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The company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology."July 2
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The class A notes, secured by legacy trust-preferreds and subordinated debt of institutions, carry an investment-grade A1 rating from Moody's. That rating is slightly lower than a prior Hildene CDO, due to elevated pandemic risk to bank profitability.July 2
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Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.July 2
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Helping their customers adjust to digital banking and pay crushing bills are just a couple of ways community bankers are reaching out.July 2
Consultant and Founderbankmechanics
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The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares.July 2
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The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City.July 1
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Neil Dauby, the Indiana company's chief commercial banking officer, will have oversight of all operations, reporting directly to Chairman and CEO Mark Schroeder.July 1
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Jelena McWilliams explains the agency's decision to enlist the help of tech innovators to modernize a reporting process that the coronavirus epidemic has exposed as outdated.July 1
ChairmanFederal Deposit Insurance Corp.
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Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank.July 1
