Ken McCarthy

Falling stock prices and concerns about the health of the economy are depressing deal activity.

Brad Dinsmore, who will also serve as the California company's president, once was in charge of several key lines at SunTrust, including consumer banking and private wealth management.

Malia Lazu, a former community organizer, is overseeing a cultural shift at the Boston company that includes a new program designed to make more loans to minorities.

Loyal Trust Bank is the seventh proposed bank in 2019 to secure the agency's approval for deposit insurance.

The Pittsburgh company will take a de novo approach to growth around Washington.

Organizers of Silver River Community Bank must raise $17 million before opening.

Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

The Michigan company disclosed that an unnamed client made a large payment on a $6.5 million nonperforming loan.

Ancora Advisors also suggested that the company get rid of its current management team.