News Topic: Growth strategies

Four months into the job, Charles Shaffer has struck a deal for Legacy Bank of Florida and is eyeing more acquisitions. His predecessor, Dennis Hudson III, built Seacoast with more than a dozen buyouts across the Sunshine State. ]] ... Read full article

Some institutions have experimented with cash-based rewards to kick-start membership growth, but it's unclear whether the strategy will be widely adopted. ]] ... Read full article

The $235 million acquisition will bring CEO Jared Wolff's company a trove of cheap deposits and the chance to slash costs without having to significantly change its business model. ]] ... Read full article

The company agreed to buy Legacy Bank of Florida for $102 million. ]] ... Read full article

Smith Shellnut Wilson has managed Business First's investment portfolio since the bank was formed 15 years ago. ]] ... Read full article

Banc of California, which last bought a bank in 2013, has agreed to pay $235 million in stock in this in-state deal. ]] ... Read full article

UMB Financial’s success in aviation financing has boosted fee income, and the Missouri company has opened an office in Dublin — a hub for airplane sales and leases that could get busier as the airline industry restructures. ]] ... Read full article

The de novo, which raised $33 million in initial capital, will become the state's third new bank since the 2008 financial crisis. ]] ... Read full article

The Florida bank will expand to the east with its pending purchase of Hillsboro Bank. ]] ... Read full article

Keith Costello, who is looking to form Locality Bank, was president and CEO of First Green Bank when it was sold in 2018. ]] ... Read full article

First Internet CEO David Becker used to be dismissive of the Small Business Administration. But after getting to know some of the borrowers during the pandemic — and after his bank collected hefty fees from selling 7(a) loans — he's become a convert. ... Read full article

The company will pay $29 million for Town-Country National Bank in Camden, Ala., which will operate as its own subsidiary after the deal closes. ]] ... Read full article

The Indiana company said the move reflects a need to cut costs and customers' increased preference for digital channels. ... Read full article

The $21 million deal would combine Feather River Bancorp, a small bank with deep local roots, and Plumas Bancorp, which has deeper pockets and a broader array of products and services. ... Read full article

The social media platform skews toward a more youthful demographic, while credit unions' average member age has been stuck in the late 40s for decades. But even institutions that use it have concerns about security. ... Read full article

The Delaware company would remove a rival, gain scale in affluent Philadelphia suburbs and accelerate its transformation from a branch-heavy lender to a digital-first bank with the $976 million acquisition. ... Read full article

Indiana Members CU will expand its reach later this year following completion of a proposed combination with Members Choice FCU. ... Read full article

The Delaware company's pending purchase will create a bank with $43 billion of assets under management. ... Read full article