Capital

Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.

The proposed Piermont Bank would be based in Midtown Manhattan. It is the second de novo being planned in New York.

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.

The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.

Tekalign Gedamu, who would chair Marathon International Bank, says that Zekarias Tamrat is bad-mouthing the de novo effort following his dismissal and a subsequent payment disagreement. Tamrat was slated to be the bank's president.

Tory Nixon, who became Umpqua's chief banking officer this spring, is trying to drive more customers to use mobile banking (only 15% do so now industrywide) without alienating them in the process.

Zekarias Tamrat blamed the proposed Marathon International Bank's chairman and directors for delays in getting its application approved.

A task force created by the American Bankers Association asserts that applying for a bank charter is too time-consuming and that some de novo rules are too rigid.

Despite continued industry consolidation, the company still expects to have at least 10 chances each year to buy another bank.

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions.

Organizers of Dogwood State Bank want to open Raleigh's first new bank since the financial crisis.

Richwood Bancshares will get closer to $1 billion in assets after it buys Home City Financial.

Veritex will take advantage of accounting rules in its deal for Green Bancorp, a larger bank with lingering energy exposure.

The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares.

The company will pay $191 million for Skagit Bancorp, a deposit-rich bank in Washington's North Sound region.

The $54 million purchase of Pilgrim Bancshares will give Hometown branches in western, central and eastern Massachusetts.

The $26 million acquisition will allow Summit to enter two new counties in its home state.

It's imperative that bank executives consider how the country’s trade war could hit their bottom lines.

Green's sale follows a dedicated effort by its management team to purge its energy portfolio.

The $2.9 billion deal is the Georgia company's first traditional whole-bank acquisition since 2006. It is also the year's second-biggest bank acquisition.