News Topic: Growth strategies

Executives argue the rollouts will largely focus on new markets and work in tandem with digital banking efforts. ... Read full article

Chuck Shaffer will take the helm in January, becoming the first leader outside of the Hudson family since the bank's formation in 1926. ... Read full article

PNC open to deal that would boost assets to $700 billion; banks take hard line against accountants seeking fees for PPP referrals; rush to online banking during coronavirus has hackers salivating, bureau says; and more from this week's most-read ... Read full article

The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana. ... Read full article

The Oregon company tapped Tory Nixon to serve as president of its bank. ... Read full article

The group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide. ... Read full article

Stephen Gordon would become chairman and CEO of Genesis Bank, which is looking to raise $53 million in initial capital. ... Read full article

Big banks call for blanket forgiveness of PPP loans under $150,000; Wells Fargo struggling to stay under asset cap amid pandemic, CEO says; banks are getting aggressive — and creative — to boost profits; and more from this week's most-read stories. ... Read full article

Past is not prologue, and a successful strategy for becoming a top-performing bank in 2020 is very different than it might have been just six months ago. ... Read full article

Stu Lubow, who succeeded Kenneth Mahon, gained more responsibilities. Mahon remains Dime's CEO. ... Read full article

Banks would be wise to dust off their Great Recession playbook and shed nonperforming loans while growing through M&A. ... Read full article

At least four pending deals have been canceled since the economy was locked down to slow the pandemic's spread. With banks' market values falling and loan-loss provisions piling up, more terminations are likely. ... Read full article

Texas Capital said that Keith Cargill had also stepped down as its president and CEO. ... Read full article

Some lenders are issuing debt and preferred stock to provide an extra buffer for credit losses. Others are preparing for growth opportunities. ... Read full article

Mike Maddox will succeed George Jones on June 1. ... Read full article

The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition. ... Read full article

The agreement comes a day after Axos Financial warned that H&R Block was ending their six-year-old partnership. ... Read full article

The Independent Community Bankers of America would not rule out legal action if Congress doesn't address the National Credit Union Administration's recent decision expanding the low-income designation. ... Read full article