News Topic: Community banking

Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons. ... Read full article

The Lake Mary, Fla.-based credit union has agreed to buy Fidelity Bank of Florida for an undisclosed amount. ... Read full article

The New York company will add $504 million of asset-based and equipment-finance loans as part of the acquisition. ... Read full article

The Boston company reported a quarterly profit despite mortgage headwinds and lost SBA revenue tied to the partial government shutdown. ... Read full article

Bank First's deal for Partnership is the third Wisconsin bank merger announced this week. ... Read full article

Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends. ... Read full article

The Florida company's earnings increased after it completed a big acquisition and produced strong year-over-year loan production. ... Read full article

Smaller institutions are booking loans at a faster clip than bigger lenders, raising concerns that they are relaxing standards in order to win business. ... Read full article

Provident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy. ... Read full article

The company will top $1 billion in assets after it buys the parent of F&M Bank in Tomah, Wis. ... Read full article

The company will pay $93 million for Kinderhook Bank, which has a concentrations of branches around Albany. ... Read full article

Greenwoods Financial will have $270 million in assets when it buys Fox River Financial. ... Read full article

The Texas bank disclosed that James Dreibelbis, a longtime Woodforest executive, succeeded Nash as president and CEO in late December. ... Read full article

A spike in charge-offs in the prior quarter stoked concerns about commercial real estate exposure. ... Read full article

Valley National will reinvent itself as Vast Bank over the next few months. The move is part of an effort to attract younger customers. ... Read full article

Mark Sander, who has been with the company since 2011, succeeded Michael Schudder, who remains chairman and CEO. ... Read full article

Credit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer. ... Read full article

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved ... Read full article