News Topic: Community banking

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month. ... Read full article

Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program. ... Read full article

The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank. ... Read full article

The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal. ... Read full article

New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen. ... Read full article

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel. ... Read full article

Lining up leadership and securing staff support are important building blocks for banks eager to become more tech savvy. ... Read full article

On Dec. 31, 2018. Dollars in thousands, except for average loan amount. ... Read full article

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value. ... Read full article

The Clearing House announced moves to attract community banks and credit unions to its real-time payments system. Smaller depositories have generally been reluctant to sign up with what is seen as a large-bank effort. ... Read full article

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis. ... Read full article

Sure, M&A is a good option, but so are branch deals or key hires, say two veteran bankers who shared some of their successful strategies at American Banker’s Retail Banking Growth Stories conference. ... Read full article

Power Financial Credit Union's deal for TransCapital Bank marks the fourth time this year a bank has agreed to be sold to a credit union in that state. ... Read full article

The system is designed to help banks deliver more personalized financial advice and is meant as a challenge to traditional bank technology vendors. ... Read full article

Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it. ... Read full article

Some lenders, especially in markets like California, are preparing in case of a technology-industry stumble that hurts business, real estate and other loan segments. Whether those fears are well founded is a matter of debate. ... Read full article

The deal between Performance Trust and Banks Street Partners is the second combination this month of investment banks that cater to commercial banks. ... Read full article

Alex Sanchez acknowledges that the U.S. has a lot of banks and many failed in the crisis, but he says a healthy economy needs a fresh supply of community lenders to nurture entrepreneurs. ... Read full article