
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.
Independent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp.
Community bankers want to cut the time it takes for customers to establish digital accounts to mere minutes, but it's hard to do that and make other improvements without increasing fraud risk.
Shareholders of both companies will meet separately next month to cast ballots on the $28 billion deal, and BB&T investors will also decide whether the new company should be called Truist Financial.
The deal, among the four biggest bank acquisitions announced this year, would make Prosperity the second-largest bank based in Texas.
The combined company will be known as Truist, which plays off “trust,” a word the banks’ original names had in common.
Founders Bank is the latest de novo effort that will target the nation's capital.
Columbia plans to incorporate certain aspects of Stewardship Financial's charitable giving into its own foundation.
The North Dakota company agreed to buy the $90 million-asset Prairie Mountain Bank.
DNB had been facing pressure from an activist investor to consider selling itself.
The company will pick up five branches as part of the $48 million deal.