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Commercial and industrial lending rose 8% in the third quarter at the Cleveland bank, but other factors drove its double-digit gain in profits as overall loan growth was modest.
October 18
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The $286.4 million deal is an important test for Upgrade, which has raised $142 million of equity over the past two years but has yet to turn a profit.
October 18
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The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio.
October 18
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Bigger banks appear to be losing C&I share to small and midsize lenders. That's raising questions about whether community banks — known more for commercial real estate lending — have enough expertise to underwrite deals that larger banks avoid.
October 17
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Total loans fell, but earnings soared thanks to wider margins, a smaller loan provision and fewer legal costs now that the Wilmington Trust probe is settled.
October 17
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The Minneapolis company, which reported strong profits but 1% loan growth, is hiring middle-market bankers in New York and launching a digital lending platform aimed at small businesses.
October 17
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The Dallas bank has picked a bad time to shift from cost-cutting to expansion as big banks are in a commercial lending funk.
October 16
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The San Antonio bank will refer customers seeking small-business loans to StreetShares, a financial startup that is similarly focused on serving veterans of the U.S. military.
October 16
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The Dallas company reported a 41% increase in 3Q earnings despite lackluster performances in lending, deposits and fee income.
October 16
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ODX will pursue deals with banks that want to use the New York lender’s technology to offer online small-business loans.
October 16
