Community banking

Why we converted from a credit union to a bank

01/23/20

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards.

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Business First to acquire Louisiana rival Pedestal Bancshares

01/23/20

The company will pay $211 million for a bank with 22 branches as $1.2 billion in assets.

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'Once-in-a-lifetime opportunity': Why Tennessee bank covets Atlanta

01/22/20

Terry Turner at Pinnacle Financial says big banks in the city, including Truist Financial and Wells Fargo, are "vulnerable" to new competitors.

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Provident in Massachusetts buys warehouse lending business

01/22/20

The company acquired ResX Warehouse Lending from People's United Financial.

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Tennessee bank's sale a cautionary tale on out-of-market lending

01/22/20

Franklin Financial agreed to be sold less than a year after issues surfaced in its portfolio of shared national credits.

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Gene Ludwig, Chip Mahan launch $545M fund for bank-friendly fintechs

01/22/20

Ludwig, a former regulator and CEO of Promontory Financial, and Mahan, the head of Live Oak Bancshares, say they want to back tech startups that support community banks. The ABA and ICBA are among the fund's investors.

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FB Financial to buy Franklin Financial in $611M deal

01/21/20

The proposed merger will create a $10 billion-asset bank based in Nashville, Tenn.

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Pinnacle Bankshares in southern Virginia to buy rival lender

01/21/20

The company will pay $29 million for Virginia Bank Bankshares.

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Credit union-bank deals may have peaked (for now)

01/20/20

Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year.

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Bill would aid New York cabbies who can't make loan payments

01/17/20

Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds of drivers have filed for bankruptcy.

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