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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
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Arbor Bancorp and FNBH Bancorp said the pandemic had created uncertainty about the regulatory process for securing approval for the deal.June 25
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Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.June 1
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Thomas Lopp cited health reasons for leaving Sterling Bancorp less than six months after becoming CEO. Sterling has been dealing with revenue issues after shutting down its biggest lending program over underwriting concerns.May 8
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The company disclosed that an internal review of a now-discontinued loan program found that employees engaged in misconduct tied to income verification and requirements, among other things.March 9
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The Michigan company will pay $101 million for the parent of First National Bank in Howell, Mich.February 4
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The company will pay $29 million for a bank located northwest of Grand Rapids.January 6
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Tom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year. An ongoing audit of the program and pressure to diversify beyond mortgages are reasons to watch Lopp and Sterling in 2020.December 27
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The company will hold off on making loans under the Advantage Loan program as it conducts an audit and implements new policies and procedures.December 9
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While digital channels are becoming more popular, many banks remain committed to highway advertising.December 5
