Community banking

Organizers lay out ambitious plan for New Orleans de novo bank

08/17/20

ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit.

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Blue Ridge Bankshares, Bay Banks of Virginia to merge

08/13/20

The proposed combination would create a bank with $3 billion in assets in central Virginia.

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What’s next for Berkshire Hills after CEO’s sudden exit?

08/11/20

The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target.

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Berkshire Hills CEO abruptly steps down

08/10/20

Richard Marotta left the Boston company less than two weeks after a goodwill impairment charge contributed to a large quarterly loss.

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Large Flagstar investor to sell block of shares

08/10/20

MatlinPatterson, which once owned more than 60% of the Michigan company, has been paring back its stake in recent years.

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Community bank, fintech team up to serve gig-economy workers

08/10/20

Somerset Trust in rural Pennsylvania has partnered with RoamHR, a financial platform that assists the self-employed, to add tax-withholding help for contract and temporary workers to the bank's services.

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Customers Bancorp, BankMobile to chart new paths as separate companies

08/06/20

Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions.

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Customers Bancorp in Pennsylvania divesting BankMobile

08/06/20

The digital bank would merge with Megalith Financial to create a new publicly traded company that would offer licensed products and services.

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There's no replacing the human touch of branch banking

08/06/20

The coronavirus pandemic has forced some branches to close, but demand for in-person advice remains strong.

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Holly Springs Bancshares in Mississippi to buy neighboring bank

08/05/20

The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank.

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