Veterans aren’t getting the loans they need to start a business
Entrepreneurship among veterans has been declining over the past 20 years, according to a report by the SBA and the New York Fed. ... Read full article
News Topic: Growth strategies
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Parkway in western Virginia lines up next CEO
Blake Edwards Jr. will take the helm at the parent of Skyline National Bank when J. Allan Funk retires next month. ... Read full article
Blue Ridge Bankshares hires CEO for N.C. bank
The Virginia company said that Carolina State Bank is on pace to open later this month. ... Read full article
First Bancshares entering New Orleans with FPB acquisition
The Mississippi company will pay $86 million for seven branches with $318 million in deposits. ... Read full article
Window may be closing for small banks to compete for small business
Big banks and fintechs are aggressively adding digital capabilities to process applications quickly, creating a sense of urgency for community banks. ... Read full article
BankUnited gets FDIC approval to sell portfolio of covered loans
The $263 million portfolio has been covered by a loss-share agreement since an investor group bought the failed BankUnited in 2009. ... Read full article
BankUnited to sell portfolio of covered loans to the FDIC
The $263 million portfolio has been covered by a loss-share agreement since an investor group bought the failed BankUnited in 2009. ... Read full article
Enterprise entering New Mexico with Trinity Capital purchase
The Missouri company will pay $213 million for the largest bank in Los Alamos, N.M. ... Read full article
N.Y. bank raises $16M to expand in adjacent markets
Orange County Bancorp has identified two neighboring counties for expansion. ... Read full article
Peoples in Ohio to enter Ky. with First Prestonsburg acquisition
The $45 million purchase will provide Peoples with eight branches and $244 million in deposits. ... Read full article
Horizon in Indiana lines up $135M deal in its home state
The acquisition will increase Horizon’s core deposits and add branches around Indianapolis. ... Read full article
An Iowa bank’s mandate for selling itself: Simplify
ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer. ... Read full article
Will small regionals copy Cullen/Frost's expansion plan?
Big banks have plans to open hundreds of branches in new markets to add deposits, but smaller regionals have largely sought to hold the line on costs. Cullen/Frost Bankers' decision to double its branch count in Houston may be a sign that midsize ... Read full article
Puerto Rico's biggest bank finds ways to grow as island population shrinks
Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria. ... Read full article
Mercantil Bank in South Florida to rebrand as Amerant
The change comes two months after the bank was spun off from its Venezuelan parent company. ... Read full article
ABA urges core providers to do more for community banks
The association has invited FIS, Fiserv and Jack Henry to join a committee tasked with helping smaller institutions modernize technology. ... Read full article
State Street fails to reassure markets on costs
The custody bank was very profitable, and it raised its cost-saving forecast for year-end, but its nearly 3% increase in third-quarter noninterest expenses prompted an investor backlash. ... Read full article
First Commonwealth in Pa. hires state politician to become regional president
David Reed, a Republican, is stepping down as a state legislator after redistricting cost him a shot at a congressional seat. ... Read full article
Missing chapter from Comerica’s turnaround story: Loan growth
The Dallas bank has picked a bad time to shift from cost-cutting to expansion as big banks are in a commercial ending funk. ... Read full article
First Interstate bulks up in Idaho with two bank acquisitions
The Montana company will spend $200 million to buy Idaho Independent and Community 1st Bank. ... Read full article