News Topic: Growth strategies

Delmar Bancorp will lose its regionally associated brand when it becomes Partners Bank. ... Read full article

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado. ... Read full article

Lexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings. ... Read full article

CEO Greg Carmichael says the Cincinnati company has cut expenses but will proceed with branch openings in the Southeast and investments in its commercial loan and mortgage origination platforms to lay the groundwork for post-pandemic growth. ... Read full article

The Los Angeles company said Chang Liu, who runs its bank, will succeed Pin Tai, who is retiring. ... Read full article

Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year. ... Read full article

Jay Hendricks, the company's chief operating officer, will succeed William Foster in August. ... Read full article

Several big bank mergers fell apart after the coronavirus hit. But Bryan Jordan, First Horizon's CEO, said the pandemic validated plans to cut costs an invest more in digital upgrades. ... Read full article

Jim Nussle, CEO of the Credit Union National Association, recently argued that Congress should do away entirely with FOM requirements. Such a move would further favor credit unions over banks. ... Read full article

Backers say a bill to limit asset growth instead of restricting brokered funds addresses concerns about expanding balance sheets at troubled banks. But skeptics worry it would open the door to greater risk. ... Read full article

The New York commercial bank says geographic diversification is a long-term necessity and that the interplay of its private banking and commercial banking businesses has helped it withstand the economic shock of the coronavirus. ... Read full article

The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending. ... Read full article

The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City. ... Read full article

Neil Dauby, the Indiana company's chief commercial banking officer, will have oversight of all operations, reporting directly to Chairman and CEO Mark Schroeder. ... Read full article

Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank. ... Read full article

Southwest Bancshares in San Antonio will have assets of $1.5 billion when it absorbs two affiliated banking companies in nearby cities. ... Read full article

The court's decision not to consider an appeal from the American Bankers Association is likely to be the last step in a legal saga dating back to 2016. ... Read full article

The Loan Source, the nonbank lender buying the Paycheck Protection Program loans, has similar deals in place with other lenders. ... Read full article