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Banks issued at least $12.3 billion in subordinated debt last year, far more than what they issued in any year since the financial crisis. A big factor is investor demand, which has been stimulated by a need for higher-yielding holdings.
April 30 -
A bipartisan coalition of lawmakers is pushing the Obama administration to nominate someone with community banking experience to the Federal Reserve Board.
April 30 -
The Federal Deposit Insurance Corp. claims that reports of the impending death of community banks are greatly exaggerated. Historical data tells a different story.
April 30
Floridian Financial Group in Lake Mary, Fla., is merging its subsidiaries, Orange Bank of Florida in Orlando and Floridian Bank in Daytona Beach, under the Floridian Bank name.
The $375 million-asset company is also relocating its headquarters to Daytona Beach.
The company has received regulatory approval to consolidate its two bank charters into one bank starting Thursday, said Thomas Dargan Jr., the president and chief executive officer of Floridian Financial Group, in a press release.
"By combining our operations into one bank, we give our customers and shareholders a stronger and more competitive financial institution," explained Dargan.
The Orange Bank of Florida offices will be rebranded in October.
