
Paul Davis
Founder, Bank SlatePaul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
Paul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
Wise bankers will recognize that as the Trump administration dismantles much of the supervisory structure built up over past decades, regulatory risks are being supplanted by other dangers.
Priscilla Sims Brown will join the New York company from Commonwealth Bank in Australia.
About 13% of Pacific Mercantile Bancorp's loans are tied to high-risk sectors such as entertainment and food services. The company must build shareholders' equity or its loan-loss allowance above last year's levels to make sure the sale goes through.
The Arkansas company will gain branches around Nashville as part of the acquisition.
The company agreed to pay $104 million for a one-branch bank with $391 million of assets.
The company, once known as Southern National Bancorp of Virginia, plans to launch the as-yet-unnamed platform by the end of this year.
The specialty lender provides leases for preowned Ferraris, Porsches, McLarens, Lamborghinis and other luxury cars.
The purchases of Truck Insurance Specialists and Hometown Insurance are expected to help the company expand its dealings in transportation and agriculture.
The company will start to offer insurance planning and risk management services as part of its purchase of Strategic Wealth Group in Valdosta, Ga.
The Tennessee bank's deal for Fountain Leasing is set to close this month.