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Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.
December 14 -
Blue Lion Capital said Johnny Guerry, who has sparred with other community banks, will assist in efforts to pressure the Seattle bank to improve its performance or sell itself.
December 14 -
The People’s Bank of China, the country’s central bank, plans to introduce a digital currency of its own. But unlike the decentralized blockchain-based offerings, this one could give Beijing more control over its financial system.
December 14 -
The directory, which will debut next year, should help community banks find potential fintech partners.
December 14 -
The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.
December 14 -
One week after NCUA filed its own appeal brief, three major organizations banded together in support of the expanded field-of-membership rule
December 14 -
The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.
December 14 -
Virginia Partners will operate as a separate bank unit after the deal closes.
December 13 -
The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most of the closures will take place in Pennsylvania.
December 13 -
When Trinity Capital in New Mexico put itself up for sale last summer, it reached out to several local banks to gauge their interest. Then came a surprise offer from a suitor based a thousand miles away.
December 13 -
Morris State will pay $24 million for the parent of Farmers & Merchants Bank.
December 13 -
A consolidation of Germany's fragmented banking market is very much in the cards, following months of speculation.
December 13 -
New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country.
December 13 -
The Ponca City-based institution becomes the first credit union in Oklahoma to join CU*Answers.
December 13 -
The Alabama bank has named former power company executive Charles McCrary chairman instead of giving the job to new CEO John Turner.
December 12 -
Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015.
December 12 -
Mastercard and white label payment software company Cardstream are partnering to accelerate the deployment of Mastercard’s Secure Remote Commerce (SRC)-ready Masterpass wallet and its “Pay by Bank” solution.
December 12 -
Pennsylvania-based institution will give back $600,000 to members next month.
December 12 -
The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.
December 12 -
The $25.5 billion-asset company has also restructured its securities portfolio as part of a broader effort to reduce costs and improve profits.
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