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Executives and boards are bracing for elevated loan losses and stagnant revenue, which will mean more conversations about belt tightening as opposed to added investment.
August 20 -
The Detroit regional relied on smaller teams, flexible deadlines and tightly defined tasks to convert the systems of Chemical Financial and rebrand.
August 17 -
The Massachusetts company, which converted from a credit union to a bank in 2013, is laying off more than 40 employees with a focus on people working in its retail banking operations.
August 14 -
The Pennsylvania company recruited John Montgomery from First Bank in St. Louis to take the helm on Aug. 31.
August 14 -
The Massachusetts company is laying off more than 40 employees with a focus on people working in its retail banking operations.
August 13 -
The Paycheck Protection Program has masked what has been a year of tepid demand and tightened lending standards. And bankers aren't expecting a rebound anytime soon.
August 12 -
Richard Marotta left the Boston company less than two weeks after a goodwill impairment charge contributed to a large quarterly loss.
August 10 -
The company said it has concerns about a large amount of accounts receivable it bought in July.
August 10 -
Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions.
August 6 -
Delmar Bancorp will lose its regionally associated brand when it becomes Partners Bank.
August 5
