News Topic: Community banking

OceanFirst Financial's acquisition of Capital Bank of New Jersey would strengthen its presence in the southern part of the state and Philadelphia. ... Read full article

ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer. ... Read full article

City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing. ... Read full article

Ballinger National Bank would be renamed Keystone Bank and its headquarters would move to an Austin suburb. ... Read full article

The change comes two months after the bank was spun off from its Venezuelan parent company. ... Read full article

Bank Independent in Alabama is the latest small bank to start using Alexa, though implementation costs and security concerns continue to hold others back. ... Read full article

The results did not include the company's purchase of CoBiz, which closed last month. ... Read full article

Organizers plan to raise $25 million to $35 million in initial capital to focus on small and midsize businesses in northern Virginia. ... Read full article

Orrstown will pay $59 million in cash and stock to gain seven branches and $409 million in deposits. ... Read full article

Frank Sorrentino, CEO of ConnectOne, says bankers who are unwilling, or unable, to invest in technology upgrades may have to find buyers as competition heats up. ... Read full article

The association has invited FIS, Fiserv and Jack Henry to join a committee tasked with helping smaller institutions modernize technology. ... Read full article

Better web access, paid for by banks, could go a long way toward moving the unbanked into the mainstream. It was one of many ideas batted around at a recent a conference on the role fintech can play in promoting financial inclusion. ... Read full article

Jeff Szyperski wants regulators to update the definitions of assessment areas under the Community Reinvestment Act, and remove 'arbitrary' asset thresholds from bank regulation in general. ... Read full article

The company is facing criticism after a big chargeoff on two properties, showing that investors have little patience when a risky business model shows signs of distress. ... Read full article

Driver Management said it would also support National Bankshares if it decided to sell itself. ... Read full article

Credit unions won't have to comply with the controversial rule until at least 2020, but a separate proposal on alternative capital could raise the ire of banking groups. ... Read full article

The Bank Policy Institute said the Current Expected Credit Loss model is a “sea change” from how banks have traditionally set aside reserves. ... Read full article

The company will pay $42 million for Oak Park River Forest Bancshares. ... Read full article