Ken McCarthy

Executives at banks in California say there's only so much they can do until the flames subside.

It's difficult to recruit and retain talent amid low unemployment, while uncertainty about GSE and BSA reform makes planning harder, bankers said at the ABA convention.

Laurie Stewart, a former credit union CEO and incoming chair of the American Bankers Association, says a string of bank sales to credit unions supports the case that the latter's tax-exempt status should be eliminated.

Laurie Stewart says a string of bank sales to credit unions supports the case that the latter's tax-exempt status should be eliminated.

Louisa Community Bank and Resolute Bank were closed on Friday, raising the year's total to three failures.

Hometown Financial, which completed three acquisitions this year, is considering branch openings for a push into the city.

As apps like Uber and Lyft gain more traction, the need for new cars ⁠— and loans ⁠— is expected to diminish.

MetroCity Bankshares has said it could use the proceeds to open branches or pursue acquisitions.

The company has agreed to buy a portfolio of commercial loans from Santander Bank.

Many community banks are launching digital banks, more aggressively courting younger customers and abandoning the idea that only primary banking relationships are worthwhile.

Dorothy Savarese will remain the Massachusetts bank's chairman and CEO.

The company could raise as much as $158 million by selling shares to the public.

A second activist investor is pushing the company's board to find a buyer.

The transition to Stein from Hadley Robbins is the result of a multiyear succession process, the Tacoma, Wash., company said. Robbins had succeeded the late Melanie Dressel.

Gulf Capital Bank has received conditional approval from state and federal officials and could be up and running late this year or early next year, its organizers say.

Ernest Pinner, who co-founded the Florida company in 1999, will become non-executive chairman in January.

Regulators may be willing to grant new charters, but economic uncertainties, capital hurdles and inexperience have led the organizers of numerous bank startups to give up in the last few years.

The Maryland company says two recent deals, including its agreement to buy Revere Bank, give it the right amount of coverage across Washington's suburbs.

The decision to bring in Michael Doyle follows a quarter where the South Dakota company reported a spike in net charge-offs.

JWTT, created by former Wedbush Securities bankers, says it will use its connections to court business from other investment banks that were recently sold.