Community banking

CapStar agrees to end long-running litigation against investor

07/24/20

The Nashville bank had sued Gaylon Lawrence in 2017 over allegations that he was pursuing an illegal takeover, but the two sides announced terms of a settlement.

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Why coins are scarce and what government, banks are doing about it

07/21/20

The Federal Reserve, U.S. Mint and financial industry representatives are strongly considering a public call for Americans to deposit their spare change, among other fixes, to get coins circulating again. Meanwhile, banks of all sizes are getting creative at the local level.

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Bryn Mawr Bank shuts down investment advisory business

07/20/20

The Pennsylvania bank incurred $2.3 million in expenses in second quarter after winding down unit BMT Investment Advisers.

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Bank OZK exits another state by selling branches

07/16/20

The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama.

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Banks and fintechs need each other more than ever

07/16/20

The coronavirus pandemic has exposed weaknesses even at well-established fintechs. They could become more resilient by partnering with traditional financial institutions.

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New Jersey bank hit with consent order tied to BSA compliance

07/14/20

Unity Bancorp must improve its policies and procedures, and increase staff training, for following Bank Secrecy Act and anti-money laundering laws.

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Republic in Ky. hires former CEO of Black-run bank to run loan program

07/14/20

Pedro Bryant will oversee a $3 million effort to fund small businesses in disadvantaged communities.

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How banks aim to close racial wealth gap: More minorities in leadership

07/12/20

The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management.

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Banks seek more fintech help for PPP's next phase

07/10/20

After tech firms assisted community bankers in processing applications in the Paycheck Protection Program, small-business lenders are continuing to engage with cloud providers and other outside companies to automate the loan forgiveness process.

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Tennessee bank merger to create $1 billion-asset lender

07/10/20

Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year.

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