News Topic: Community banking

Both Democrats and Republicans devoted considerable time at a House Financial Services Committee hearing last week to lamenting how the accounting standard will hurt small lenders. ... Read full article

American Bank & Trust opened after organizers raised more than $22.5 million. ... Read full article

The Bay Area is a booming market with a limited number of smaller banks. The high premium Presidio is receiving from Heritage Commerce might spark more M&A activity. ... Read full article

Banesco USA agreed to buy Brickell more than a year after Banco Espirito tried to sell the Miami bank to a Swiss financier. ... Read full article

Credit Union Trust, a new credit union service organization, has obtained a bank charter that it will use in offering trust and investment-related services. ... Read full article

Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares. ... Read full article

On Dec. 31, 2018. Dollars in thousands. ... Read full article

On Dec. 31, 2018. Dollars in thousands. ... Read full article

The Illinois bank is buying a bank formed in the 1970s to serve Cuban-Americans. ... Read full article

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker. ... Read full article

Heritage will have 17 branches around San Francisco when it completes the $200 million acquisition. ... Read full article

Farmers were already taking on more debt to cover losses from falling crop prices. New tariffs and other retaliatory moves could hurt ag borrowers further and lead to loan losses and tighter underwriting. ... Read full article

Democrats and Republicans on the House Financial Services Committee called for steps to minimize the harm to community banks and credit unions bracing for the new accounting standard. ... Read full article

The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets. ... Read full article

Meridian Corp. may have breached sales agreements after originating nearly $100 million in loans in a state where it lacked a license. ... Read full article

Under the Treasury Department's Financial Agent Mentor-Protégé program, JPMorgan Chase is advising two black-owned banks on working with the agency in ways that could boost their fee income. ... Read full article

As evidenced by a Senate hearing, Republican and Democratic lawmakers still live in alternative universes when it comes to financial regulatory policy. ... Read full article

Ask 453 bankers their forecasts on loan demand and the economy, or their feelings about the BB&T-SunTrust merger, pot banking as well other hot issues, and a clear picture emerges. Promontory Interfinancial Network recently did just that, and here our ... Read full article