Jim Dobbs

The $12.3 billion-asset Boston bank set an ambitious three-year target for mortgages and small-business loans in low-income areas. It's a major part of a $5 billion commitment to financial inclusion and clean energy.

The all-stock acquisition of South Dakota-based Great Western would create a regional bank with $32 billion of assets and more than 300 branches in 14 states.

The $6.2-billion asset bank said President Logan Pichel will add the title of CEO on Oct. 1, succeeding Steve Trager.

The deal to buy Happy Bancshares enables Arkansas-based Home to expand into Dallas and Austin and could provide a springboard for more acquisitions in the Lone Star State.

The Office of the Comptroller of the Currency says the $963 million-asset bank has met expectations for improving board oversight and strengthening auditing of its loan-loss allowance.

The New Jersey bank plans to reinvest half of the savings into technology development and hiring.

To satisfy a condition of its sale to BancorpSouth, Cadence Bancorp is selling the branches to First Bancshares in Hattiesburg, Mississippi.

Hoping to slow the pace of deals, the Independent Community Bankers of America is urging lawmakers to impose a tax on credit unions that acquire small banks. One credit union CEO called the proposal a "gimmick."

The Fed, FDIC and OCC have issued guidance that says community banks should consider risk factors such as financial strength and business experience when evaluating potential fintech partners.

Some banks and credit unions, once hopeful of a swift end to the pandemic, are beginning to toughen credit underwriting and rethink growth strategies as if the coronavirus will influence the economy for years to come.