A credit union's 'troubling' capital plan
The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach. ... Read full article
The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach. ... Read full article
The Houston company has already converted the systems and brand from January's acquisition, allowing it to focus more on bringing in business. ... Read full article
Give Lindsay Lawrence a big job to do and she just might find a way to make it even bigger. ... Read full article
Innovation is part of Emily Girsch's daily routine. That's why the chief financial officer at Lincoln Savings Bank in Cedar Falls, Iowa, spends a lot of time thinking about the need to modernize bank regulations for the digital age. ... Read full article
The Indiana credit union agreed to pay $21.3 million in cash for New Bancorp, which was created when its savings bank converted to a stock-owned company in 2015. ... Read full article
Banks from the North and South are converging on the city, spurred by a spike in deposits and employment numbers that trump national averages. ... Read full article
The Oklahoma company will pay $122 million for a bank with three branches in Dallas. ... Read full article
The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions. ... Read full article
SmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium. ... Read full article
The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year. ... Read full article
Entegra Financial, which had agreed to sell to SmartFinancial, is now selling to First Citizens, which offered more money and will pay a breakup fee for the initial deal. ... Read full article
The Fed board unveiled a proposal Tuesday to standardize how investors owning less than one-quarter of a bank can determine who holds a "controlling" stake and therefore must register as a bank holding company. ... Read full article
CEO Kessell Stelling said he thinks about Synovus' depressed stock price daily, even though his team is ahead of schedule cutting costs from a deal that closed in January. ... Read full article
Blue Lion Capital, which has been critical of the Seattle company in recent years, has nominated two individuals to become directors. ... Read full article
The acquisition also includes $525 million in deposits and $120 million in loans. ... Read full article
Spokane Teachers Credit Union will transfer the assets and liabilities to a nearby branch. ... Read full article
Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront. ... Read full article
The findings of a new survey suggest that banks risk becoming irrelevant unless they match the speedier processes that are a key selling point for online lenders. ... Read full article
While NCUA lawyers fielded questions about the possibility of redlining, a three-judge appeals panel showed skepticism about other elements of the ABA's arguments against changes to credit union membership rules ... Read full article
The Dallas regional assured analysts that it has ample sources of liquidity to fund its expected loan growth. ... Read full article