News Topic: Community banks

Wells Fargo remains the TBTF poster child and regulators continue to do too little to address the problem. And as always, small banks suffer collateral damage. ... Read full article

The South Florida company said Alberto Peraza, who played a key role in its 2018 initial public offering, is leaving for personal reasons. ... Read full article

The state's Division of Banking, led by a former bank CEO and trade group chief, blocked GreenState CU's move to buy seven branches from First American Bank. This is the second time this year regulators have halted a credit union-bank deal. ... Read full article

The best community banks layer human-facing services with new technology to beat the heavyweights in their market. ... Read full article

The outcome at Beneficial State may be hard for organizers to replicate at other banks, but it serves as a reminder that labor groups see an opportunity in an industry where many low-paid workers chafe against sales pressure. ... Read full article

From 2010 to 2018 the South Carolina bank was on the FDIC's problem bank list, but in the last two years it has been profitable. Dominik Mjartan, the bank's president and CEO, explains how technology upgrades and relationship building helped it ... Read full article

Hanover Bancorp will move forward with plans for an initial public offering after shareholders backed its slate of director nominees. ... Read full article

Members of the House Financial Services Committee expressed concerns to SBA Administrator Jovita Carranza that the rule could harm poultry farmers. ... Read full article

Fintechs like LendingClub and Varo Money illustrate how the traditional financial system is changing. Banks that don’t rapidly evolve with technology will be obsolete. ... Read full article

The banking group issued lawmakers a guide on questions to ask when credit union executives visit Capitol Hill this week. ... Read full article

Giving more Community Reinvestment Act credit to such partnerships will help low-income communities, despite industry concerns. ... Read full article

The company revised its results to a net loss of $700,000 after deciding to record a $16 million loan-loss provision for the commercial loan. ... Read full article

Community banks are entering the business as intermediaries to counter the pinch of low loan yields and intense competition on spread income. ... Read full article

Bernie Sanders’ rise to front-runner status for the Democratic nomination worries many bankers, but their opinions diverge on his electoral chances and whether a Sanders presidency would pose a direct threat. ... Read full article

Tech firm accuses PNC of stealing trade secrets; online lender LendingClub agrees to acquire Radius Bank; questions arise whether regulators are turning more partisan; and more from this week's most-read stories. ... Read full article

Lawmakers have also criticized the agency's decision to create qualifying standards for farmers and other small businesses. ... Read full article

The game has changed and bank executives will have to do more homework before striking a deal. ... Read full article

Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival. ... Read full article