Boston Private to cut costs, sell advisory business
The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin. ... Read full article
The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin. ... Read full article
The California company reported increases in loans and deposits, along with a wider net interest margin. ... Read full article
David Reed, a Republican, is stepping down as a state legislator after redistricting cost him a shot at a congressional seat. ... Read full article
Bigger banks appear to be losing C&I share to small and midsize lenders. That's raising questions about whether community banks — known more for commercial real estate lending — have enough expertise to underwrite deals that larger banks avoid. ... Read full article
Many bankers say the agency needs to rethink its definition of brokered deposits and how it sets interest rate caps. ... Read full article
Many community banks face the same challenges that drove AJS Bancorp to become a seller, but few if any would go to the lengths that it did to seek a buyer. ... Read full article
BankMobile will remain part of Customers for at least two years after regulatory snags derailed a plan to transfer the unit to a Florida bank. ... Read full article
Banks looking to build online-only affiliates to turbocharge deposit-gathering can expect intense competition and heightened regulatory scrutiny. ... Read full article
On Jun. 30, 2018. Dollars in thousands. ... Read full article
College prospects cite the financial crisis as one reason they are passing on community bank jobs to join fintechs. ... Read full article
On Jun. 30, 2018. Dollars in thousands. ... Read full article
On Jun. 30, 2018. Dollars in thousands. ... Read full article
The tech giants might be moving into small-business lending, but they’re more likely to take business away from large commercial lenders, not community institutions. ... Read full article
ABA Insurance Services, which is owned American Bankers Mutual Insurance, offers a range of services to banks, small businesses and nonprofits. ... Read full article
The Montana company will spend $200 million to buy Idaho Independent and Community 1st Bank. ... Read full article
The added heft will help companies like Independent Bank and Berkshire Hills better compete with the bigger banks that control much of the region’s deposits, and perhaps give them a leg up on other giants, including JPMorgan Chase, moving into the Boston ... Read full article
Efficiency gains also drove results at the Kansas City, Mo., company. ... Read full article
The company agreed to buy Mainland Bank for nearly $20 million in stock. ... Read full article
The Federal Reserve System is trying to be proactive in these and other high-profile areas, offering educational materials and coaching to bank execs and directors, according to supervision officials at the St. Louis and Richmond Fed banks. ... Read full article
First Merchants in Indiana would pass $10 billion in assets by acquiring MBT Financial in Michigan. ... Read full article