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First National has agreed to buy Touchstone Bankshares. The combined company would have more than $500 million each of deposits and loans.
By Jim DobbsMarch 26 -
Lower commodity prices and decreases in government assistance are expected to push farm income lower this year and raise credit risk for banks.
By Jim DobbsMarch 25 -
Harborstone Credit Union in suburban Lakewood, Washington, plans to buy Savi Financial. That's seven deals in less than three months this year; the highest full-year total was 16 in 2022.
By Jim DobbsMarch 22 -
A key bank stock index ticked up after the Federal Reserve hinted that it could lower rates later this year. But there are still a number of economic uncertainties that are holding shareholders back.
By Jim DobbsMarch 20 -
Bank mergers and acquisitions have slowed in recent years amid recession fears and other economic uncertainties. But bank consolidation is a century-old trend that's expected to rev up again as early as this year due to higher costs, tougher regulation and fierce competition.
By Jim DobbsMarch 15 -
The new team at Dime Community Bancshares intends to attract funding from an array of niche business segments, including medical billing, so-called death care services and hedge funds.
By Jim DobbsMarch 13 -
Sound Credit Union said it would acquire Washington Business Bank in a cash deal slated to close in the fourth quarter.
By Jim DobbsMarch 11 -
Orlando-based Cogent Bancorp's Brandon Ghee, a former NFL player, has launched a business line focused on providing banking services to professional athletes and the growing number of college standouts earning six- and seven-figure incomes.
By Jim DobbsMarch 6 -
Citing missed deadlines for an annual meeting and key regulatory filing, the Norcross-Braca group has called off a plan to invest $35 million in the Philadelphia bank.
By Jim DobbsFebruary 29 -
Banks continued to downsize their retail networks and invest more in digital services last year. But they shut down fewer branches in 2023 than in recent years partly because of an M&A slowdown.
By Jim DobbsFebruary 27