Growth strategies

First International in North Dakota buys mortgage lender

03/01/21

The bank's purchase of Sodak Home Loans in Sioux Falls, S.D., adds to a string of bank deals for mortgage lenders this year.

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Fidelity to expand in northeast Pennsylvania with Landmark deal

03/01/21

The company has agreed to pay $43 million for a bank with $354 million in assets.

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REV Federal Credit Union gears up for double merger

02/26/21

Members of two smaller institutions will soon vote on whether to join South Carolina-based REV, boosting its assets by 15% and giving it a foothold in North Carolina.

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Dogwood State raises $28M to expand across North Carolina

02/26/21

The bank, formed in 2019 when investors bought and recapitalized Sound Bank, will use the funds to hire lenders and improve its overall infrastructure.

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Citigroup makeover should drive higher returns, CFO says

02/25/21

Efforts to simplify business operations under incoming CEO Jane Fraser will cost a lot of money but will ultimately create a safer, more profitable company, Chief Financial Officer Mark Mason said.

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Capital One starting to raise credit limits in hunt for growth

02/24/21

Capital One Financial has begun to lift borrowing limits for certain customers as it seeks to restart growth in its sprawling credit card business.

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Credit unions turn to digital outreach as membership growth slows

02/22/21

Some in the industry are beefing up online educational offerings and enlisting social media ambassadors on college campuses to help recruit younger consumers.

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BancFirst to buy Oklahoma bank dealing with regulatory issues

02/22/21

The Office of the Comptroller of the Currency issued a prompt corrective action directive to First National Bank and Trust in January, requiring it to hire a forensic auditor and provide the OCC with access to documents and records.

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M&T ends M&A drought with $7.6B deal for People's United

02/22/21

The deal for the $63 billion-asset People's United would create a company with more than $200 billion of assets and a branch network stretching from Maine to Virginia. Buffalo-based M&T has not made an acquisition since buying Hudson City Bancorp in late 2015.

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First National to enter southwestern Virginia with Bank of Fincastle deal

02/18/21

The company has agreed to pay $32 million for a bank with six branches and $256 million of assets.

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