A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal. ... Read full article
The Maryland company agreed to acquire Rembert Pendleton Jackson, which has $1.3 billion in assets under management. ... Read full article
The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas. ... Read full article
Their challenge is creating a viable, profitable product that doesn't get flagged for being predatory. ... Read full article
The Maryland company says two recent deals, including its agreement to buy Revere Bank, gives it the right amount of coverage across Washington's suburbs. ... Read full article
StreetShares, started as a peer-to-peer service for veterans, has added a platform intended to connect small financial institutions and underbanked companies. ... Read full article
First Community Bankshares will buy Highlands Bankshares for $91 million. ... Read full article
Skip Brown, an executive with the the Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application. ... Read full article
Capital One agreed to buy KippsDeSanto, a Northern Virginia company that specializes in advice to the defense and government contracting sectors. ... Read full article
Tussles over risk-based capital have preoccupied the agency of late, but Rodney Hood says he also wants to foster growth of minority-owned institutions and make sure credit unions are taking the hacker threat seriously. ... Read full article
A company that operates mostly in rural markets is finally making a push into the thriving mid-Atlantic markets of Washington and Baltimore with its deal for Old Line Bancshares. ... Read full article
The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million. ... Read full article
Trustar Bank is set to debut in northern Virginia in July. ... Read full article
The Pittsburgh regional, once among the most industry’s most active acquirers, hasn’t bought a bank in more than two years — and it’s in no rush to do so. ... Read full article
Ken Lehman recently bought a block of shares in Village Bank & Trust Financial. ... Read full article
An unusual succession plan at Burke & Herbert Bank raised speculation that Virginia's oldest bank might be interested in buying another institution, for the first time in its history, or even selling to a larger rival. The bank's interim CEO, ... Read full article
A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader. ... Read full article
Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares. ... Read full article
Sure, M&A is a good option, but so are branch deals or key hires, say two veteran bankers who shared some of their successful strategies at American Banker’s Retail Banking Growth Stories conference. ... Read full article
McLean Mortgage is not going forward with a potential acquisition by Congressional Bank of Bethesda, Md., saying reaching an agreement that made sense for all parties wasn't possible. ... Read full article
