine suitors, and considered deals with a credit union and a business development ... Read full article
Community Banks with the Highest Returns on Average Assets
Year to date through Jun. 30, 2019. Dollars in thousands. ... Read full article
Community Banks with the Highest Returns on Average Equity
Year to date through Jun. 30, 2019. Dollars in thousands. ... Read full article
Tribes push for historic carve-out in CRA reform plan
Seeking to expand financial services access, tribal officials and some firms want regulators to award Community Reinvestment Act credit to any bank that funds projects in Native American communities. ... Read full article
Mutual in Massachusetts lays groundwork for buying spree
Joseph Campanelli, CEO of Needham Bank, wants to be ready to scoop up mutuals struggling with rising costs and yield curve challenges. ... Read full article
Pacific Mercantile hires regional banker as its CEO
Brad Dinsmore, who will also serve as the California company's president, once was in charge of several key lines at SunTrust, including consumer banking and private wealth management. ... Read full article
Bank Iowa agrees to buy First State Bank of Colfax
Bank Iowa will gain a branch in a neighboring market when it completes the acquisition. ... Read full article
Farmers National expands near Cleveland with Maple Leaf purchase
Farmers will pay $40 million for the bank, which is in an affluent area in northeast Ohio. ... Read full article
FDIC approves Atlanta-area de novo
Loyal Trust Bank is the seventh proposed bank in 2019 to secure the agency's approval for deposit insurance. ... Read full article
Inside Berkshire's ambitious diversity campaign
Malia Lazu, a former community organizer, is overseeing a cultural shift at the Boston company that includes a new program designed to make more loans to minorities. ... Read full article
F.N.B. plans branching effort in nation's capital
The Pittsburgh company will take a de novo approach to growth around Washington. ... Read full article
First Midwest making big Milwaukee push with Park Bank purchase
The company will pay $195 million for its first retail operations in the city. ... Read full article
Why Fifth Third is raising its bet on alternative power
The Cincinnati bank recently expanded its renewable energy banking business to include investment banking services. Its ambitious goals demonstrate the sector’s growing appeal to regional and community banks. ... Read full article
ICBA joins list of banking trade groups backing fintechs
Teslar Software, which supplies community banks with a platform to manage data from different internal systems, received $2 million from the Independent Community Bankers of America. ... Read full article
A way for smaller banks to access tech sandboxes big banks play in
Bond Financial Technologies' platform is designed for community and regional banks seeking fintech expertise. ... Read full article