Paul Davis

BankMobile will remain part of Customers for at least two years after regulatory snags derailed a plan to transfer the unit to a Florida bank.

The Montana company will spend $200 million to buy Idaho Independent and Community 1st Bank.

The Federal Reserve System is trying to be proactive in these and other high-profile areas, offering educational materials and coaching to bank execs and directors, according to supervision officials at the St. Louis and Richmond Fed banks.

The company agreed to buy Mainland Bank for nearly $20 million in stock.

Union Bankshares will gain 15 branches and $2 billion in loans in northern Virginia after it buys Access National.

Speaking at an industry conference Thursday, two tech executives and a community banker said that community banks should be allowed to experiment with new products without worrying about running afoul of regulators.

Better incentives to lend and invest in underserved communities are also worthy of consideration, Loretta Mester says, as regulators try to blend the best of the Community Reinvestment Act with new ideas in updating its rules.

The economy could “positively slow down in mid-2019” and consumer debt levels are a huge concern, but technology and lessons learned from the crisis could still create opportunity for small banks, says Beneficial’s Gerry Cuddy ahead of a big speech on current conditions.

Citizens & Northern will pay $43 million for the $348 million-asset Monument.

AmeriNational Community Services plans to form an industrial bank in Nevada.