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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A 10-year low in commercial banks’ chargeoffs bodes well for avoiding another crisis, but what it means for growth is another matter.
August 7 -
Marvin Schoenhals had been the Delaware company's chairman for 25 years. He stepped down as CEO in 2007.
August 3 -
The key to an unsolicited bid is to avoid looking like a bully. That requires clear communication with a target's investors, employees and clients — along with any other banks you might eventually want to buy.
August 3 -
Doug Bowers said the company has moved beyond past issues, including corporate governance shortcomings and the abrupt departure of his predecessor, and is ready to bring in more loans and core deposits.
August 1 -
The company said that Dennis Shaffer, its president, will succeed James Miller at the end of this year.
August 1 -
With the move, the Mississippi bank would no longer be regulated by the Federal Reserve. The decision comes after the bank struggled with Bank Secrecy Act and Community Reinvestment Act compliance.
July 28 -
The New Jersey company reported lower quarterly profit that included professional fees tied to addressing an informal order from regulators.
July 28 -
Valley National's latest acquisition would make it a much bigger player in Florida and provide a platform to write more auto loans. Both markets present attractive returns but high risks.
July 27 -
The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.
July 25 -
A reserve release helped offset lower net interest income, reflecting the California company's efforts to exit businesses that hurt its bottom line last year.
July 24