News Topic: Community banking

The Delaware plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels. ... Read full article

The former Trump campaign chair got $16 million in mortgages from The Federal Savings Bank. His trial is shedding new light on what the bank's CEO allegedly received in return. ... Read full article

N.B.C. Bancshares' deal for Bank of Cushing will give it two branches an hour outside of Tulsa. ... Read full article

Bank organizers are picking one another's brains about hiring decisions, applications and raising capital as part of the monthslong effort to secure charters. ... Read full article

The family that owns KleinBank negotiated for employee incentives for nonrelatives and retention awards as part of the Minnesota bank's proposed sale to Old National. ... Read full article

Bankers at Sonoma Valley Bank were convicted of bank fraud, money laundering and other offenses. ... Read full article

A $52 million-asset African-American-owned bank in South Carolina is hoping its efforts can be expanded to help underbanked consumers nationwide. ... Read full article

BofI has agreed to buy $3 billion of deposits from Nationwide Bank as part of the insurance giant's exit from retail banking. The deal comes three years after BofI bought H&R Block Bank's deposits. ... Read full article

Tory Nixon, who became Umpqua's chief banking officer this spring, is trying to drive more customers to use mobile banking (only 15% do so now industrywide) without alienating them in the process. ... Read full article

Tekalign Gedamu, who would chair Marathon International Bank, says that Zekarias Tamrat is bad-mouthing the de novo effort following his dismissal and a subsequent payment disagreement. Tamrat was slated to be the bank's president. ... Read full article

The Senate has no reason to stall the nomination of Michelle “Miki” Bowman to fill the central bank’s community banker seat. ... Read full article

Zekarias Tamrat blamed the proposed Marathon International Bank's chairman and directors for delays in getting its application approved. ... Read full article

A task force created by the American Bankers Association asserts that applying for a bank charter is too time-consuming and that some de novo rules are too rigid. ... Read full article

The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications. ... Read full article

Depending on the asset class, about 11% to 18% of earnings per share came from tax savings. The looming question is how do they top themselves in 2019 when tax rates don’t change like they did this year. ... Read full article

Despite ongoing industry consolidation, the company still expects to have at least 10 chances each year to buy another bank. ... Read full article

Vendors keep merging, and new ones keep forming. For banks, the change brings access to more options, but shorter relationships. ... Read full article

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions. ... Read full article