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 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 -
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