Chris Cumming

Recent Stories From this Author

Freedom Bank of Va. Extends Offering Deadline
November 26, 2014 The Freedom Bank of Virginia has extended the deadline for its $4 million stock offering in response to investors' requests...

Taboo May Be Ending for Dividend Payments to Bank Parents
November 25, 2014 Two community banks recently were permitted to transfer cash to their holding companies. It could be a sign that regulators...

UMB's Fee Revenue Providing Flexibility for Pricing, Selecting Loans
November 19, 2014 UMB Bank's strong fee revenue and cheap deposits give it leeway to compete on loan pricing, employing a strategy often used by...

Banc of California Chief on Handling Fast Growth, CRA Protests
November 18, 2014 Steven Sugarman, chief executive at Banc of California, recently completed a large branch acquisition after a public battle...

Victim of Loan Scam Presses USDA for Repayment, Reform
November 11, 2014 Pennant Management, which says it bought $179 million in bogus USDA-backed loans, claims the agency put up barriers to...

Banks' Derisking Extends to Prime Brokerage
November 10, 2014 Prime brokerage clients (read hedge funds) are the latest kind of customer being cut loose by banks as they curtail business...

CertusBank Founders File New Lawsuit Against Investor
November 4, 2014 The ousted founders of CertusBank in Greenville, S.C., have filed a new lawsuit against a hedge fund investor.

OFG in Puerto Rico Mulls Mainland Deals
November 3, 2014 Puerto Rico's economy has been in disarray for eight years, and it's taken many banks down with it. OFG weathered the...

CertusBank Founders' Defamation Lawsuit Tossed
November 3, 2014 A federal judge has dismissed a lawsuit by the founders of CertusBank that claimed they were fired as part of a racist...

CertusBank Reports $15M Third-Quarter Loss
October 31, 2014 The $1.5 billion-asset bank lost $15 million in the third quarter, its twelfth straight quarterly loss, according to a Federal...

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