Community banks

Trustmark taps insider as its next leader

10/28/20

The Mississippi company said Duane Dewey, the president of its bank, will succeed Gerard Host as CEO in January.

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Heartland reworks AIM Bancshares deal to reflect Fed concerns

10/26/20

The Iowa company said it will pursue a two-step acquisition to address unspecified issues raised by the Federal Reserve as part of its review of the acquisition.

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Hyperion in Philadelphia looks to form holding company

10/23/20

The bank said the move will give it more flexibility for raising capital.

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Wall Street’s Cohn is wrong about community banks

10/23/20

The assertion by former Goldman Sachs executive Gary Cohn that smaller banks won't be viable in a high-tech world overlooks their success in partnering with fintechs, according to the Independent Community Bankers of America.

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Houston de novo effort secures conditional regulatory approval

10/20/20

Agility Bank, one of two women-led groups seeking charters, is looking to open next spring.

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Comerica prioritizes forgiveness of larger PPP loans

10/20/20

The Dallas bank has begun encouraging larger borrowers to seek forgiveness of Paycheck Protection Program loans first as it holds out for the government to streamline the process for loans below $150,000.

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Ex-Trump adviser Cohn predicts bleak future for community banks

10/19/20

Gary Cohn, former head of the Trump administration’s National Economic Council and onetime top executive at Goldman Sachs, says technological changes will continue to make it harder for smaller financial institutions to compete and force many to be sold.

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Regulators close Florida bank in third failure of 2020

10/16/20

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

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First Midwest becomes latest bank to pare back its branch network

10/15/20

The Illinois company will shutter 17 locations, or about 15% of its branches, early next year.

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Amalgamated CEO Keith Mestrich to leave bank in January

10/14/20

The New York bank, which is conducting a search for its next leader, also said it expects to report strong third-quarter earnings.

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