News Topic: Growth strategies

The Delaware plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels. ... Read full article

The family that owns KleinBank negotiated for employee incentives for nonrelatives and retention awards as part of the Minnesota bank's proposed sale to Old National. ... Read full article

Toyota Financial Services has promoted a company insider to replace Mike Groff, who is retiring at the end of this month. ... Read full article

Tekalign Gedamu, who would chair Marathon International Bank, says that Zekarias Tamrat is bad-mouthing the de novo effort following his dismissal and a subsequent payment disagreement. Tamrat was slated to be the bank's president. ... Read full article

Tory Nixon, who became Umpqua's chief banking officer this spring, is trying to drive more customers to use mobile banking (only 15% do so now industrywide) without alienating them in the process. ... Read full article

Loan growth accelerated for those in our annual ranking of banks with assets of $10 billion to $50 billion. See which of these 65 regionals are the best performers. ... Read full article

Depending on the asset class, about 11% to 18% of earnings per share came from tax savings. The looming question is how do they top themselves in 2019 when tax rates don’t change like they did this year. ... Read full article

Despite ongoing industry consolidation, the company still expects to have at least 10 chances each year to buy another bank. ... Read full article

The credit union, which plans to keep all of Oculina Bank's employees, will also provide more products and services. ... Read full article

Richwood Bancshares will get closer to $1 billion in assets after it buys Home City Financial. ... Read full article

The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares. ... Read full article

The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions. ... Read full article

The $26 million acquisition will allow Summit to enter two new counties in its home state. ... Read full article

The Mississippi company will also gain its first branches in southern Georgia as part of the $80 million deal. ... Read full article

The $2.9 billion deal is the Georgia company's first traditional whole-bank acquisition since 2006. It is also the year's second-biggest bank acquisition. ... Read full article

Green's sale follows a dedicated effort by its management team to purge its energy porfolio. ... Read full article

First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal. ... Read full article

Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from? ... Read full article