Bridge in N.Y. to take 3Q hit after alleged customer fraud
The company will record a quarterly charge after reporting potential fraud tied to commercial deposit accounts. ... Read full article
News Topic: Community banking
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Banks and Thrifts with the Largest Portfolios of First Mortgages
On Jun. 30, 2018. Dollars in thousands. ... Read full article
C&N expands closer to Philadelphia with Monument acquisition
Citizens & Northern will pay $43 million for the $348 million-asset Monument. ... Read full article
National loan servicer applies to form a bank
AmeriNational Community Services plans to form an industrial bank in Nevada. ... Read full article
Smaller banks, robo-advisers join forces against brokerages
Copying big banks, smaller institutions are pairing with robos to meet changing mass-affluent preferences in long-term investment products. ... Read full article
Are banks trying hard enough to diversify leadership?
Perseverance and commitment are two requirements to get more minority bankers into senior leadership positions. ... Read full article
Could lenders have done anything differently in Puerto Rico?
Few small businesses in Puerto Rico applied for credit to finance recovery from hurricane damage. The reasons are instructive for financial institutions’ response to disaster recovery, the New York Fed says. ... Read full article
Terminated bank deal in Texas takes nasty turn
Hanmi Financial wants SWNB in Houston to pay a termination fee, citing "material breaches" of covenants tied to their now-defunct merger agreement. ... Read full article
Why this fintech pulled its FDIC charter application
Colin Walsh, Varo Money's CEO, learned a lot from his first stab at deposit insurance. Lesson one: Work with one regulator at a time. ... Read full article
Central Pacific in Hawaii taps director as next CEO
Paul Yonamine will succeed Catherine Ngo as the company's leader next month. Ngo will continue to run Central Pacific's bank. ... Read full article
Credit union to buy Alabama branches from Synovus
Jefferson Financial Federal Credit Union will gain three locations, along with $138 million in loans, as part of the transaction. ... Read full article
Are SBA loans for underserved in jeopardy?
Some lenders fear a moratorium on new participants, and other restraints, could be the beginning of the end for the agency's Community Advantage program. ... Read full article
Banks go to high school to find next-gen talent
Gen Z recruits add a fresh perspective and provide a talent pipeline for the future, bankers say. ... Read full article
OCC puts another nail in thrift charter's coffin
A proposal to let certain thrifts operate like national banks blurs the line even further between the two institution types. ... Read full article
Revere Bank raises $47M through public offering
The bank's public offering comes three years after it raised $16 million in a private placement. ... Read full article
Equity continues buying spree with Oklahoma branch deal
The Kansas company has agreed to buy thee offices from MidFirst Bank. ... Read full article
Touting work-life balance isn’t just lip service at this community bank
A challenging diagnosis for her son prompted a senior executive to make changes at work, and Old National Bank's reaction offers a lesson for those serious about retaining female leaders. ... Read full article
Borrower fraud to take bite out of Triumph's 3Q profit
The Dallas company said a commercial client submitted falsified documents that inflated how much colloteral it had available. ... Read full article
Washington poised to have first-ever bank sold to a credit union
Sound Credit Union in Tacoma, Wash., has agreed to buy Bank of Washington in Lynnewood. ... Read full article
How does a community bank grow into a regional power? Hire like one
Union Bankshares in Virginia has been adding executives from much larger competitors as it looks to compete more effectively with bigger banks ... Read full article