BCB Bancorp will pay $20 million for Indus American Bank, a New Jersey institution that focuses on the South Asian-American business community. Indus American lost a total of $2.5 million in 2015 and 2016. ... Read full article
Lending and managing money for recording artists and labels can be a profitable niche. But volatile income streams, intellectual property challenges and business model upheaval can trip up the inexperienced. ... Read full article
The New York company, which plans to raise about $40 million by going public, could also use the funds to make acquisitions. ... Read full article
New York Mayor Bill de Blasio and Comptroller Scott Stringer are pushing to prevent the city from hiring Wells Fargo to lead bond sales or handle other banking business until it improves its track record of lending in poor communities. ... Read full article
Financial Institutions in Warsaw, N.Y., has replaced earlier plans for a typical stock sale with an at-the-market program. ... Read full article
The OCC recently gave Sterling a 'satisfactory' rating and said the New York bank had addressed some concerns by the Fed that had leaked to the public and raised questions about its pending M&A deal. ... Read full article
Amid all the bad news this year among taxi-medallion lenders, banks are trying to renegotiate loan terms behind the scenes, and regulatory changes could prop up collateral values and the competitiveness of taxis. ... Read full article
Online lenders are evading New York regulations by claiming their loans are “made” by federally chartered or out-of-state partner banks, Department of Financial Services Superintendent Maria Vullo told lawmakers Monday. ... Read full article
Financial Institutions in western New York withdrew plans to raise $40 million. ... Read full article
The former New Jersey mutual is stepping up efforts to court bigger commercial clients. The move will help Investors diversify its loan book and deploy capital while it is barred from buying banks. ... Read full article
The company also said it believes there are no regulatory obstacles that will derail its planned acquisition of Astoria Financial. ... Read full article
New York’s banking regulator on Friday filed its own individual lawsuit against the OCC's fintech charter, asking the courts to block it. ... Read full article
The Federal Reserve is asking Sterling to address deficiencies tied to its collection, verification and reporting of CRA data from 2014 to 2016. ... Read full article
A tech JV between Live Oak and First Data aims to do for small-business deposits what the bank previously did for lending. ... Read full article
Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter. ... Read full article
The New York company also reported a wider net interest margin and lower noninterest expenses. ... Read full article
The Florida company relied on loan growth and loan sales to offset higher expenses and ongoing issues in its taxi medallion lending operations. ... Read full article
The Buffalo, N.Y., company is filling gaps created when Mark Czarnecki, its former president, died in February after a battle with pancreatic cancer. ... Read full article
The U.S. Supreme Court ordered closer scrutiny of a New York law that bars merchants from imposing surcharges on credit card purchases, giving a group of retailers a partial victory by saying the measure might violate their free-speech rights. ... Read full article
The New York bank will double in size while gaining greater access to Long Island and low-cost deposits that should come in handy as interest rates rise. ... Read full article
