Community banking
Community banking
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A flurry of activity in recent weeks has prompted chatter on earning calls about banks’ merger ambitions. While some CEOs bemoaned high asking prices, others said they are making more inquiries, identifying targets and, in some cases, closing in on deals.
July 21 -
The Massachusetts thrift is borrowing from the playbook of larger rivals as it looks to add customers from outside its Boston-area footprint.
July 19 -
Mortgages and wealth management generated fees that gave top midtiers an edge, as the pandemic halted most lending outside of the Paycheck Protection Program.
July 19 -
United Community Banks in South Carolina and Blue Ridge Bancshares in Virginia have each struck agreements to buy or merge with banks in major metropolitan markets, where they will aim to siphon business from larger rivals.
July 15 -
Acquiring the city’s largest bank would give Pittsburgh-based FNB the No. 6 market share in Maryland's largest city.
July 13 -
It will be Christopher McComish’s second tour as a bank CEO. He led Scottrade bank for two years, between 2015 and 2017.
July 12 -
Lakeland is paying $244 million for 1st Constitution Bancorp. The combined bank would be the fifth largest by deposit market share in New Jersey.
July 12 -
The San Jose, California, bank will take a hit to second-quarter earnings to settle claims arising from an alleged Ponzi scheme.
July 9 -
Prosecutors have rested their case against onetime bank CEO Stephen Calk, who allegedly approved millions of dollars in loans in exchange for a potential job in the Trump administration. Federal Savings Bank employees have testified against Calk, whose lawyers have sought to shift blame to underlings
July 8 -
Sam Susser, who built a family business of more than 630 convenience stores in the state, thinks he can find similar success in community banking by courting small commercial clients that larger rivals have outgrown.
July 7 -
The Ohio community bank generated 76% of its 2020 revenue from the three-year-old business line. But mortgages are cyclical, and the bank wants to step back before things get rough.
July 6 -
On Mar. 31, 2021. Dollars in thousands.
July 6 -
Fringe Benefits Design in Bloomington, Minnesota, will become a consultant of the buyer's Benefit Plans Administrative Services unit.
July 2 -
Mark Schroeder will step down as chief executive after 22 years. He will be succeeded by Neil Dauby, the Indiana bank's president and chief operating officer.
July 2 -
Community banks support legislation that would exempt them from paying tax on interest earned from farmland loans, arguing it would make them more competitive with government-backed lenders and expand access to credit in rural areas.
July 2 -
HoldCo Asset Management opposed the $900 million deal, arguing that Boston Private failed to consider other potential buyers and did not attract an acceptable price.
July 1 -
Banks such as Santa Cruz County Bank are now trading shares over the counter to capitalize on investors' bullish outlook for small lenders.
July 1 -
Even as lockdowns ease, the trend toward remote work poses challenges for building owners and the banks that lend to them.
June 30 -
Amerant Bank has invested $2.5 million in Marstone to provide a digital alternative to personal wealth advisors for new and existing clients. The technology "gets planning capabilities into the hands of any customer that wants them," says Jerry Plush, the Florida bank's new CEO.
June 28 -
With an agreement in hand to buy Bank of Commerce Holdings in Sacramento, the Washington company will prioritize filling in a 200-mile gap between the seller's footprint and its own.
June 25
















