News Topic: Community banks

Comerica, Citizens Financial and other companies are buying up securities, paying off high-cost borrowing and trying to develop specialty lending niches. But loan growth remains weak, and the likelihood of extreme volatility in deposits makes it hard to ... Read full article

The Minnesota credit union’s deal for Brainerd Savings & Loan comes about 11 months after it bought Neighborhood National Bank in Minnesota. ... Read full article

Speculation is swirling that the Boston company will go on a buying spree after raising $1.8 billion, though some investors are advising caution. This tension makes CEO Bob Rivers one of our community bankers to watch in 2021. ... Read full article

There’s an alarming gap between how small and large banks view the importance of digital engagement, according to a recent survey by Celent and Arizent. ... Read full article

The Amarillo bank is buying First National Bank of Tahoka, continuing the industry’s consolidation in the state. ... Read full article

The $62.7 million merger of Linkbancorp and Gratz Bank would create a company with over $800 million of assets and nine branches stretching from Harrisburg to the Philadelphia suburbs. ... Read full article

Acquirers shelved plans to buy banks this year as the coronavirus became widespread but a combination of factors in the months ahead could spur the confidence to restart those conversations. ... Read full article

Elizabeth Magennis recently served as the New Jersey company's chief lending officer. ConnectOne also hired Michael O'Malley, a former OnDeck Capital executive, as chief risk officer. ... Read full article

Lenders want Congress to bring back incentives used during the last recession, such as bigger subsidies and reduced fees, to jump-start participation in the Small Business Administration's flagship 7(a) program. ... Read full article

Just a few months after signaling that provisions for loan losses had peaked, many banks are planning to once again add to reserves to guard against pandemic-related defaults, according to a survey released by IntraFi Network. ... Read full article

The latest report from the American Customer Satisfaction Index reported lower scores for both industries, with credit unions recording their lowest ranking since 2011. ... Read full article

The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks. ... Read full article

Many small banks are reactivating repurchase programs, signaling that capital levels remain strong and credit issues are under control. ... Read full article

The statement comes after multiple small and midsize institutions earlier this year warned the agencies that the secured overnight financing rate was ill-suited to them. ... Read full article

The region now leads the nation in virus cases, and with winter lurking the fear is that the outbreak will only get worse. ... Read full article

The company is looking to tap into a surge of homebuying tied to historically low interest rates. ... Read full article

The company is best known for its reciprocal deposit program, but it’s finding new ways to serve banks without competing for their customers. ... Read full article

The Mississippi company said Duane Dewey, the president of its bank, will succeed Gerard Host as CEO in January. ... Read full article