Community banking
Community banking
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Year to date through Dec. 31, 2018. Dollars in thousands.
March 11 -
The new accounting standard won’t make community institutions safer, though implementation is proving burdensome and could restrict access to credit, argues Rep. Blaine Luetkemeyer.
March 11 -
Just nine bank merger pacts were announced in February, down from 17 in January. But they included the biggest deal in years and some other interesting storylines.
March 10 -
Franklin Financial, which was recently freed from a memorandum of understanding, has installed interim leaders after its founding CEO's retirement and his son's resignation.
March 9 -
Six senior executives at Chemical and TCF will move into similar roles when the merger closes later this year. Chemical Bank's current CEO, Tom Shafer, will become president of the combined bank, reporting to CEO Craig Dahl.
March 8 -
Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.
March 8 -
The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers.
March 8 -
John Quill, a former deputy comptroller, had a key role deciding which banks could participate in the Troubled Asset Relief Program.
March 7 -
Valley Bank spent millions on bank acquisitions under its previous CEO. Its new leader has taken a markedly different approach.
March 7 -
Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.
March 7 -
Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.
March 6 -
SalesPhysics was created by industry veterans who once worked at Bank of America.
March 6 -
For years Carter Bank in Virginia had resisted technology of all kinds — even ATMs. But a leadership change, rising rates and a thirst for low-cost deposits finally led to a change in philosophy.
March 6 -
After converting to a mutual savings bank in 2013, the former CU is set to become a fully stock-owned company.
March 6 -
The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank.
March 6 -
Concerns about an economic slowdown, rising deposit prices and cybersecurity abound, a survey found.
March 5 -
The former credit union will shed its mutual status when it becomes a fully stock-owned company.
March 5 -
Kelly Skalicky has succeeded her father as CEO of the Minnesota bank.
March 5 -
Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania.
March 5 -
Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.
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