News Topic: Hurricane Harvey

Every year communities are hit by hurricanes, earthquakes, tornadoes and other disasters. These banks have found novel ways to take care of customers and employees in those emergencies. ... Read full article

With hurricane season just weeks away, bankers from coastal markets share the hard lessons learned after the storms that belted Florida, the Gulf Coast and elsewhere last year. Their advice can be applied in all kinds of emergencies. ... Read full article

A plan to bring in banks was created right after last summer’s hurricane devastation, but the magnitude of those storms, government dawdling on the issue and lenders’ reluctance to participate are key reasons zero loans have been made under the program. ... Read full article

Bank consolidation in the city has picked up in recent months despite erratic oil prices and flooding tied to Hurricane Harvey. ... Read full article

Tax reform caused Fannie Mae to burn through retained earnings that had been approved just two months ago and to post a fourth-quarter loss. CEO Timothy Mayopoulos argued it was a one-time event that overshadowed strong fundamentals. ... Read full article

American Banker comprehensively covered the impact hurricanes Harvey, Irma and Maria had on banks and their customers, including on-the-ground reporting and analysis. ... Read full article

The energy crisis, hurricane damage and merger costs have hampered earnings per share at the Louisiana bank, and its CEO has to clear those hurdles and convince investors steady growth is ahead. ... Read full article

Consumers’ desire to shop online is creating huge demand for distribution centers and forcing property owners to think creatively about redeveloping vacant retail space. Meanwhile, hundreds of billions of dollars will be spent rebuilding areas hard hit by ... Read full article

American Banker reporter Kevin Wack traveled to Texas to assess the damage of the hurricane first-hand, talking to bankers about the impact on their businesses, customers and lives. Here's what he found. ... Read full article

The pilot could help the agency improve its image after past criticism of slow responses to catastrophes. ... Read full article

The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities. ... Read full article

Fannie Mae servicers are facing pressure from the recent hurricanes, but so far are bearing up under the strain. ... Read full article

A securities settlement, portfolio asset sales and greater interest among smaller lenders helped Freddie Mac compensate for potential losses from the catastrophic hurricane season. ... Read full article

The Alabama bank's provision for loan losses rose 59%, but it still reported an 8% increase in 3Q profits thanks to stronger margins and fee income. ... Read full article

The hurricanes destroyed hundreds of thousands of cars, and banks are significantly boosting their reserves in anticipation of higher defaults on auto loans. But there is also a silver lining for auto lenders. ... Read full article

Harvey slammed the Houston area this summer, but Prosperity Bancshares' profit dropped only slightly in the third quarter, and it described the financial impact as "manageable." ... Read full article

The Salt Lake City bank reported strong 3Q results despite unexpected expenses tied to hurricane damage in its Texas market, and it vowed to stay on track in meeting its cost-savings goals. ... Read full article

Under a joint order, lenders still have to document the value of properties in storm-affected regions, but they will not have to depend on appraisers. ... Read full article