News Topic: Community banks

Sound Bank is now Dogwood State Bank after its sale to an investor group. The buyers also moved Dogwoods State's corporate offices from eastern North Carolina to the state's capital. ... Read full article

Their challenge is creating a viable, profitable product that doesn't get flagged for being predatory. ... Read full article

The Florida banks had spent years addressing credit quality and capital issues. ... Read full article

StreetShares, started as a peer-to-peer service for veterans, has added a platform intended to connect small financial institutions and underbanked companies. ... Read full article

The association filed a comment letter urging FASB to delay CECL implementation for all banks, while asking a key accounting group to support its effort. ... Read full article

Other banks have made splashy acquisitions there, but PSB Holdings is getting ready to open a branch after making inroads in the market for three years. Its next step could be M&A. ... Read full article

How is the Pennsylvania bank trying to differentiate itself in wealth management? By assembling a team of private bankers to cater to the complex needs of high-net-worth clients. ... Read full article

First Mutual Holding is buying the tiny Blue Grass Federal and keeping its charter. The deal allow the seller to save costs and maintain its autonomy. ... Read full article

Margin expansion may grind to a halt if the Fed holds rates steady or cuts them further. The problem is regionals tend to lack the side businesses that the big banks possess to offset lending slumps. ... Read full article

The regulators have yet to complete rules on regional bank supervision, community bank capital and other provisions meant to ease institutions' burden. ... Read full article

The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. The shift promises to deliver big fees, but it could also cause headaches if defaults spike. ... Read full article

On Mar. 31, 2019. Dollars in thousands. ... Read full article

The federal banking regulators issued a new proposal Friday asking for further public comment on changing the definition of a “high volatility commercial real estate exposure.” ... Read full article

Bank regulators finalized a proposal to exclude small institutions from the proprietary trading ban, as required by last year’s reg relief bill. ... Read full article

Breaking from its playbook as a conservative lender, Provident Financial in New Jersey is working with a fintech to offer unsecured loans online. ... Read full article

Consumer groups applauded the California bank's announcement. ... Read full article

Credit unions and the rest of the financial services sector, in the spirit of recent criminal justice reform, should be more open to hiring workers with low-level criminal convictions. ... Read full article

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails. ... Read full article