News Topic: Community banking

The New Jersey company said the issue, tied to insufficient validation procedures, did not lead to misstated financial results. ... Read full article

Several groups have gone public with plans to start a bank since the state enacted a law to make it easier, but none have actually filed with the FDIC. ... Read full article

A legal memo conducted on behalf of the trade group says the agency’s policy goes beyond statutory intent and places undue restrictions on healthy banks. ... Read full article

FNB Bancorp in Utah, which is being sold to Glacier Bancorp, decided that the Montana bank's decentralized model would save jobs and give its management team more autonomy. ... Read full article

The answer depends who you ask, but an analysis of deposit and loan trends offers some insight. ... Read full article

The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time. ... Read full article

At least four banks may lose certain tax benefits if it is proven that DC Solar operated an investor scheme. ... Read full article

Community banks and credit unions fear a Senate plan and other legislative ideas will nullify steps taken by Fannie Mae and Freddie Mac that have made it easier for smaller institutions to compete. ... Read full article

Bank of Marin CEO Russ Colombo is tightening up pricing and terms, citing soaring real estate prices in markets like San Francisco. ... Read full article

American National Bankshares is trying to force the proposed American Bank & Trust to change its name. ... Read full article

Victor Karpiak stepped down as CEO of First Financial in 2013 after years of wrangling with a prominent activist investor. ... Read full article

The FDIC reserve fund is nearing a threshold that will trigger a temporary reprieve on deposit insurance premiums for banks with less than $10 billion of assets. ... Read full article

Steans, a former LaSalle Bank chairman who also led the financial crisis recapitalization that saved Taylor Capital, died on Tuesday. He was 83. ... Read full article

The companies have teamed up on a product to help banks, especially small ones, give customers more accurate insights into their own financial health. ... Read full article

United Community, Synovus, Cadence and others stand to gain lenders and customers even if BB&T flawlessly integrates the $28 billion acquisition. ... Read full article

Hometown, which agreed to buy Millbury Savings Bank, has already completed one acquisition this year and has another pending. ... Read full article

The Seattle company has a letter of intent to sell its home loan centers to Homebridge Financial Services. ... Read full article

Ronald Rubin, who was a CFPB enforcement attorney, will head an office overseeing nearly 200 state-chartered banks. ... Read full article