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BCB Bancorp will pay $20 million for Indus American Bank, a New Jersey institution that focuses on the South Asian-American business community. Indus American lost a total of $2.5 million in 2015 and 2016.
June 8 -
The Louisiana company, which fired its CEO earlier this year, has been paying a hefty dividend on funds it obtained from the Treasury Department in 2011.
June 7 -
The Montana company has agreed to buy Columbine Capital in a deal that will add five branches and $330 million in loans in Colorado.
June 7 -
The accounting board has scheduled a meeting that bankers hope will produce eleventh-hour modifications to reserving requirements.
June 6
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A controversial bank merger in Kansas City is likely to catch the eyes of credit union watchers as NCUA considers new rulemaking surrounding disclosures of incentives offered to board members and executives at merging CUs.
June 5
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Former Inter-State Federal account holders believe they were shortchanged by the Missouri mutual's merger. A ruling in their favor could give depositors more power and could undermine what it means to be a mutual.
June 5 -
The Louisiana company's board has made it clear that independence is "not a God-given right" and wants new management to address energy loan issues, underwriting, capital and expenses.
June 2
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The New York company, which plans to raise about $40 million by going public, could also use the funds to make acquisitions.
June 2 -
More than half of the company's loans and deposits would be in the Atlanta area after it buys Resurgens Bancorp.
June 2 -
GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
May 31
