Community banks

Alabama banks announce plans to merge

08/20/20

USAL Bancorp will have nearly $300 million in assets after it buys Escambia County Bank.

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Enterprise in St. Louis makes coastal push with Seacoast deal

08/20/20

The company will pay $156 million for a bank with a large Small Business Administration lending platform.

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Rhineland Bancshares expanding close to St. Louis with acquisition

08/20/20

The Missouri company 's deal for Clifford Bancshares is set to close later this year.

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Comerica joins list of big banks assisting Black-run institutions

08/19/20

The Dallas regional is placing deposits in several minority depository institutions, providing each with low-cost funds that can be redeployed in underserved communities.

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Indiana credit union agrees to buy another bank

08/19/20

Crane Credit Union's deal for Our Community Bank comes two months after it agreed to acquire Community State Bank of Southwestern Indiana.

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Rakuten again withdraws application for bank charter

08/18/20

The Japanese conglomerate first applied for deposit insurance in July 2019 and again in May 2020.

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CB Financial hires outsider as next CEO

08/14/20

The Pennsylvania company recruited John Montgomery from First Bank in St. Louis to take the helm on Aug. 31.

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HarborOne job cuts reflect lower branch traffic, coronavirus fallout

08/13/20

The Massachusetts company is laying off more than 40 employees with a focus on people working in its retail banking operations.

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Libor is out, but SOFR isn't quite in

08/12/20

As the discredited Libor interest rate benchmark enters its last months, some banks are turning away from the repo-based alternative that regulators prefer. What could go wrong?

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Outside of PPP, it's crickets in small-business lending

08/12/20

The Paycheck Protection Program has masked what has been a year of tepid demand and tightened lending standards. And bankers aren't expecting a rebound anytime soon.

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