The specter of CECL looms over banks’ 1Q calls
With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital. ... Read full article
With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital. ... Read full article
Gateway Mortgage Group’s dream of being a national, diversified financial services player will hinge on its effort to turn a community bank into an online-only platform. ... Read full article
The companies had planned to make Chemical CEO David Provost the new leader before October's market gyrations led them to break off talks. When they revisited the deal, several things changed — including Provost's role. ... Read full article
The Montana company agreed to buy Heritage Bancorp for $241 million. ... Read full article
Alliance Bank Central Texas may have found a way around National Credit Union Administration regulations that make it difficult for banks to buy credit unions. ... Read full article
The first quarter has been sluggish for overall merger activity. Still, hear are the notable deals announced in March. ... Read full article
Bank of Montreal is getting about half of its U.S. business from outside the company's Midwest stronghold, thanks to a commercial-banking push, Chief Executive Darryl White said. ... Read full article
Sure, M&A is a good option, but so are branch deals or key hires, say two veteran bankers who shared some of their successful strategies at American Banker’s Retail Banking Growth Stories conference. ... Read full article
Paul, one of American Banker's Community Bankers of the Year in 2012, made Eagle a formidable Washington-area institution. ... Read full article
Big banks’ edge lies in their sizable presence in faster-growing cities, not any unfair structural or regulatory advantages, according to a new report by the Bank Policy Institute, which represents large financial services companies. Community banks beg to ... Read full article
Christopher Becker will succeed Michael Vittorio in January. ... Read full article
More than 20 banks have been sold to credit unions. A prominent banking lawyer made the case at this year's ICBA convention that banks can become more aggressive acquirers. ... Read full article
It took less than six months to hammer out the biggest bank merger in more than a decade, and the price was one of the last things discussed, according to a new federal filing. ... Read full article
John Quill, a former deputy comptroller, had a key role deciding which banks could participate in the Troubled Asset Relief Program. ... Read full article
The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank. ... Read full article
Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania. ... Read full article
The company will open its first office in Iowa after buying the business from Bankers Trust. ... Read full article
Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank. ... Read full article
FNB Bancorp in Utah, which is being sold to Glacier Bancorp, decided that the Montana bank's decentralized model would save jobs and give its management team more autonomy. ... Read full article
Steans, a former LaSalle Bank chairman who also led the financial crisis recapitalization that saved Taylor Capital, died on Tuesday. He was 83. ... Read full article