Community banking
Community banking
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Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance.
November 21 -
Carver Bancorp, which has spent 70 years serving minorities in Harlem and surrounding neighborhoods, is struggling to turn a profit. As black-run banks nationwide struggle to stay afloat, Carver's CEO insists the institution is on the right track.
November 20 -
Jefferson Financial Credit Union in Louisiana struck a deal to bring in $12 million in secondary capital, which is believed to be the biggest haul to date for a credit union. Will it embolden other CUs to pursue similar fundraising efforts?
November 20 -
Clearinghouse CDFI will use funds from the $2 million investment to support affordable-housing and economic development projects in communities and Native American reservations in California, Nevada and Arizona.
November 20 -
The Tennessee branches are being sold as part of First Horizon's deal to buy Capital.
November 20 -
Teaching financial literacy, being recognized by the SBA, showcasing the power of advocacy and other ways credit unions are giving back in their communities.
November 17 -
Jefferson Financial in Louisiana struck a deal to bring in $12 million in secondary capital, which is believed to be the biggest haul to date for a credit union. It could also embolden other credit unions to pursue similar fundraising efforts.
November 17 -
The credit union has agreed to buy State Bank of Georgia in Fayetteville.
November 17 -
The House-passed tax bill would eliminate the New Markets Tax Credit while the Senate bill would not reauthorize it when it expires in two years. Bankers and other proponents say that if it is discontinued many economic development projects in rural and low-income communities won’t be funded.
November 17 -
The company, which counts veteran banker Jay Sidhu among its investors, is selling to Ameris for $145 million in cash and stock.
November 17 -
Readers weigh in on the departure of Richard Cordray, debate whether online lenders are akin to subprime lenders, offer praise of a community banker, and more.
November 16 -
The company has agreed to pay $49 million for First West Virginia Bancorp, the parent of Progressive Bank.
November 16 -
While technology will let many banks cut staff and reduce the size of branches, factors such as geography, customer demographics and strategic direction will ultimately shape the look and feel of future offices.
November 16 -
It’s good to be a business lender with a long contact list. Loan growth is weak and the talent pool has been shrinking, so banks big and small are paying top dollar to get an edge.
November 16 -
The company, which had launched an at-the-market offering in late May, plans to use the proceeds for organic growth.
November 16 -
Bridge Bancorp, which plans to rebrand is bank as BNB Bank, also plans to boost 2018 profit by $3.3 million by closing 14% of its branches.
November 16 -
Banks would be big winners if Congress slashes corporate tax rates and they will have no shortage of options for deploying all that extra cash.
November 15 -
From helping fund new libraries and preparing kids for school to community shred days and free car washes, here's how credit unions are giving back to the communities they serve.
November 15 -
Beneficial Bancorp in Pennsylvania believes it can make a dent in a relationship-driven business that is expected to have more borrower demand in 2018.
November 15 -
Bank of McKenney rebranded itself as Touchstone Bank after its merger with CCB Bankshares.
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