
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.
CardWorks also specializes in subprime credit cards and loans for recreational and marine vehicles.
The company will pay $130 million for Commerce Financial Holdings.
A large charge-off and an additional loan-loss provision reduced quarterly profit by 12%, to $47.8 million.
Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.
Capital Corps, founded by former Banc of California CEO Steven Sugarman, wants the minority-run Broadway sold to a buyer that serves low- and moderate-income borrowers.
The Iowa company will pay $280 million to gain 25 branches and $1.2 billion in loans.
The company will also gain a loan production office and $105 million in loans as part of the deal.
The company will pay $15.5 million for a bank with one branch and a large amount of low-cost deposits.
The Connecticut company will appoint Lawrence Seidman to become a director at its next annual meeting.
The Mississippi company will pay $49 million for Traders & Farmers Bancshares.