Community banking
Community banking
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The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city.
August 28 -
Branches in the Gulf Coast region largely avoided massive flooding. Now bankers must assess the impact on employees and customers.
August 27 -
With the USPS emerging as an election-year flashpoint, postal banking is an idea that could gain steam. But a number of proposals are out there, and they have wildly varying implications for financial inclusion.
August 26 -
The agencies completed steps to ease a community bank capital measure temporarily and to delay a new credit-loss accounting standard.
August 26 -
The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.
August 26 -
"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.
August 26 -
If the U.S. Postal Service can hold talks with big banks, like JPMorgan Chase, about offering financial services in post offices, then it could easily strike up similar conversations with credit unions.
August 26 -
"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.
August 26 -
The product, which is also aimed at community banks, includes a "take-back" option that allows consumers to withdraw extra funds they've paid that go beyond their monthly scheduled mortgage payment.
August 25 -
Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence?
August 25 -
Social distancing and other pandemic-related measures are making it harder for banks in the Gulf region to rely on tried-and-true contingencies.
August 24 -
The St. Louis company is gaining a sizable Small Business Administration platform and several niche deposit teams. Keeping those specialists in the fold will be key to the acquisition's success.
August 21 -
If the U.S. Postal Service can hold talks with big banks, like JPMorgan Chase, about offering financial services in post offices, then it could easily strike up similar conversations with credit unions.
August 21 -
Executives and boards are bracing for elevated loan losses and stagnant revenue, which will mean more conversations about belt tightening as opposed to added investment.
August 20 -
USAL Bancorp will have nearly $300 million in assets after it buys Escambia County Bank.
August 20 -
The company will pay $156 million for a bank with a large Small Business Administration lending platform.
August 20 -
The Missouri company 's deal for Clifford Bancshares is set to close later this year.
August 20 -
The Dallas regional is placing deposits in several minority depository institutions, providing each with low-cost funds that can be redeployed in underserved communities.
August 19 -
With big banks largely shunning the program, small banks see an opening to grab more market share in commercial lending.
August 19 -
The deal for Our Community Bank comes two months after Crane agreed to acquire Community State Bank of Southwestern Indiana.
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