Second M&A deal in four months for Independent in Mass.
The acquisitive company plans to buy Blue Hills Bancorp to boost its footprint in eastern Massachusetts. ... Read full article
The acquisitive company plans to buy Blue Hills Bancorp to boost its footprint in eastern Massachusetts. ... Read full article
Seven other banks passed on a chance to bid on FCB Financial, perhaps showing the small pool of large buyers eager to make a big commitment to the Sunshine State. ... Read full article
The company said the move should address investor concerns about potential margin compression, slower loan growth and an economic slowdown. ... Read full article
Every month, from January to April of this year, there were roughly 3.2 billion attacks perpetrated by malicious code that infiltrated business' networks. Representatives of smaller financial institutions disputed the notion that they are one of the ... Read full article
Edward Doherty is set to succeed Janice Houghton when she retires in November. ... Read full article
Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010. ... Read full article
Senior managers at selling banks often get big payouts and move on. But some decide (or are allowed) to stay and can make major contributions. Here are examples of execs who famously became difference makers after sticking around, or of keepers from recent ... Read full article
The changes mandated by the recent regulatory relief law would narrow the definition of "high-volatility commercial real estate" exposures that get a higher risk weight. ... Read full article
Shelley Siefert will also become the bank's president in May. ... Read full article
Organizers of Watermark Bank aim to open early next year. ... Read full article
The storm dumped a record amount of rain on North Carolina over several days. Some sections of the coast remain off limits due to flooded highways. ... Read full article
Olson ran a bank founded by his father in his hometown of Fergus Falls, Minn., before a long career in Washington. ... Read full article
As the Cincinnati bank seeks to regroup after the fatal shootings at its headquarters, the incident underscores the need for preparedness at banks and credit unions of all sizes, workplace safety experts say. ... Read full article
First Busey is buying a bank with a large securities portfolio, whose size would be easier to adjust than traditional bank assets as it seeks to stay below the $10 billion mark. ... Read full article
Small banks and credit unions are searching for a high-tech edge over big-name financial institutions, and Amy Gililland at the technology firm Kasasa says it’s a goal that is within sight. ... Read full article
Policymakers are right to re-examine the industry’s exemption and the unfair competitive advantage it provides. ... Read full article
The Delaware company said it recouped nearly two-thirds of the costs it incurred as part of a legal settlement reached earlier this year. ... Read full article
The Credit Union National Association believes the NCUA has not moved quickly enough to grant an 18-month exam cycle to credit unions with $3 billion or less in assets. ... Read full article
Washington Federal in Seattle allowed Anchor Bancorp to find another buyer after BSA issues forced it to withdraw its merger application. ... Read full article
Cape Cod Five Cents Savings Bank has transformed its summer intern program so that it is more structured and attracts students who could see themselves staying in the industry. ... Read full article