An Iowa savings bank already in a definitive agreement to sell is
Iowa Bancorp, a $25 million-asset company that owns Iowa Savings Bank,
But this month Chiplease Inc., which holds a 9.91% stake in Iowa
"We're taking a look" at the new offer, said Iowa Bancorp president and
Philip Curley, a Chicago attorney representing Chiplease, a
Chiplease - which coincidentally owns 1% of First Midwest - does not
James Haahr, chairman, president and chief executive of $260 million-
At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
