Corporate governance

The bank’s 3Q results will make it harder for the CEO to win over some investors skeptical of his strategy to build up the investment bank, and he is already the subject of a whistleblower investigation by regulators.

The New Jersey company reported lower third-quarter profit that included severance costs from a two-year program to boost its bottom line.

The traditional community bank model of "being local and providing good service" no longer provides an competitive edge in a world dominated by online banking, according to Douglas Kennedy, CEO of Peapack-Gladstone.

The company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal.

The mutual, which agreed to buy First Colebrook Bancorp, had recently opened a limited-service branch in Portsmouth, N.H.

TCU Insurance Agency acquires Winey Insurance Agency, adds clients.

The $73 million CU is transitioning to a state charter to expand to other communities

A project set up to improve processes and boost internal efficiencies has saved TruChoice FCU more than $116,000 per year and earned the credit union a Best Practices Award from CU Journal.

The devastation and loss credit unions saw following Hurricanes Harvey, Irma and Maria should be a wake call for all financial institutions to have respective disaster recovery plans in place, but oddly the opposite sometimes holds true.

Increased investor appetite and the emergence of specialized debt ratings are expected to spur demand, and community banks are looking for ways to fund expansion and hedge against future economic downturns.

Chief among the credit union’s aid efforts are low- and no-interest loans, and initiatives in concert with other area service providers.

Greater Nevada Credit Union’s small business lending program has been showered with awards, including a CUJ Best Practices honor.

Its efforts earned Financial Resources FCU a 2017 Best Practices Award from CU Journal.

More than 20 different states are part of the Juntos Avanzamos network, with dozens of CUs participating from across the country.

First Reliance in South Carolina, which recently announced its first bank acquisition, is angling to take advantage of disruption caused by bigger mergers in the Carolinas.

"I’m not going to step aside because I’m an asset for this company," Tim Sloan said Wednesday, rejecting arguments by some Senate Democrats that he is too tied to the phony-accounts scandal.

First Bank will enter a new market and gain access to low-cost deposits after it completes the acquisition.

Profits at the custody bank rose 16%, but it announced a new streamlining program that is expected to generate yearly savings of $250 million by 2020.

Debbie Meekins is running First Community Bank in Santa Rosa while simultaneously taking steps to rebuild her own life after her home of 19 years went up in flames.

The San Francisco bank hopes to win middle-market business from its new commercial offices in Cleveland and Dallas.