Liquidity concerns drove LegacyTexas to sell
The Plano bank, which is being sold to Prosperity Bancshares in one of the industry's biggest M&A deals this year, was also worried about credit quality, a regulatory filing shows. ... Read full article
The Plano bank, which is being sold to Prosperity Bancshares in one of the industry's biggest M&A deals this year, was also worried about credit quality, a regulatory filing shows. ... Read full article
Intense competition for executives and top lenders has elevated the role acquisitions play in filling key positions. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
Organizers of Silver River Community Bank must raise $17 million before opening. ... Read full article
The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't? ... Read full article
Recent studies offer a dire outlook for water levels in drought-prone states. Some banks are bracing for this risk with changes to underwriting of real-estate-related loans. ... Read full article
As a growing number of chains go bankrupt, loan charge-offs are rising. ... Read full article
Hove, who spent 11 years on the Federal Deposit Insurance Corp. board, was the agency's acting chairman three different times during the 1990s. He held several jobs in banking, including chairman and CEO of Minden Exchange Bank & Trust, which had ... Read full article
A panel of federal appeals court judges reversed a district court’s decision on the NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining. ... Read full article
The company has agreed to buy Albany Bancshares, which has four branches near the Iowa border. ... Read full article
The agency is trying to update its rate-cap policy for institutions that fall below "well-capitalized." But it remains to be seen if the proposed changes fully address community bankers' concerns. ... Read full article
Community First will pay $40 million in cash for the parent of Affinity Bank. ... Read full article
The Louisiana company will enter two new markets after it buys the locations. ... Read full article
Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found. ... Read full article
Lenders insist they will be able to ramp up commercial loans and mortgage refinancings without skimping on underwriting. ... Read full article
Professional Bank and Marquis Bank, both of Coral Gables, have been competing against each other for more than a decade. Now they are merging in hopes of landing larger clients and making better use of technology being developed in Professional's ... Read full article
ZSuite Technologies digitizes a number of services that banks provide to landlords. ... Read full article
The company will pay $113 million for a commercial lender based in its backyard. ... Read full article
With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income. ... Read full article
Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark. ... Read full article