
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.
State Bank of Texas, which bought the failed Seaway Bank in January, is selling nine branches to Self-Help Credit Union.
Pinnacle Financial wanted to be in high-growth markets. BNC Bancorp saw more regulatory burden looming and limited opportunities to sell itself. Those factors spurred what is currently the year's second-biggest bank deal.
The mutual's conversion could bring in up to $22.5 million in proceeds.
In his meeting with community bankers, President Trump openly pondered the fate of CFPB Director Richard Cordray with his advisers and appeared eager to quickly fix industry concerns through executive orders.
Seniors typically have stellar credit and can be a good source of deposits in a rising rate environment.
Koger Propst was also named CEO of the company's $2.6 billion-asset ANB Bank.
Investar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets.
Joseph Greco previously served as CEO of Southern Connecticut Bancorp, which sold itself to Liberty Bank in 2013.
The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.
The agreement comes three months after Astoria and New York Community Bancorp called off plans to merge.