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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The addition of John Stallings, who ran SunTrust's Virginia operations, is intended to make Union a more nimble institution, allowing CEO John Asbury to spend more time on strategic planning.
September 6 -
The company said it could use the proceeds to fund acquisitions and to make more loans.
September 5 -
The company, which has faced pressure to sell from an activist investor, had been operating with an interim leader since December.
August 29 -
Studio Bank aims to become the first de novo in Nashville in nearly a decade.
August 28 -
An ex-banker running for governor has proposed the idea. It's a political perennial, but industry officials are nonetheless raising concerns.
August 25 -
The agency's statement comes as Tropical Storm Harvey gets closer to the Texas shore.
August 24 -
It is the largest equity investment that Clearinghouse CDFI has received in its two-decade history.
August 22 -
Post-election euphoria tamped down M&A talk as bankers were hopeful that reform would justify staying independent. But there are signs bankers are getting restless.
August 21 -
Like many banks its size, CenterState in Florida may need to venture out of state to find a big enough acquisition to make additional compliance costs worthwhile.
August 14 -
The Florida company will pay nearly $600 million to buy HCBF Holding and Sunshine Bancorp.
August 14