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The company has formed a special committee to find a successor for James Ford, who will retire as president and CEO next year.
March 9 -
The acquisition of Golden Pacific Bank will accelerate the online lender’s effort to become a full-service bank.
March 9
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New measures in California and Virginia give consumers more control over their information and may prevent banks from using geolocation services or analyzing personal data without obtaining consent first — except when preempted by federal law.
March 8
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The unnamed investors will pay about $50 million for Northern California National Bank through a tender offer.
March 8 -
“We were already shifting to recruiting more problem solvers than people handling transactions,” said Robert Fisher, CEO of Tioga State Bank in New York and incoming chairman of the Independent Community Bankers of America. “That pace of change has accelerated.”
March 8
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Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the Federal Reserve announced the facility would be extended for three months.
March 8
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In "Democracy Declined," Duke public policy professor Mallory SoRelle argues that policymakers should be more aggressive in combating unfair lending practices.
March 8
American Banker -
On Dec. 31, 2020. Dollars in thousands.
March 8 -
On Dec. 31, 2020. Dollars in thousands.
March 8 -
A big funding source for the Paycheck Protection Program is set to expire on March 31. Its demise would pinch nonbanks that are originating and buying loans, especially if Congress continues the PPP beyond this month.
March 5
