Community banking

Bill would create California public bank

07/09/20

Two state assembly members introduced legislation that would let the California Infrastructure and Economic Development Bank accept deposits from public entities and provide financing to small businesses and local governments.

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Black communities need more help from Fed

07/07/20

The Main Street Lending Program and other Federal Reserve loan facilities should be tailored to the needs of Black-owned banks and businesses.

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MidWestOne in Iowa hires outsider as next president

07/07/20

Len Devaisher once served as a regional executive for Old National Bancorp.

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Big banks join fight against new ILCs

07/06/20

Small banks have long led the campaign against industrial loan companies, arguing they can be used to violate the separation of banking and commerce. But now the industry’s heavyweights are also taking a hard line in response to an FDIC proposal that would give tech companies a smoother path into the lending business.

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‘There will be hundreds of fintech failures’

07/06/20

Jane Gladstone, new president of Promontory Interfinancial Network, says the recession will accelerate the shakeout among the nonbank disruptors and that small banks have an opportunity to forge new bonds with the survivors.

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Dime-Bridge a conventional deal in unconventional times

07/05/20

The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending.

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Hildene packages community bank debt into new CDO offering

07/02/20

The class A notes, secured by legacy trust-preferreds and subordinated debt of institutions, carry an investment-grade A1 rating from Moody's. That rating is slightly lower than a prior Hildene CDO, due to elevated pandemic risk to bank profitability.

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Pandemic is bringing out the best in bankers

07/02/20

Helping their customers adjust to digital banking and pay crushing bills are just a couple of ways community bankers are reaching out.

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Dime, Bridge Bancorp combining in $489 million merger

07/01/20

The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City.

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German American to promote insider as its next president

07/01/20

Neil Dauby, the Indiana company's chief commercial banking officer, will have oversight of all operations, reporting directly to Chairman and CEO Mark Schroeder.

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