Community banking
Community banking
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The CFPB's revised final rule on remittances made it easier on bankers, but it will still have a significant though unclear impact on international money transfers.
May 17 -
As investor Jay Sidhu and Atlantic Coast Financial intensify their fight over the Florida company's deal to sell to Bond Street Holdings, the market has priced a higher deal value into the stock. Atlantic Coast warns that no such bump-up is coming.
May 17 -
Commerce Bancshares is the latest bank to announce plans to buy a small bank in Oklahoma, which boasts one of the nation's lowest unemployment rates
May 17 -
Brennan Ryan, a partner at Nelson Mullins, ran the equivalent of several marathons with his wife and a friend in the Marathon des Sables to raise money for Hemophilia of Georgia.
May 17 -
The regulator of federal credit unions is promising to take steps to curtail high-cost, short-term loans, in the wake of tough action by banking regulators.
May 17 - Virginia
Hampton Roads Bancshares (HMPR) in Virginia Beach, Va., has named Charles Johnston chairman.
May 17 -
AmeriServ Financial in Johnstown, Pa., has begun another stock buyback.
May 17 -
With the ever-increasing regulation burden, community banks with small staffs struggle to keep up with new and changing rules. Some have deployed software to streamline their compliance to-do lists. Bank of the Sierra in Porterville, Calif., is one of them.
May 17 -
The Federal Reserve has ordered Bank of Montreal's U.S. unit to strengthen compliance with laws designed to deter money laundering.
May 17 -
Sierra Vista Bank in Folsom, Calif., has added $1.5 million in capital from the Taylor International Fund.
May 17 - Michigan
Flagstar Bancorp (FBC) in Troy, Mich., announced that its chief executive, Michael Tierney, has stepped aside after just eight months in the post.
May 17 - Florida
The Federal Deposit Insurance Corp. is seeking to recover $48 million from officers and directors of a Florida bank that collapsed in 2010 following heavy defaults on commercial real estate loans.
May 16 - Pennsylvania
Mars National Bank near Pittsburgh has drafted a local boy-turned-major-leaguer, Neil Walker of the Pirates, as its pitchman.
May 16 -
Customers Bancorp in Wyomissing, Pa., is bumping up the size of its stock sale by more than 20%
May 16 -
Capitol Bancorp is down three banks in the past week, but it could have been four. The company said in a regulatory filing on Wednesday that regulators attempted to seize a fourth bank on Friday, but a temporary injunction from a state court stopped it.
May 16 -
Regulators let Synovus acquire a failed bank its first deal in four years though it still owes Tarp $968 million. A surprising number of similar deals have occurred in recent years.
May 16 -
Consumer Financial Protection Bureau Director Richard Cordray sat silently at a public hearing as a room full of the industry's customers and employees argued that Americans should be allowed to make their own borrowing choices.
May 16 -
Analyze data to tailor offers and draft sales pitches that customers, particularly those visiting branches, will have a hard time refusing.
May 16 -
Four community banks announced Troubled Asset Relief Program redemptions Wednesday. Two were in Missouri and one each in South Carolina and Virginia.
May 16 -
nCino, which sells cloud-based bank operating software, scored a new client in Square 1 Bank of Durham, N.C.
May 16



