Bridge Bancorp in N.Y. to add activist to board
A representative from Basswood Capital will become a director in May. ... Read full article
A representative from Basswood Capital will become a director in May. ... Read full article
Amalgamated's purchase of New Resource Bank is part of a broader strategy to enter more U.S. markets. ... Read full article
Five years have passed since M&T agreed to buy Hudson City, only to be tripped up by anti-money-laundering issues. With a clean bill of health from regulators and Hudson integrated, management is again talking about its interest in deals. ... Read full article
New York Venture Bank would be run be a former Square 1 executive and would feature former CFPB deputy director Raj Date on its board. ... Read full article
Carver Bancorp, which has spent 70 years serving minorities in Harlem and surrounding neighborhoods, is struggling to turn a profit. As black-run banks nationwide struggle to stay afloat, Carver's CEO insists the institution is on the right track. ... Read full article
The company, which had launched an at-the-market offering in late May, plans to use the proceeds for organic growth. ... Read full article
Bridge Bancorp, which plans to rebrand is bank as BNB Bank, also plans to boost 2018 profit by $3.3 million by closing 14% of its branches. ... Read full article
In his first major move as CEO, Charlie Scharf has made several management changes at Bank of New York-Mellon. ... Read full article
Sterling Bancorp in New York is determined to turn Astoria Financial's largely residential operation into a commercial powerhouse. While investors are skeptical, CEO Jack Kopnisky has proven in the past that such an ambitious plan is doable. ... Read full article
Most of Sterling Bancorp's operations are in San Francisco and Los Angeles. The company plans to use some of the $93 million it will raise to expand in New York and Seattle. ... Read full article
Evans Bancorp in New York believes the business is ill-suited for community banks and that it can draw unwanted attention from regulators. ... Read full article
Strong loan growth at the Miami Lakes, Fla., company more than offset an increased loan-loss provision tied to Hurricane Irma and continued weakness in taxi medallion lending. ... Read full article
Growth in asset servicing offset declines in fees from foreign exchange and depositary receipt activity. ... Read full article
Financial Institutions will incorporate Robshaw & Julian into another firm it bought early last year. ... Read full article
The New York company, which is preparing to buy Astoria Financial, reported year-over-year increases in commercial-and-industrial and commercial real estate loans. ... Read full article
The Cleveland company, once criticized for an initial six-year forecast, now believes it will only take four years to rebuild its tangible book value. ... Read full article
While industry consolidation remains slow compared with previous years, certain regions are humming along with strong volume and improved pricing. Here’s a look at each region based on June 30 data from KBW and S&P Global Market Intelligence. ... Read full article
PwC reports a modest improvement in its gender pay gap. A study finds a big gender pay gap in the U.K’s financial services industry. Plus, female founders speak out about sexual harassment and explain why they kept quiet before. ... Read full article
ES Bancshares, which recently sold a branch near Poughkeepsie, is planning to add locations in Brooklyn and Staten Island. ... Read full article
Amid a sharp rise in delinquencies, Signature may try to sell all or parts its $603 million taxi medallion loan portfolio. ... Read full article