new york

Seneca-Cayuga Bancorp in N.Y. set to accept municipal deposits


The mutual holding company received regulatory approval to form a limited-purpose commercial bank, allowing it to work around a state law barring mutuals from working with municipalities.


Former community bank CEO returns to legal profession


Paul Aguggia, a lawyer before leading Clifton Bancorp, has become a partner at Holland & Knight in New York.


New York Community's profits fall on rising deposit costs


Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds.


Bridge in N.Y. to take 3Q hit after alleged customer fraud


The company will record a quarterly charge after reporting potential fraud tied to commercial deposit accounts.


BB&T makes first fintech foray in bid to boost digital banking


Bennett Bradley, BB&T's chief digital officer, discusses how an investment in Enigma, which helps companies leverage data, fits within the regional bank's fintech strategy.


John Kanas to retire from banking — again


Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year.


Smaller banks draw more attention from market sophisticates


Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections.


Proposed N.Y. de novo has lofty capital goal and ambitious growth plan


Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities.


Amalgamated chief's goal after IPO: Create a nationwide bank


Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles.


Group with East West ties applies to open bank in New York


The proposed Piermont Bank would be based in Midtown Manhattan. It is the second de novo being planned in New York.