After Congress temporarily lowered the leverage ratio used by smaller institutions, the federal agencies said they would allow a one-year transition before banks have to comply again with the regular standard. ... Read full article
Sen. Marco Rubio, R-Fla., said that $349 billion will likely not be enough meet loan demand from small businesses seeking a lifeline to help them weather the economic downturn brought on by the coronavirus outbreak. ... Read full article
In supporting the economic recovery from the coronavirus pandemic, lenders have a chance to restore public trust damaged in the last financial crisis. But they face tough decisions on dividend cuts, executive pay, furloughs and deeper changes to their ... Read full article
The regulation established standards for investors who own less than a quarter of an institution. Banks are getting more time for implementation as they focus on effects of the COVID-19 pandemic. ... Read full article
Motivated by entrepreneur Mark Cuban, Citizens Bank of Edmond is offering an overdraft line to give customers quick access to cash they will eventually receive from the federal government. ... Read full article
Commercial real estate lenders have to consider not only how they’ll weather the COVID-19 downturn, but whether worker and consumer habits have changed for good. ... Read full article
Regulators are allowing banks that implemented the loan-loss standard to forestall any capital hits until 2022. ... Read full article
An uptick in closings is likely, but how many institutions go under and how fast will depend on a variety of factors, including the duration of the pandemic. ... Read full article
Banks and credit unions should make it their top priority to pair with the central bank in distributing financial relief to small businesses, even if that means putting everything else on hold. ... Read full article
The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only. ... Read full article
Regulators' decision to delay reporting for troubled-debt restructurings should allow banks and credit unions to be more nimble modifying loans impaired by the coronavirus outbreak. ... Read full article
The coronavirus is changing how consumers interact in branches and banking online. Bank leaders should be prepared. ... Read full article
Some industry observers are calling on the Treasury Department to bring back the Small Business Lending Fund to help small companies stay afloat during the coronavirus pandemic and get back on their feet once the crisis passes. ... Read full article
The FDIC's call for FASB to postpone the loan-loss accounting standard's effective date could put pressure on other agencies to follow suit. ... Read full article
Organizers of Coastal Community Bank must raise $19.5 million before opening. ... Read full article
Lenders are concerned that the coronavirus outbreak will increase vacancies and add to credit risk. ... Read full article
Lenders are rallying around a bill from Sen. Rubio that would give them access to another $50 billion under the 7(a) program. It could face obstacles in the House, where a bill favors direct lending by the Small Business Administration. ... Read full article
GreatAmerica Financial in Iowa is looking to form a bank so it can offer more products to small and midsize companies. ... Read full article
The Georgia company will expand into central and southern Florida by buying the parent of Seaside National Bank & Trust. ... Read full article
Community bankers keep harping on the illusory issue of "too big to fail." If they're serious about strengthening the economy, they should make more of an effort to unite the industry, not divide it. ... Read full article
