A community bank in Virginia thought the $2.4 million hackers stole from its customers would be fully covered by its insurance policy, but its carrier begged to differ. Their highly technical legal fight is a cautionary tale for all bankers who assume they ... Read full article
Aquesta Financial Holdings expects to record a post-tax gain of $1.7 million from the sale of its insurance business. ... Read full article
Some continue to doubt there will be a premium cut, while others say there's no telling which way Brian Montgomery will go. ... Read full article
Nearly a third of the company's revenue will come from noninterest income after it buys SCB, which owns a large insurance and farmland management business. ... Read full article
BB&T is buying Regions Financial's insurance business. That made the timing right for its retail broker to undergo a name change, the company said. ... Read full article
The Massachusetts bank agreed to buy Fabri & Rourke, which focuses on commercial insurance products. ... Read full article
RIchardson & Stout, which is based in western New York, is the 16th insurance business that Evans has bought or agreed to buy. ... Read full article
The insurance giant said it would need to make a “significant additional investment” to gain scale and be competitive. It has hired an investment banker to help it unload deposits and loans. ... Read full article
MetLife and Prudential exceed expectations; cybercurrency desk will trade contracts linked to the digital currency’s value. ... Read full article
Anderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services. ... Read full article
Domenick & Associates also specializes in serving social service organizations. ... Read full article
The San Antonio company said that it has scaled back its exposure to energy loans in favor of a greater emphasis on loans of less $10 million. ... Read full article
The Cleveland company acquired the business through its 2016 purchase of First Niagara Financial Group. ... Read full article
The insurance company has made no effort to shrink or simplify since being designated as systemically important, and regulators should not remove heightened federal oversight until it does. ... Read full article
The mutual has agreed to buy Cape Ann Insurance, which specializes in personal insurance products. ... Read full article
Associated Banc-Corp has agreed to buy an insurance broker in Milwaukee after unveiling agreements to buy a community bank last summer and a Chicagoland wealth management firm in the fall. ... Read full article
Three senators have unveiled a bill that would allow captive insurance companies to regain full membership in the Federal Home Loan Bank System. ... Read full article
Colonial Savings founder James S. DuBose died after a yearlong battle with cancer. He was 93. ... Read full article
The San Francisco bank will immediately begin winding down its marketing of personal insurance products and plans to exit the business for good during the first quarter of next year. ... Read full article
The Cincinnati company has agreed to acquire Epic Insurance Solutions in Louisville, Ky., as it continues to build out its fee-based lines of business. ... Read full article
