News Topic: Community banking

The biggest challenge for credit union acquirers involves retaining commercial customers at the banks they buy. That's why constant communication, and having more commercial products and services, matter. ... Read full article

The deal with Frandsen Financial is the 12th bank M&A transaction this year involving a seller in Wisconsin. ... Read full article

Seed, a San Francisco startup, has developed a platform that lets small businesses quickly open accounts online. That's an important feature for Cross River as it courts more fintech clients. ... Read full article

Shore Community Bank, which has five branches in Ocean County, will sell for $53 million. ... Read full article

Sterling Bancorp must enhance its BSA policies and hire an outside firm to review its account activity. ... Read full article

Independent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp. ... Read full article

Facebook's plans to launch its Libra cryptocurrency dominated much of the discussion at American Banker's Digital Banking conference last week, but attendees also debated what big tech company might strike next and what future digital innovations ... Read full article

All of the Seattle company's directors, including CEO Mark Mason, were backed by shareholders despite a challenge by Blue Lion Partners. ... Read full article

Community bankers want to cut the time it takes for customers to establish digital accounts to mere minutes, but it's hard to do that and make other improvements without increasing fraud risk. ... Read full article

First Internet is poised to acquire an SBA lending team to help it meet an ambitious loan target for the year — a target the CEO plans on doubling in coming years. ... Read full article

The Cincinnati bank could add about $30 million a year in noninterest income with its deal for the capital markets firm Bannockburn Global Forex. ... Read full article

A Wisconsin credit union's agreement to acquire a small Chicago bank, the eighth credit union-bank deal this year, led bankers to once again call for policymakers to slow the trend. A credit union trade group complained that banks are trying to stifle ... Read full article

There’s a long list of reasons traditional lenders haven't kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback. ... Read full article

Deal values this year have been smaller than last year despite the hubbub over BB&T-SunTrust. Prosperity's agreement to buy LegacyTexas raises the possibility that the size of bank deals could start climbing. ... Read full article

On Mar. 31, 2019. Dollars in thousands. ... Read full article

The deal, among the four biggest bank acquisitions announced this year, would make Prosperity the second-largest bank based in Texas. ... Read full article

The new regulation mandated by Congress expands eligibility for a simplified reporting form to financial institutions with $5 billion of assets. ... Read full article

On Mar. 31, 2019. Dollars in thousands. ... Read full article