News Topic: Community banking

The Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit. ... Read full article

Banco Bradesco said it will use the acquired bank to expand its investment offerings in the United States. ... Read full article

The California company was issued a consent order after it failed to meet the conditions of a January 2018 informal agreement. ... Read full article

The company will record a $2.1 million pretax gain in the second quarter after selling Summit Insurance Services to the Hilb Group. ... Read full article

Profitability improved significantly last year for banks with less than $2 billion of assets, but not because of anything they did. Some troubling trends lurk beneath those big gains too. ... Read full article

Tandem Bank has approval from the Georgia Department of Banking and Finance as its aims to become the state's first new bank since the financial crisis. ... Read full article

Community banks in the state have struggled to attract the funds to meet surging loan demand, but that could change now that a new law has made it easier for them to accept government deposits. ... Read full article

Aging tech systems have become a "pain point" in financial services, and VC firms have backed newcomers trying to push aside traditional vendors and win over banks and credit unions. ... Read full article

MidFlorida Credit Union has agreed to buy the $730 million-asset Community Bank & Trust of Florida in Ocala. ... Read full article

The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns. ... Read full article

The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data. ... Read full article

Paul Taylor previously served as CEO of Guaranty Bancorp in Denver, which sold in January to Independent Bank. ... Read full article

It just got harder for banks in Georgia to enforce noncompete agreements in employee contracts. For employees of two merging banks, BB&T and SunTrust, the timing couldn’t be better. ... Read full article

Shelley Seifert had been the bank's chief operating officer. ... Read full article

The New Orleans company is comfortable buying with the deal despite MidSouth's lingering credit issues, given a shared history and the opportunity to add low-cost deposits. ... Read full article

MidSouth had spent the last two years improving credit quality by reducing its exposure to energy credits. ... Read full article

Rising premiums and lenghty earn-back periods have made investors more skeptical than ever about M&A. So the sooner banks are able to convert systems and rebrand, the sooner they'll be able to meet the promised cost-cutting and revenue targets. ... Read full article

The Boston company gained the mortgage platform when it bought First Choice in 2017. ... Read full article