Allison Prang is a reporter for American Banker, where she writes about community banks. Before joining the Banker in 2016, she was a business reporter for The Post and Courier, a daily paper in Charleston, South Carolina. Her work has also appeared in The Wall Street Journal, Bloomberg News, The Kansas City Star and The Indianapolis Star, among other publications. She graduated from the University of Missouri's journalism school.
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While disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director.
October 5 -
The Seattle company, which has cut about 130 positions in the business in recent months, pointed to lower originations tied to a shortage of new and resale housing.
October 2 -
The company is looking to raise about $115 million. A portion of the proceeds would help pay for Merchants' pending purchase of Joy State Bank.
September 26 -
Live Oak Bancshares is used to finding ways to make small-business loans, but its new M&A operation was formed after two bankers pitched the plan to Live Oak's management.
September 22 -
The new business will advise Live Oak clients on how to structure and finance acquisitions.
September 20 -
While the banking industry is winning over low- and middle-income groups, it is still trying to regain the trust of high earners who were stung during the financial crisis.
September 19 -
The California company will pay nearly $3 million to address claims it failed to pay employees for overtime.
September 18 -
The Indiana company could also use proceeds from the planned stock sale to pay off debt.
September 15 -
Banks could be busy supplying credit to manufacturers, hotels, multifamily developers and other businesses that will be helping residents get their lives back on track after two fierce storms.
September 14 -
A New Jersey politician has downplayed his Goldman Sachs career. The move shows that bankers have a ways to go rebuilding credibility with voters, though factors such as party affiliation, location and the type of banking career also matter.
September 12