
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.
A tempered forecast overshadowed solid second-quarter results at the North Carolina regional bank.
Anchor will be sold to FS Bancorp after agreeing to terminate a deal with Washington Federal. The original deal had been delayed as Washington Federal dealt with BSA issues.
P. Byron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp.
The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform.
The West Virginia company will pay a total of $118 million for Poage Bankshares and Farmers Deposit Bancorp.
Moxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina.
The sale includes 160,000 accounts and more than $400 million in deposits.
VisionBank is the second de novo effort that would focus on the nation's capital.
The deal is designed to improve capital ratios and reduce risk at the Seattle company.
Union Bankshares in Virginia sold Shore Premier Finance, a business it inherited from a recent acquisition.