Community banks

Michigan bank hires turnaround expert to tackle long list of challenges

06/01/20

Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.

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Digital Banker of the Year: Quontic's Patrick Sells

05/31/20

How a twentysomething marketing entrepreneur helped transform a small community development financial institution into a digital leader.

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Mark Cuban, banker Jill Castilla create site to streamline PPP

05/28/20

The pair created a website that will help borrowers in the Paycheck Protection Program apply for loan forgiveness.

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Banc of California to terminate soccer stadium agreement

05/27/20

The company will incur an upfront fee but will save $7 million a year by walking away from a deal with the Los Angeles Football Club.

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Virtual therapy, yoga, pet parties: Banks' answers to worker stress

05/24/20

Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.

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Where OCC bent and where it held firm in final CRA rule

05/20/20

The Office of the Comptroller of the Currency watered down numeric metrics that some groups blasted and allowed more institutions to opt out of the new regime. But whether the agency has won over any detractors remains to be seen.

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Citigroup to buy PPP loans from minority-owned banks

05/20/20

The sellers will continue to service the loans and retain the fees they receive from the Small Business Administration.

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OCC to overhaul CRA rule as Otting plans to leave agency

05/19/20

The final regulation will significantly revise a December proposal, responding to concerns from stakeholders. Meanwhile, in a surprising move, the regulator who had championed the reforms is expected to resign this week.

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CrossFirst in Kansas looks within for its new CEO

05/19/20

Mike Maddox will succeed George Jones on June 1.

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Coronavirus fallout leads Wisconsin banks to terminate merger

05/18/20

Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial.

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