BankUnited to sell portfolio of covered loans to the FDIC


The $263 million portfolio has been covered by a loss-share agreement since an investor group bought the failed BankUnited in 2009.


Miami bank forms foundation to aid low- and moderate-income homebuyers


City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.


Mercantil Bank in South Florida to rebrand as Amerant


The change comes two months after the bank was spun off from its Venezuelan parent company.


Customers Bancorp suspends planned spinoff of digital bank


BankMobile will remain part of Customers for at least two years after regulatory snags derailed a plan to transfer the unit to a Florida bank.


Third Federal's CRA rating cut on shortage of low-income mortgages


The Office of the Comptroller of the Currency lowered the $14 billion-asset thrift in Cleveland to “needs to improve” from "satisfactory."


USAA to cut 265 jobs in its real estate and mortgage lending divisions


USAA will be eliminating 265 home sales and lending positions, but it already has offered nearly 100 of the affected workers different jobs within its mortgage unit.


Why was Synovus the sole bidder on a large Florida bank?


Seven other banks passed on a chance to bid on FCB Financial, perhaps showing the small pool of large buyers eager to make a big commitment to the Sunshine State.


Ameris in Ga. to cut 2019 expenses by $20 million


The company said the move should address investor concerns about potential margin compression, slower loan growth and an economic slowdown.


John Kanas to retire from banking — again


Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year.


Community lenders tell big tech vendors to get up to speed


Small banks and credit unions say slow responses and outdated products from the establishment tech vendor can become a drag on their innovation efforts.