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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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 -
A double-digit increase in the size of the Connecticut company's commercial book factored heavily into its improved second-quarter results.
July 21 -
The size of the Louisiana company's loan portfolio increased by 6% from a year earlier, helping offset weaker noninterest income.
July 21 -
The company's results benefited from its increased dealings in correspondent lending, while net chargeoffs tied to energy loans decreased during the second quarter.
July 19 -
The Mississippi company reported higher quarterly earnings despite ongoing energy challenges. Hancock also benefited from its April purchase of the failed First NBC Bank.
July 18 -
The FDIC is watching banks that use wholesale funds to support CRE lending. The warning comes as brokered deposit levels at community banks are at their highest level in nearly six years.
July 18