Congress granted banks significant reg relief last year, but incoming ICBA Chairman Preston Kennedy says a lighter touch is needed with Bank Secrecy Act rules, loan-loss modeling and call reports. ... Read full article
On Dec. 31, 2018. Dollars in thousands. ... Read full article
The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway. ... Read full article
The new accounting standard won’t make community institutions safer, though implementation is proving burdensome and could restrict access to credit, argues Rep. Blaine Luetkemeyer. ... Read full article
John Quill, a former deputy comptroller, had a key role deciding which banks could participate in the Troubled Asset Relief Program. ... Read full article
For years Carter Bank in Virginia had resisted technology of all kinds — even ATMs. But a leadership change, rising rates and a thirst for low-cost deposits finally led to a change in philosophy. ... Read full article
The drudgery of filling out forms and changing bills prevents many customers from swapping banks. One fintech has simplified that exchange, and banks are willing to pay it to deliver them new customers. ... Read full article
The agency wants to increase the maximum SBA Express loan to $1 million from $350,000 to pump up volume. ... Read full article
The company will close a dozen branches, including eight in Colorado. ... Read full article
"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives. ... Read full article
HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges. ... Read full article
Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis. ... Read full article
The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between. ... Read full article
The agency's update is good news for banks digesting data suggesting that nonbanks cut into their share of small-business loans during the partial government shutdown. ... Read full article
Lenders are glad the agency worked swiftly through a backlog of paperwork, but they're worried funds will get cut off if the government closes again. ... Read full article
The Louisiana company got more aggressive with credit issues and recorded its final charge tied to addressing a regulatory order. ... Read full article
The Boston company reported a quarterly profit despite mortgage headwinds and lost SBA revenue tied to the partial government shutdown. ... Read full article
The Iowa company will pay $94 million for a bank with five branches and $727 million in loans. ... Read full article
Its mobile banking app comes with bank accounts, merchant accounts, and instant credit on invoices. Behind it is a network of community banks that will gather the deposits the app brings in. ... Read full article
The company, which has yet to report quarterly earnings, said the moves will turn a profit over time. ... Read full article
