Community banking
Community banking
-
A deal between Dime Community and Bridge Bancorp was delayed, and nearly derailed, by the coronavirus outbreak. Here’s how the two sides kept it on track.
September 24 -
The company, which expressed concerns about the validity of some of the loans it bought, renegotiated a lower price and protections from the seller involved in the deal.
September 24 -
New Enterprise Bank would focus on venture capital and private equity firms that are involved in investment between China and the San Francisco area.
September 24 -
The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.
September 23 -
The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending.
September 23 -
Partnering with the account-opening software firm Mantl, the New Jersey bank created a CD campaign that helped fund its Paycheck Protection Program lending.
September 22 -
The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs.
September 21 -
Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended.
September 20 -
The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.
September 18 -
A collaboration between the two industries to help voters cast absentee ballots has been approved to continue through the general election.
September 18 -
The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.
September 18 -
Small and midsize banks would pay for access to the Monit app and offer it to small-business clients as an add-on service.
September 17 -
Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.
September 16 -
The agency finally detailed how it may implement congressional requirements to collect information on credit to small businesses. Lenders below certain asset thresholds and that make few business loans could be off the hook.
September 15 -
The company joins a growing list of banks shuttering locations as customers flock to digital channels.
September 14 -
On Jun. 30, 2020. Dollars in thousands.
September 14 -
On Jun. 30, 2020. Dollars in thousands.
September 14 -
Justice Department officials have embarked on a rewrite of antitrust policy that could waive certain requirements for community bank mergers and provide fewer advantages to large, out-of-town buyers and banks in urban areas.
September 13 -
First Mutual Holding has agreed to buy Martinsville First Savings Bank, which will retain its charter, brand and management team.
September 11 -
More consumer and commercial borrowers are paying their loans, increasing the likelihood that charge-offs will be manageable for banks despite the ongoing pandemic.
September 11















