
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.
The deal for Our Community Bank comes two months after Crane agreed to acquire Community State Bank of Southwestern Indiana.
Crane Credit Union's deal for Our Community Bank comes two months after it agreed to acquire Community State Bank of Southwestern Indiana.
ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit.
The proposed combination would create a bank with $3 billion in assets in central Virginia.
Richard Marotta left the Boston company less than two weeks after a goodwill impairment charge contributed to a large quarterly loss.
Cypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp.
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.
The digital bank would be sold to Megalith Financial, allowing Customers to focus on commercial lending and letting BankMobile expand more aggressively.
The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank.
First Bank of Central Ohio would be based near Columbus, where another group opened a bank last year.