Organizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.
FNB Bancorp in Utah, which is being sold to Glacier Bancorp, decided that the Montana bank's decentralized model would save jobs and give its management team more autonomy.
Credit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer.
The Montana company will more than double its assets in Utah when it buys FNB Bancorp.
The Salt Lake City bank said consumer loans rose 7% from a year earlier. That was one of its several quarterly highlights.
The student loan servicer called the move a "temporary step back" in what it had expected to be a lengthy process.
Zions is streamlining its 500 deposit products as part of a massive core conversion, and its female executives are leading the effort.
Varo Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC.
The OCC required the company to raise more capital and complete a CRA plan. Varo Bank still needs FDIC and Fed approval before opening.
The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.
