Andy Peters writes about regional banks, consumer finance and debt collections for American Banker. He also co-writes the Morning Scan column. He has previously written for Bloomberg and for the Daily Report, a legal newspaper in Atlanta. He got his start in journalism as an editorial intern for The New York Times.
The removal of costly appraisal requirements on tens of thousands of smaller commercial properties could help community banks better compete for loans they say they have been losing to nonbank lenders.
Attorneys for then-President Robert Harra said he is innocent and will file an appeal. The case centers on a scheme said to have been carried out during the crisis years, before the bank was sold to M&T.