Community banking

Customers Bancorp, BankMobile to chart new paths as separate companies

08/06/20

Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions.

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Customers Bancorp in Pennsylvania divesting BankMobile

08/06/20

The digital bank would merge with Megalith Financial to create a new publicly traded company that would offer licensed products and services.

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There's no replacing the human touch of branch banking

08/06/20

The coronavirus pandemic has forced some branches to close, but demand for in-person advice remains strong.

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Holly Springs Bancshares in Mississippi to buy neighboring bank

08/05/20

The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank.

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Maryland bank's name change reflects M&A aspirations

08/05/20

Delmar Bancorp will lose its regionally associated brand when it becomes Partners Bank.

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Flushing, Empire affirm commitment to delayed merger

08/03/20

The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic.

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Carver in New York to finally exit Tarp

07/31/20

The Treasury Department has held shares in the Black-run banking company for more than a decade.

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Merger scuttled, Texas bank charts new course

07/30/20

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado.

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De novo started by gamblers rolls dice on banking them

07/30/20

Lexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings.

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First Commonwealth to close a fifth of its branches

07/30/20

The Pennsylvania company said the move is in response to margin pressure and customers' increased adoption of digital channels.

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