Community banking
Community banking
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In a tight job market, banks are exploring new ways to find the employees they need.
December 8 -
The bank looked within its own ranks to find its next chief credit officer and to fill the newly created chief banking officer position. It continues a search for its next finance chief following a spate of departures.
December 7 -
The New York bank's agreement to pay $204 million in stock for Salisbury Bancorp moves NBT into complementary markets in Connecticut and Massachusetts while boosting an already substantial wealth management operation.
December 5 -
Roughly 40,000 residents of Moore County have been left without power since Saturday, when gunfire damaged two substations. Financial institutions are urging residents to use online banking and call centers if they do not have access to a branch.
December 5 -
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Baseball great joins Farmers National team, waiting game ends for two deals and more in banking news this week.
December 2 -
With the final piece of its regulatory puzzle in place, Newtek, a business development company and the nation's No. 3 SBA 7(a) lender, plans to complete its acquisition of National Bank of New York City in January.
December 2 -
Byline Bancorp in Chicago said it would buy Inland Bancorp in a cash-and-stock transaction that would create an $8.5 billion-asset bank.
December 1 -
InBankshares has hired a former PacWest senior executive — its third leader to come from a regional bank — in a move aimed at bringing in the skills necessary to run a much larger institution.
November 30 -
The business development company, one of the top Small Business Administration 7(a) lenders, has been waiting since mid-2021 for regulators to sign off on its deal for a New York community bank. It hopes to get the final green light from the Office of the Comptroller of the Currency in time for a January closing.
November 28 -
Feeling that your bank is truly there for you is the difference between a bank account and a banking relationship.
November 28 -
Large banks are catching up to regionals and nontraditional institutions in overall reputation scores, but regional banks are winning when it comes to innovation.
November 28 -
Wall Street reporting has left Main Street behind and you, dear banker, should be concerned. A new book, "The Future of Business Journalism," explains why.
November 24 -
The Boston bank is engaged in a three-year endeavor to finance $5 billion to meet the credit needs of underserved communities. "This has to be in your DNA because you cannot fake it," CEO Nitin Mhatre said.
November 23 -
Long-tenured CEO Matthew Wagner intends to retire from the company's top job early in 2023, not at the end of that year as initially planned. Paul Taylor, PacWest's president, will succeed him.
November 22 -
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The bank said Monday that its interim president and CFO had resigned. This followed the departure of its previous president earlier in November.
November 21 -
Savarese was drawn to a career in the financial services industry after witnessing firsthand how economic stability can improve the lives of others. She then spent 17 successful years running the Massachusetts mutual.
November 21 -
The bank has agreed to pay $113 million for the $500 million-asset Surrey Bancorp, which specializes in credit for small to midsize commercial clients as well as government-guaranteed loans.
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