A scorching summer for bank M&A
Consolidation heated up in recent weeks after a tepid start this year. Here is an overview of noteworthy deals announced in June and July. ... Read full article
Consolidation heated up in recent weeks after a tepid start this year. Here is an overview of noteworthy deals announced in June and July. ... Read full article
Lenders could struggle to reprice deposits fast enough to offset downward pressure from adjustable-rate loans and refinancing. ... Read full article
Melinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort. ... Read full article
Addressing payment security and achieving interoperability with a rival, private-sector network are just some of the challenges the central bank faces in building a government-backed real-time payment system. ... Read full article
The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits. ... Read full article
With margins under pressure and competition intensifying, a number of community banks are zeroing in on underserved markets. ... Read full article
Beacon Business Bank hired former Boston Private executive John Delaney as its new leader. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses. ... Read full article
It’s hard to time the next economic slowdown. But lenders, many with lingering memories of the financial crisis, are taking steps now to limit exposure in commercial real estate, construction and other loan segments. ... Read full article
Millyard Bank is on a course to open by the end of this year. ... Read full article
The year's second-biggest bank merger created a Midwestern regional with nearly $50 billion in assets, and its CEO and executive vice chairman don't intend to stop there. ... Read full article
The Pittsburgh bank is using software initially developed by a fellow mutual to help build out its platform. ... Read full article
Dealmaking had been sluggish until mid-July. Factors behind the uptick include uncertainty about both margins and loan growth. ... Read full article
You've made it to August: Ready to hit the beach or just hide somewhere and curl up with a good read? Here are 12 books that address any need: improve your leadership skills, revive unused parts of the brain, stretch your imagination, or laugh from ... Read full article
The Arkansas company will pay $434 million for Landrum Co., which has branches in Missouri, Oklahoma and Texas. ... Read full article
Community banks shouldn’t wait for the Fed to create a new real-time payments rail when consumers are already flocking to other options. ... Read full article
Financial institutions welcome regulatory feedback on their fintech offerings, but the industry wants the agency to waive enforcement for approved products. ... Read full article
The Louisiana company will pay $15 million in cash for Bank of York. ... Read full article