Washington DC

Skip Hove, former FDIC acting chairman and Nebraska banker, dies at 84


Hove, who spent 11 years on the Federal Deposit Insurance Corp. board, was the agency's acting chairman three different times during the 1990s. He held several jobs in banking, including chairman and CEO of Minden Exchange Bank & Trust, which had been led by his father.


VisionBank team scraps plan for new Washington bank


Melinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort.


Senate clash over SBA unit's powers puts agency's budget in doubt


A fight between Democrats and Republicans over a proposal to let the SBA’s Office of Advocacy challenge rulings made by other government agencies is threatening to hold up funding for small-business loan guarantees.


Eagle back in damage-control mode amid ethics investigations


The Maryland bank has to show that it can once again overcome accusations of possible misdeeds — this time tied to a political corruption probe. And there may be other problems.


Forgotten SBA loan program gets new life


As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.


Virginia to open first new bank since financial crisis


Trustar Bank is set to debut in northern Virginia in July.


Former Bank of Georgetown execs plan new bank in Washington


Founders Bank is the latest de novo effort that will target the nation's capital.


New leadership, same aversion to M&A


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, and the man who will replace him, have other plans.


Top trade group exec defects from ICBA to CUNA


Chris Lorence, a former marketing official at the Independent Community Bankers of America, is the Credit Union National Association's latest recruit from other financial services trade groups in recent years.


Accountants cite banker burnout in calling for delay of new standard


The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets.