News Topic: Community banks

The proposed Chicago de novo would focus on serving female entrepreneurs. ... Read full article

Ashton Ryan, the New Orleans bank's CEO, and two other officers are accused of disguising the financial condition of certain borrowers before the bank's 2017 collapse. ... Read full article

Provident Bank was recast as BankProv to avoid confusion as it adds business lines and enters new markets. ... Read full article

The Connecticut company recruited Robert Russell from Millington Bank to become its president and CEO. ... Read full article

BNCCORP named an interim CEO as it looks for a permanent successor for Timothy Franz. ... Read full article

Jay Hendricks, the company's chief operating officer, will succeed William Foster in August. ... Read full article

Jim Nussle, CEO of the Credit Union National Association, recently argued that Congress should do away entirely with FOM requirements. Such a move would further favor credit unions over banks. ... Read full article

Backers say a bill to limit asset growth instead of restricting brokered funds addresses concerns about expanding balance sheets at troubled banks. But skeptics worry it would open the door to greater risk. ... Read full article

The company paid Covenant Logistics Group about $14 million for $103 million in accounts receivable. ... Read full article

The coronavirus pandemic has highlighted the issue of millions of Americans lacking access to high-speed internet at their homes. Financial services firms haven't been spared from this challenge. ... Read full article

Russell Golden, who just stepped down from the Financial Accounting Standards Board, says he wants to be remembered for encouraging open discourse over new rules and efforts to simplify financial accounting. ... Read full article

The company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology." ... Read full article

Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities. ... Read full article

The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares. ... Read full article

Helping their customers adjust to digital banking and pay crushing bills are just a couple of ways community bankers are reaching out. ... Read full article

Jelena McWilliams explains the agency's decision to enlist the help of tech innovators to modernize a reporting process that the coronavirus epidemic has exposed as outdated. ... Read full article

Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank. ... Read full article

Investar Holding said it no longer plans to buy Cheaha Financial in Alabama. ... Read full article