Community banking
Community banking
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RockPoint Bank is on pace to open early next year. The announcement comes two weeks after Craft Bank became Atlanta's first new bank since 2010.
October 30 -
The company is best known for its reciprocal deposit program, but it’s finding new ways to serve banks without competing for their customers.
October 29 -
The agency overreached in its proposal to revamp the Community Reinvestment Act when it should have simply required branchless banks to invest more in areas where deposits are taken.
October 28 -
The Mississippi company said Duane Dewey, the president of its bank, will succeed Gerard Host as CEO in January.
October 28 -
The agency found a 40% error rate in the 2016 data submitted by the Seattle bank. In addition to the fine, the institution is required to improve its compliance systems.
October 27 -
The acquisition will consolidate United's position in the St. Joseph market, where both institutions are based.
October 27 -
The Iowa company said it will pursue a two-step acquisition to address unspecified issues raised by the Federal Reserve as part of its review of the acquisition.
October 26 -
The Paycheck Protection Program and encouraging digital innovation are top priorities for James Edwards, CEO of United Bank in Georgia. He also expects the American Bankers Association to promote diversity and regulatory reform in the next year.
October 26 -
Bank of America made three more investments in minority-focused lenders, bringing its total to 10 in the past two months.
October 26 -
Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money — or start cutting to the bone.
October 25 -
Equity Bank agreed to buy most of the assets, and assume all the deposits, of Almena State Bank.
October 23 -
The bank said the move will give it more flexibility for raising capital.
October 23 -
The assertion by former Goldman Sachs executive Gary Cohn that smaller banks won't be viable in a high-tech world overlooks their success in partnering with fintechs, according to the Independent Community Bankers of America.
October 23 -
The company will close nine branches over the next three months.
October 23 -
Agility Bank, one of two women-led groups seeking charters, is looking to open next spring.
October 20 -
The Dallas bank has begun encouraging larger borrowers to seek forgiveness of Paycheck Protection Program loans first as it holds out for the government to streamline the process for loans below $150,000.
October 20 -
The company will close eight locations, noting that customers have been quick to adopt digital channels during the coronavirus pandemic.
October 19 -
Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.
October 19 -
Gary Cohn, former head of the Trump administration’s National Economic Council and onetime top executive at Goldman Sachs, says technological changes will continue to make it harder for smaller financial institutions to compete and force many to be sold.
October 19 -
First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.
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