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The Northeast has always been a competitive market for deposit gathering. Loan growth and the potential for rising interests are forcing banks in the region to find new ways to bring in low-cost liquidity.
February 26 -
Prosper Marketplace, an online lender for consumer loans, has found a new source of referrals: community banks.
February 26 -
The $493 million-asset company bought back its remaining shares for $3.1 million, a 1% discount, it announced Monday.
October 28
Plumas Bank in Quincy, Calif., is looking to convert its loan-production office in Reno, Nev., into a full-service branch.
If approved by federal regulators, the branch would be Plumas' first outside of its home state and 12th overall. The bank also has loan production offices in Chico, Calif., and Portland, Ore.
Plumas, with $538 million of assets, already makes loans in northern Nevada and recently hired a Reno native, Ryan Reynolds, to head up its commercial lending in the region.
"For the past several years we have been looking for an opportunity to expand our banking services into northern Nevada," Plumas President and Chief Executive Officer Andrew Ryback said in a press release.