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Paul Davis

Recent Stories from This Author

SunTrust to Buy Multifamily Lending Business
October 20, 2016 SunTrust Banks in Atlanta has agreed to buy the multifamily lending business of Pillar Financial in New York.

Independent Bank to Buy Island Bancorp in Mass.
October 20, 2016 Independent Bank in Rockland, Mass., has agreed to buy Island Bancorp in Edgartown, Mass.

Equity Bancshares to Buy Prairie State in Kansas
October 20, 2016 Equity Bancshares in Wichita, Kan., has agreed to buy Prairie State Bancshares in Hoxie, Kan.

Is North Carolina Next in Line for Tennessee's Pinnacle?
October 20, 2016 The company believes it is done making acquisitions in its home state. The next phase of growth will likely involve deals and...

Opus to Split Credit Oversight Given 3Q Loss, Chargeoff Spike
October 20, 2016 The California company plans to hire a second chief credit officer to specify monitor commercial lending and specialty lines....

East West Reports Higher Profit on Loan Growth
October 19, 2016 East West Bancorp in Los Angeles reported higher quarterly profit that reflected balance sheet growth and lower taxes.

Regions Buys Affordable-Housing Syndication Business
October 17, 2016 Regions Financial in Birmingham, Ala., has bought a business that manages low-income housing tax credits.

Opus Shares Plummet on 3Q Loss Warning
October 17, 2016 Opus Bank in Irvine, Calif., said Monday that it expects to report a third-quarter loss of 5 cents a share, reflecting $38.8...

Northwest Bancshares in Pennsylvania to Buy Insurance Agency
October 17, 2016 Northwest Bancshares in Warren, Pa., has agreed to buy Winans Insurance & Employee Benefits in Warren.

WSFS Buys Wealth Manager in Philadelphia
October 17, 2016 WSFS Financial in Wilmington, Del., has bought the assets of West Capital Management in Philadelphia.

Berkshire Hills in Mass. to Buy Wealth Management Firm
October 6, 2016 Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy the assets and certain liabilities a wealth management firm in...

Salem Five Cents to Buy Georgetown Bancorp in Mass.
October 6, 2016 Salem Five Bancorp has agreed to buy Georgetown Bancorp in a deal that will combine two Massachusetts banks.

Umpqua in Ore. Hires Exec to Form Corporate Banking Business
October 5, 2016 Umpqua Holdings in Portland, Ore., has formed a corporate lending office and hired Richard Cabrera to oversee it.

Iberiabank in La. Buys Small Stake in Black-Owned Bank
October 5, 2016 The $20 billion-asset Iberiabank said in a press release Wednesday that it invested $1.5 million for a less than 5% stake in...

First Community in Va. Sells Four Insurance Offices
October 5, 2016 First Community Bancshares in Bluefield, Va., has sold four insurance offices.

East West Bancorp in Calif. Taps New President
October 5, 2016 The $33 billion-asset company said in a press release Wednesday that Gregory Guyett had also become its chief operating officer.

First Business Financial in Wis. Parts Ways with Alterra Bank Chief
October 5, 2016 First Business Financial Services in Madison, Wis., is looking for a new leader for its bank.

Standard Chartered in U.K. Poaches Texas Banker for Key U.S. Post
October 4, 2016 Standard Chartered in London has hired a key executive from Independent Bank Group in McKinney, Texas, to oversee its U.S....

Home in Arkansas Close to Buying Unnamed Florida Bank
October 3, 2016 The $9.6 billion-asset company disclosed in a recent regulatory filing that it has a letter of intent to buy an unnamed...

First Commonwealth in Pa. to Buy DCB Financial in Ohio
October 3, 2016 First Commonwealth Financial in Indiana, Pa., has agreed to buy DCB Financial in Lewis Center, Ohio, for $106 million in cash...

Banks are just as vulnerable to the kind of nation-state cyberattack Yahoo suffered, and can avoid some of the mistakes it made, says Samuel Visner of the consulting firm ICF and an adjunct professor at Georgetown University.