News Topic: Regional banks

The value of CIBC's offer for PrivateBancorp in Chicago had dropped by $3 per share as of late last week due to the decline in CIBC’s stock price in recent weeks, one shareholder advisory firm said ahead of a shareholder vote next week. Another ... Read full article

The New Jersey company's profit growth was constrained by an 11% increase in compensation and benefits and an 85% jump in consulting fees tied to compliance and other issues. ... Read full article

The Sun Belt lender also increased fee income and kept expenses down in the first quarter. ... Read full article

Forecasts for better times ahead in banking have sellers wanting more and buyers pursuing less. ... Read full article

The Wisconsin regional's profits rose 35% in the first quarter on healthy loan growth, wider margins and an improved efficiency ratio while saying its "satisfactory" CRA rating had been restored. ... Read full article

In an interview, CEOs for midsize banks said they are hopeful for a bipartisan Dodd-Frank Act reform bill that eases regulatory requirements for institutions with assets of more than $10 billion. ... Read full article

In his annual letter to shareholders, M&T Bank chief Robert Wilmers laid out in compelling detail how government policies intended to protect American families have ultimately stymied economic growth. ... Read full article

Because the fates of banks and the communities they serve are so intertwined, the regulatory impacts borne by regional banks are inextricably linked to the repercussions experienced by their customers. ... Read full article

Creative growth strategies are helping banks with $10B to $50B of assets — including Webster and TCF — improve profitability. These ‘tweeners’ deal with tougher regulations than smaller competitors without the scale larger ones have to absorb the expense. ... Read full article

The recent decision by the Federal Reserve Board to exempt banks with less than $250 billion in assets from the qualitative aspects of the CCAR stress tests may be a sign of things to come, says Joo-Yung Lee, head of North American financial institutions ... Read full article

Critics of Dodd-Frank argue that post-crisis regulations put a damper on lending. But loan growth at regional and community banks has "actually been very strong," says Joo-Yung Lee, head of North American financial institutions at Fitch Ratings. ... Read full article

By partnering with matchmaking platform Opportunity Network, Citizens will be able to better connect corporate clients to deals worldwide. ... Read full article

Acquisition pushes quarterly revenues past $1 billion for first time ever. ... Read full article

Add package pickup to the growing list of things banks are doing with branches as foot traffic declines. ... Read full article

The New York bank weathered headwinds in its taxi-medallion portfolio to post double-digit growth in earnings and net interest income during the fourth quarter. ... Read full article

The rally in bank stocks since Donald Trump's surprise victory in November has minted a new billionaire banker ahead of Friday's inauguration: M&T Bank CEO Robert Wilmers. ... Read full article

Improved credit quality also helped compensate for flat loan growth at the Dallas bank. ... Read full article

Wells Fargo faces an economic environment that may not be particularly suited for the way the bank is structured. Also: are you brave enough to make bitcoin a part of your retirement portfolio? ... Read full article