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He will succeed Kevin Riley, who previously announced plans to step down this year. Reuter retired last spring after leading FirstBank Holding in Colorado since 2017.
October 10
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First State Bank of Purdy is on the forefront of new technology from Jack Henry & Associates thanks to the decades-long relationship between the bank and Jack Henry himself.
October 9
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The Honolulu-based bank's board continues to recommend selling to Hope Bancorp in Los Angeles, despite a competing offer that includes a higher price tag.
October 9
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It won't be cryptocurrencies or central bank digital coins that revolutionize global finance, but rather banks offering deposit tokens that have many of the benefits of both.
October 9
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The legendary investor has been reducing his 13-year-old stake in BofA. It's the most recent instance of Buffett profiting from a big bet on a troubled financial institution.
October 9
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The veteran turnaround executive was hired in 2020 to salvage the troubled banking company after the Justice Department launched a far-reaching probe of its mortgage lending practices. It agreed to sell to Florida-based EverBank.
October 8
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Banks now have until Nov. 21 to provide feedback on the FDIC's proposed rule on brokered deposits that could lead to higher costs for some insured depositories.
October 8
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Financial institutions are on the front lines of relief efforts in Tennessee and North Carolina, while in Florida, Hurricane Milton threatens to deal a second blow.
October 7
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River Run Bancorp near Boston said it would acquire Rollstone Bank and Trust, adding to a string of industry combinations as M&A activity gathers momentum in the second half of 2024.
October 7
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Honolulu-based Territorial Bancorp is delaying the approval vote by about four weeks in order to continue discussions with its shareholders. A group that includes a former Bank of Hawaii CEO is trying to scuttle the $78 million deal with Los Angeles-based Hope Bancorp.
October 4
