Community banking

Three Texas banks planning to merge

06/30/20

Southwest Bancshares in San Antonio will have assets of $1.5 billion when it absorbs two affiliated banking companies in nearby cities.

[more]

Netflix to shift $100 million into Black-run banks, credit unions

06/30/20

The online TV giant will start by moving $25 million to a fund that invests in minority-run financial institutions that serve low-income communities and depositing $10 million into Hope Credit Union in Jackson, Miss.

[more]

Is capital haul too much of a good thing for Black-run banks?

06/24/20

The movement encouraging investment in banks run by African American management teams gained huge momentum in recent weeks, but a spat between one of those lenders and an activist investor highlights the potential downside.

[more]

Frustrated by PPP, many small businesses are ditching their banks

06/21/20

Business owners are changing banks at three times normal levels, a trend researchers attribute to their difficulty in obtaining emergency loans. If the forgiveness stage of the Paycheck Protection Program proves arduous, that rate could climb much higher.

[more]

OCC, Texas bank enter into formal agreement tied to BSA compliance

06/19/20

CBTX in Houston must develop policies and procedures, along with a training program, to address deficiencies in its bank's compliance with the Bank Secrecy Act.

[more]

Small banks' battle to thwart unemployment scams

06/15/20

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

[more]

Umpqua elevates insider to oversee its growth strategy

06/11/20

The Oregon company tapped Tory Nixon to serve as president of its bank.

[more]

After PPP reform, more flexibility but same complexity

06/05/20

Bankers said legislative fixes to the small-business rescue program should help more borrowers secure loan forgiveness, though new demand will likely remain tepid because the process is still extremely cumbersome.

[more]

No quiet retirement for longtime Webster Financial chief

06/04/20

James Smith, who recently completed his gradual transition out of banking, was spearheading a public-private economic development plan for Connecticut when the coronavirus pandemic hit. The crisis made the need for the plan greater — and the job harder.

[more]

Punching above its weight: Small N.J. bank uses tech to take on big rivals

06/03/20

David Howard's leadership of the OceanFirst digital strategy and innovation team that has developed a robo adviser, an Alexa skill and other cutting-edge tools earned him recognition as one of American Banker's digital bankers of the year.

[more]