News Topic: Lending

The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million. ... Read full article

The Minnesota company's profits rose by double digits despite some challenges in the second quarter, and its CEO says it will be expanding its digital offerings to simplify banking for customers. ... Read full article

Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A. ... Read full article

Banks are more established organizations that cannot afford to take the same shortcuts and risks as startups do in fintech development, executives said. ... Read full article

An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares. ... Read full article

Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year. ... Read full article

While CEO Joseph Ficalora believes acquiring other banks would solve his company's funding issues, outsiders say its culture needs to change. ... Read full article

What does holistic digital transformation look like? Tim Spence is busy figuring that out. ... Read full article

Sageworks, a financial services software firm that provides institutions with lending and risk solutions, is being sold to Silicon Valley-based Accel-KKR. ... Read full article

Consumers who regularly pay their bills on time for things such as their cable and mobile phones should be able to build their credit histories. ... Read full article

The company, which reported a slight decline in loans, lowered its expenses during the first quarter. ... Read full article

Its decision to hire a consultant to trim expenses highlights the difficulty regionals face in making long-term technology investments in a low-growth era. ... Read full article

The Arkansas company's revenue increased largely due to its 2017 purchase of Stonegate Bank. ... Read full article

The Cleveland bank's CIO, Amy Brady, said it had to start replacing legacy systems now to position itself as a leader in the future. ... Read full article

Year to date Sep. 30, 2017. Dollars in thousands. ... Read full article

New research conducted by SourceMedia Research/American Banker and commissioned by Fiserv highlights consumers’ need and desire for better short-term lending options from their financial institutions ... Read full article

The Massachusetts bank — and former credit union — bought Cumberland County Mortgage in Maine. ... Read full article

Meta expects to originate $500 million to $1 billion in personal loans as part of a three-year partnership with Liberty Lending in New York. ... Read full article