Growth strategies

Maryland banks plan to merge

06/18/20

Delmarva Bancshares, which was on the brink of failure during the financial crisis, will be sold to BV Financial for $54 million.

[more]

Big banks cling to branch expansion plans despite coronavirus shock

06/15/20

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

[more]

Dennis Hudson retiring as CEO of Seacoast in Florida

06/15/20

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

[more]

PNC thinking big, PPP fee fight, FBI's hacker warning: Top stories of the week

06/12/20

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 stories.

[more]

Umpqua elevates insider to oversee its growth strategy

06/11/20

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

[more]

Crane Credit Union to buy Indiana bank

06/11/20

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

[more]

Organizers planning de novo bank in New York City

06/10/20

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

[more]

Former Opus chief leads group behind proposed California bank

06/09/20

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

[more]

Broader PPP forgiveness, Wells bumping its cap, 'no regrets' cost cutting: Top stories of the week

06/05/20

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.

[more]

Banks must shift focus to thrive in extraordinary times

06/05/20

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.

[more]