News Topic: Ohio

First Mutual Holding is buying the tiny Blue Grass Federal and keeping its charter. The deal allow the seller to save costs and maintain its autonomy. ... Read full article

The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying. ... Read full article

Ancora Advisors also suggested that the company get rid of its current management team. ... Read full article

The Cleveland regional said the matter is tied to a commercial client and that law enforcement is investigating it. ... Read full article

The Cincinnati bank could add about $30 million a year in noninterest income with its deal for the capital markets firm Bannockburn Global Forex. ... Read full article

Eric Meilstrup, who was named president last fall, will succeed Steve Foster as CEO next month. ... Read full article

Stephen Steinour said it was pure conjecture that Huntington was a possible suitor for the Dallas bank if it decides to put itself up for sale at some point. He emphasized Huntington's core-growth strategy and upbeat economic signs from consumers and ... Read full article

The bank is investing more in its digital capabilities, according to The Cincinnati Enquirer. ... Read full article

A big decrease in noninterest income outweighed cost controls during the first quarter. ... Read full article

The company warned that the move will likely reduce its first-quarter profit by $8 million. ... Read full article

Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania. ... Read full article

Superior is the latest credit union to announce an acquisition involving a bank. ... Read full article

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes. ... Read full article

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages. ... Read full article

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner. ... Read full article

Heartland BancCorp received the funds through a private placement to invest in several possible expansion options. ... Read full article

Bankers complain that the quasi-governmental system's new program designed to make more residential loans in four states goes well beyond its original mission. ... Read full article

The $45 million purchase will provide Peoples with eight branches and $244 million in deposits. ... Read full article