
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 California banking company has two loans tied to DC Solar that are on nonaccrual status.
The combined bank would be chartered in North Carolina, with the FDIC serving as its lead federal regulator, N.C. Banking Commissioner Ray Grace says. The merger partners had other options, including the Fed and the OCC.
Loyal Trust Bank will have a large number of Asian-American investors and board members.
It took less than six months to hammer out the biggest bank merger in more than a decade, and the price was one of the last things discussed, according to a new federal filing.
Franklin Financial, which was recently freed from a memorandum of understanding, has installed interim leaders after its founding CEO's retirement and his son's resignation.
After converting to a mutual savings bank in 2013, the former CU is set to become a fully stock-owned company.
The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank.
The former credit union will shed its mutual status when it becomes a fully stock-owned company.
Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.
The company will open its first office in Iowa after buying the business from Bankers Trust.