Bankers rattled as nonbanks' CRE lending spikes
Banks fear that more competition from nonbanks in commercial real estate will drive down pricing and lead to a relaxation of terms. ... Read full article
Banks fear that more competition from nonbanks in commercial real estate will drive down pricing and lead to a relaxation of terms. ... Read full article
The Indiana company, which has an acquisition pending, will make more loans in minority neighborhoods around Indianapolis. ... Read full article
The central bank gathered feedback in nearly 30 roundtable discussions about regulators' efforts to modernize the 1977 law. ... Read full article
Lynn Harton, the Georgia bank's CEO and a 20-year BB&T veteran, is considering acquisitions in Alabama, Florida and Tennessee markets where the entity soon to be named Truist Financial has a high profile. ... Read full article
Ken Lehman will gain a 40% stake in the Tennessee bank as part of a broader plan to raise $13 million. ... Read full article
Gate City Bank announced that Kevin Hanson, who has been at the bank for 36 years, will succeed Steve Swiontek as CEO next month. ... Read full article
Lenders are turning to the Farm Service Agency to backstop more loans as their Midwestern customers are beset by flooding in addition to the U.S. trade war with China and volatile crop prices. Can the FSA meet the increased demand? ... Read full article
Alkami Technology said it would use its latest round of $55 million in funding to expand the white-label services it currently offers small banks and credit unions. ... Read full article
Founders Bank is the latest de novo effort that will target the nation's capital. ... Read full article
An unusual succession plan at Burke & Herbert Bank raised speculation that Virginia's oldest bank might be interested in buying another institution, for the first time in its history, or even selling to a larger rival. The bank's interim CEO, ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
Paramount Financial Technologies says its software can help banks answer key questions about their branch networks, including when it makes sense to expand them. ... Read full article
The group behind Bank of St. George is looking to bring in up to $22 million in initial capital. ... Read full article
Freedom Northwest in Idaho hopes a proposal from the NCUA will help it bring in more deposits to fund a fast-growing mortgage business. Banks are crying foul. ... Read full article
Columbia plans to incorporate certain aspects of Stewardship Financial's charitable giving into its own foundation. ... Read full article
The North Dakota company agreed to buy the $90 million-asset Prairie Mountain Bank. ... Read full article
Provident Bancorp, one of the nation's oldest active banks, is setting the stage to become a fully stock-owned company. ... Read full article
The North Carolina company will have two branches remaining in South Carolina after the sale closes. ... Read full article
Diverse economies and a limited number of sellers are making markets like Tampa, Fla., a hot spot for growth-minded banks. ... Read full article