Community banking

Pa. bank needed coronavirus shields. Good thing its CEO had a connection.

06/01/20

With the pandemic putting plexiglass in short supply, Joe McDonald called up a local source: a former classmate.

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Dime Community taps insider as its new president

05/28/20

Stu Lubow, who succeeded Kenneth Mahon, gained more responsibilities. Mahon remains Dime's CEO.

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S&T in Pennsylvania discloses potential exposure to check kiting scheme

05/26/20

The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme.

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Park National to close 21 branches in Ohio and North Carolina

05/20/20

The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.

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Coronavirus outbreaks at meat plants compound ag banks' problems

05/19/20

Lenders are scrambling to pause ranchers’ loan payments as meat processing plant shutdowns during the pandemic threaten $25 billion in losses for the livestock industry.

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The messaging tool that let Happy State Bank take its lending online

05/19/20

The Texas bank is leaning on solutions from Lightico and MANTL to quickly set up accounts and handle loans when customers can’t sign documents in person because of the coronavirus emergency.

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My experience shows why CRA reforms are necessary

05/18/20

Operation HOPE Chief Executive John Hope Bryant talks about how the Community Reinvestment Act influenced him at the age of 9 and eventually led to the founding of his nonprofit, which works with banks to help communities in need. But he says the 1977 law is outdated.

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Meta Financial to handle refund-advance loans for H&R Block

05/15/20

The agreement comes a day after Axos Financial warned that H&R Block was ending their six-year-old partnership.

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Heartland taps industry veteran to lead Wisconsin bank

05/14/20

The Iowa company said Brent Giles, who was CEO of a bank that was recently sold, will run its Wisconsin Bank & Trust.

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Pandemic makes CRA reform more urgent, not less

05/13/20

Critics of the Community Reinvestment Act revamp want to freeze the rulemaking process. That would only delay financial help to New York and other hard-hit cities.

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