News Topic: Community banking

The West Virginia company will pay $15 million in cash for First National Bank of Jackson. ... Read full article

Radius Bank in Boston is adding insurers, personal loan providers and wealth management to its platform, copying a playbook popularized in Europe. ... Read full article

PNC, which has been the city's dominant bank for decades, and other local banks could face pressure as industry heavyweights expand in the market. ... Read full article

Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so. ... Read full article

The company disclosed that net charge-offs will spike due to issues with loans to a health care facility and a refinery. ... Read full article

The merger will create a firm with heft in financial services M&A, fixed income and equity research. ... Read full article

The CFPB asked whether 10-year-old consumer protections against overdrafts are onerous or unfair, especially to smaller financial institutions, but banking industry officials largely said any changes could invite new problems. ... Read full article

The company will buy eight locations, along with loans and deposits, from People's United. ... Read full article

Peapack-Gladstone in New Jersey has more than doubled its assets under management in the last six years, taking advantage of buyouts of its smaller rivals as it aims to become less dependent on net interest income. ... Read full article

Jack Henry's acquisition of Geezeo and NCR's purchase of D3 Technology are fueling predictions that more small-business data firms will be takeover targets for legacy techs trying to court small bank and credit union customers. ... Read full article

Natcom will become the second-biggest bank in Duluth, trailing only Wells Fargo. ... Read full article

The new rule, subject to approval by the Office of Management and Budget, would enable FDIC-supervised institutions with less than $5 billion in assets to use a shorter form every other quarter. ... Read full article

Set aside the large BB&T-SunTrust merger pact, and most deal metrics were way down in the first half of 2019. ... Read full article

Quontic Bank CEO Steven Schnall wants to turbocharge deposit growth by mimicking the strategies of big digital banks so his community development financial institution can become a much larger mortgage lender. ... Read full article

The New Jersey company agreed to acquire Point View Wealth Management. ... Read full article

The pair spoke in grand terms when they announced they were combining, but a securities filing tied to the agreement serves as a reminder that when two banks decide to become one, it's often because they have to. ... Read full article

As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal. ... Read full article

Gregory St. Angelo was part of a loan and tax credits scheme with other senior executives that funneled him more than $50 million, federal prosecutors said. ... Read full article