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Paul Davis

Recent Stories from This Author

Stonegate to Buy Insignia Bank in Fla. for $37M
August 25, 2016 Stonegate Bank in Pompano Beach, Fla., has agreed to buy Insignia Bank in Sarasota, Fla.

First Defiance to Buy Commercial Savings Bank in Ohio
August 24, 2016 First Defiance Financial in Defiance, Ohio, has agreed to pay $63 million for Commercial Bancshares, the $342 million-asset...

Synovus in Ga. to Buy Specialty Finance Firm
August 18, 2016 Synovus Financial in Columbus, Ga., has agreed to buy Entaire Global Companies in Atlanta.

United in W.Va. to Buy Cardinal in Va. for $912M
August 18, 2016 United Bankshares in Charleston, W.Va., has agreed to buy Cardinal Financial in Tysons Corner, Va.

BancorpSouth's CRA Rating Cut, Bank Deals Still on Hold
August 15, 2016 The Federal Deposit Insurance Corp. has downgraded the Community Reinvestment Act rating for BancorpSouth in Tupelo, Miss.

Investors Bancorp in N.J. Discloses Informal Agreement for BSA, AML
August 15, 2016 Investors Bancorp in Short Hills, N.J., has joined the ranks of banks flagged by regulators for Bank Secrecy Act issues.

Customers in Pa. to Sell $50M in Common Stock
August 12, 2016 Customers Bancorp in Wyomissing, Pa., plans to sell $50 million in common stock.

Farmers Capital in Ky. to Consolidate Banks
August 12, 2016 Farmers Capital Bank in Frankfort, Ky., will consolidate its four banks under a single charter.

First Bancorp in N.C. Forms National SBA Lending Business
August 11, 2016 The $3.4 billion-asset company said in a press release that the division will offer a variety of SBA products.

Valley National Pays Off FHLB Debt, Ends Swap Agreement
August 10, 2016 Valley National Bancorp in Wayne, N.J., has taken several steps to help it navigate through a difficult interest rate...

The Bancorp in Delaware Facing SEC Probe, IRS Audit
August 10, 2016 The Bancorp in Wilmington, Del., is being investigated by the Securities and Exchange Commission for restating more than three...

Old National to Buy Its Corporate Headquarters for $91 Million
August 10, 2016 Old National Bancorp in Evansville, Ind., has agreed to buy its headquarters building and two other branches from a landlord.

Why TIAA's Big Acquisition Should Make Bankers Nervous
August 8, 2016 By buying EverBank Financial, the insurance and retirement savings behemoth will gain billions of dollars in low-cost deposits...

TIAA to Buy EverBank in Florida for $2.5 Billion
August 8, 2016 TIAA in New York has agreed to buy EverBank in Jacksonville, Fla.

MidSouth in La. Gives More Responsibilities to CEO's Son
August 8, 2016 MidSouth Bancorp in Lafayette, La., has named Troy Cloutier, the son of Chief Executive Rusty Cloutier, to run its bank.

U.S. Bancorp Cooperating with Probe of Client's Alleged Payday Lending Scam
August 5, 2016 U.S. Bancorp in Minneapolis is cooperating with a federal investigation of a racecar driver accused of running a payday...

It Won't Be Easy, But Small Banks Finally Have Some Hope
August 5, 2016 Despite ongoing challenges, executives at community banks believe they can boost revenue this year. At the same time, pressure...

Sandy Spring in Maryland Buys Insurance Agency
August 4, 2016 Sandy Spring Bancorp in Olney, Md., said that its insurance unit bought The Advantage Group, which offers personal, business...

WSFS Financial to Buy Investment Adviser in Delaware
August 3, 2016 WSFS Financial in Wilmington, Del., has agreed to buy the assets of Powdermill Financial Solutions in Wilmington.

Quaint Oak in Pa. Buys Insurance Portfolio
August 1, 2016 Quaint Oak Bancorp in Southampton, Pa., has bought the rights to a portfolio of personal and commercial insurance policies.

Will Tech Advances Hurt the Underbanked?
It's long been assumed that technology will help the financially underserved access the banking services they need. Christine Duhaime, founder of the Digital Financial Institute, a fintech think-tank, says this assumption is wrong.