Comptroller of the Currency Joseph Otting explains why his agency and the Federal Deposit Insurance Corp. have moved forward with a proposal to change the 42-year-old CRA.

The company will significantly boost its origination volume after buying 51% of BrandMortgage.

The bank, whose 7(a) originations have plummeted in recent years, is developing a portal that will let applicants upload documents, complete forms and track application progress.

The supervisory letter had required the company to get Fed approval before issuing debt, paying dividends or making quarterly payments on its trust-preferred securities.

The Rakuten application has piqued interest in reviving legislation aimed at stopping commercial firms from owning banks. Yet Congress previously had the chance to enact such a measure and declined.

Several banks abandoned their BHCs two years ago to cut costs and reduce regulatory burden. But the strategy never really took hold as most bankers determined there were more benefits to having holding companies than eliminating them.

The company will gain branches in Northampton County as part of the $79 million deal.

The Independent Bank-Texas Capital merger could prompt other banks in the state to consider selling or buying.

On Sep. 30, 2019. Dollars in thousands.

On Sep. 30, 2019. Dollars in thousands.

The company will hold off on making loans under the Advantage Loan program as it conducts an audit and implements new policies and procedures.

The deal will create a bank with nearly $50 billion in assets.

The company will merge Fidelity Savings and Loan and Washington Savings Bank into its own bank.

With customers now having the opportunity to onboard across multiple devices and channels, or even through a call center, the likelihood of an inconsistent experience is drastically increased, Neal Keene of Intelledox says.

The percentage of farm lenders losing money hit a six-year high in the third quarter, according to the FDIC.

The company will pay $122 million for six branches and nearly $1 billion in assets.

While digital channels are becoming more popular, many banks remain committed to highway advertising.

In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.

Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers.

Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020.