The regional bank has begun closing branches in Chicagoland as part of a plan to reduce its net number of brick-and-mortar offices by up to 15% even as it looks to expand in the Southeast. ... Read full article
The New Jersey bank is entering a business dominated by larger players. In doing so, it could create a blueprint for other small banks. ... Read full article
The company has agreed to buy Trinity Bancorp for $27 million in cash and stock. ... Read full article
Santander Bank and Santander Consumer USA have put many problems behind them in recent years under CEO Scott Powell, but he still has a Federal Reserve enforcement action to resolve and is negotiating with Fiat Chrysler to preserve a crucial auto lending ... Read full article
Midsize banks are more profitable overall than both their smaller and larger counterparts, and the strategy that some of the best performers in this group use to stand out is specialization. ... Read full article
Midsize banks are more profitable overall than both their smaller and larger counterparts, and the strategy that some of the best performers in this group use to stand out is specialization. ... Read full article
The bank will have about $1 billion in assets after it acquires Lighthouse Bank, which is also based in Santa Cruz. ... Read full article
SunTrust CEO Bill Rogers on Thursday explained the direction he and BB&T chief Kelly King are going with the new name, but gave no hints on what it is or when it will be unveiled. ... Read full article
Speaking at a conference on Wednesday, CFO Howell McCullough mostly ruled out a merger of equals as a growth strategy for the $108 billion-asset Huntington. ... Read full article
More businesses are considering moving away from cash and checks, according to a recent survey by Citizens. That should be a wake-up call to smaller institutions, said Michael Cummins, who oversees treasury solutions at the regional bank. ... Read full article
Anthony DeChellis’ strategy for staying relevant in a competitive metro market is a little odd — rebuild the private banking business his predecessor shrank — but observers say he might be the executive who can pull it off. ... Read full article
While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed. ... Read full article
The company agreed to buy Charter Bank, which has four branches and $161 million in assets. ... Read full article
Banesco USA agreed to buy Brickell more than a year after Banco Espirito tried to sell the Miami bank to a Swiss financier. ... Read full article
Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares. ... Read full article
Heritage will have 17 branches around San Francisco when it completes the $200 million acquisition. ... Read full article
Under the Treasury Department's Financial Agent Mentor-Protégé program, JPMorgan Chase is advising two black-owned banks on working with the agency in ways that could boost their fee income. ... Read full article
The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line. ... Read full article
The proposed merger will create a bank with more than $1 billion in assets. ... Read full article
Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week. ... Read full article
