new york

Four de novo organizers settle on their banks' names

05/31/18

A group in North Carolina has finally gone public with its brand, and three other de novos have already been rebranded.

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N.Y. bank seeks charter to serve municipalities

05/30/18

Seneca-Cayuga Bancorp wants a limited-use charter to maneuver around a New York law that bars mutuals from working with municipalities.

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Credit unions are bulking up via M&A — and banks are nervous

05/16/18

Bigger credit unions present a formidable challenge for banks in areas such as business lending.

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Evans Bancorp in N.Y. buying another insurance agency

05/15/18

RIchardson & Stout, which is based in western New York, is the 16th insurance business that Evans has bought or agreed to buy.

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Municipal CU CEO charged with multitude of financial crimes

05/09/18

Kam Wong, chief executive at the high-profile, $2.9 billion credit union that serves the NYPD, among other municipal workers, has been charged with fraud.

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Five Star parent expands wealth management business with upstate N.Y. deal

05/08/18

Financial Institutions agreed to buy HNP Capital, a wealth management firm near Rochester.

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N.Y. Attorney General Schneiderman resigns after abuse accusations

05/08/18

New York Attorney General Eric Schneiderman said he will step down as the state's highest law enforcement official, hours after a report in which four women accused him of physical violence.

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Auto lending scrutiny: Will states pick up where CFPB left off?

05/07/18

Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.

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Lesson in high-profile foreclosure: Resist temptation to relax terms

05/04/18

Preferred Bank's experience with an apartment developer is a reminder of how important strict underwriting terms will be as loan demand increases, rates rise and lenders try to outdo each other.

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Small bank is using Wells Fargo as a punching bag. It’s a risky move

05/03/18

A New Jersey community bank has launched a campaign that takes digs at the megabank while highlighting its own values. Should others follow its lead?

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