News Topic: Community banking

Bank Novo isn't a business lender (lots of firms already do that) or an account provider (it has a bank partner for that). Instead, it provides small businesses tools to track and analyze their banking activities. ... Read full article

Big banks are expected to report that commercial lending weakened in the third quarter thanks to tax cuts, nonbank competition and seasonal factors. It raises questions about whether the second-quarter rally was an anomaly and if an overall economic ... Read full article

Union Bankshares will gain 15 branches and $2 billion in loans in northern Virginia after it buys Access National. ... Read full article

Speaking at an industry conference Thursday, two tech executives and a community banker said that community banks should be allowed to experiment with new products without worrying about running afoul of regulators. ... Read full article

The Community Bank Sentiment Index, an outgrowth of a yearly survey conducted by the Conference of State Bank Supervisors, is intended to bring attention to market conditions and how they affect small banks' growth prospects. ... Read full article

MiCommunity Bancorp would be the first bank to open in Michigan in 10 years. ... Read full article

In what would be its third acquisition in a year, the company formerly known as BofI Holding is buying a firm that clears trades for independent broker-dealers. ... Read full article

The central bank’s top regulatory official discussed how the Fed is using listening sessions in isolated communities to understand the effect of losing the one bank in town. ... Read full article

The Office of the Comptroller of the Currency lowered the $14 billion-asset thrift in Cleveland to “needs to improve” from "satisfactory." ... Read full article

A new agency webpage has information on nearly every aspect of the agency's operations, including de novo applications, bank exams and failures. ... Read full article

The agencies issued a joint statement on the types collaborative arrangements that a bank could employ to make BSA/AML compliance more efficient. ... Read full article

Better incentives to lend and invest in underserved communities are also worthy of consideration, Loretta Mester says, as regulators try to blend the best of the Community Reinvestment Act with new ideas in updating its rules. ... Read full article

Hanmi alleges that SWNB's directors actively advised the Houston bank's investors to reject the merger. ... Read full article

Applications this year are more than double the 2017 mark and the most since 2009. But with some fintechs withdrawing their bids, observers are urging caution. ... Read full article

The regional bank is putting its corporate stamp on branches in the two states. ... Read full article

The economy could “positively slow down in mid-2019” and consumer debt levels are a huge concern, but technology and lessons learned from the crisis could still create opportunity for small banks, says Beneficial’s Gerry Cuddy ahead of a big speech on ... Read full article

Banks’ tab to fight hackers rose 9% from last year by one measure. Investors want them to rein in tech investments, but security experts say the crooks are getting smarter and smarter. ... Read full article

The company will pay $96 million to buy HomeTown Bankshares to gain scale in western Virginia. ... Read full article