Community banking
Community banking
-
Smaller banks face a tricky choice with jumbo loans: hold them and face rate risk, or sell them to a bigger bank and risk losing a customer. An unusual arrangement between the FHLB and a REIT could offer community banks a better route.
June 16 -
The United States Court of Appeals has confirmed BancorpSouth's lack of liability in an online banking fraud case, and even granted that the bank may seek to recover attorneys' fees from the victim.
June 16 -
A federal district court in Washington upheld another ruling disallowing three hedge funds controlling portions of a defaulted loan from voting on a reorganization plan. The ruling could impact banks as they make more concessions to win business.
June 16 -
The Supreme Court told a lower court to take another look at a ruling that let the National Credit Union Administration sue a group of banks for allegedly deceiving investors about mortgage-backed securities.
June 16 -
Many bankers are accusing their competitors of softening loan terms to stay competitive. Here are seven ways bankers are easing credit standards to court business borrowers.
June 16 - Pennsylvania
Univest Corp. of Pennsylvania (UVSP) in Souderton said its president of wealth management is leaving to lead a nonprofit financial services firm whose operations include a credit union.
June 13 - Colorado
National Bank Holdings (NBHC) in Greenwood Village, Colo., has tapped a recently retired banking commissioner to join its board.
June 13 -
Commerce Bancshares (CBSH) of Kansas City, Mo., expects to sell $150 million in preferred stock, which it will use to buy back $200 million of its common stock.
June 13 -
Mutuals also face a disadvantage with succession planning because they are unable to offer equity-based compensation. Instead, mutuals need to highlight cultural advantages that include a better quality of life and greater stability.
June 13 -
Coast Bancorp (CTBP) raised $6.8 million in capital through a private placement offering as it looks to grow after recently resolving a regulatory order.
June 13 - Georgia
The $7.4 billion-asset company announced this week that it is planning a branch in Greenville, S.C.
June 13 -
WASHINGTON A bank subsidiary should be able to claim tax refunds resulting from the institution's losses even if its tax returns are filed by the holding company, the federal bank regulators said in guidance issued Friday.
June 13 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
June 13 -
The Chicago Federal Home Loan Bank reaches agreement with Redwood Trust so member institutions can sell loans to the private-label issuer.
June 13 - Pennsylvania
Luvleen Sidhu has been hired by her father -- Jay Sidhu, the head of Customers Bancorp -- to do something a lot of small banks would be afraid to tackle: develop Customers' own mobile banking software.
June 12 -
Since the recession, banks have gradually reinvested more and more of their liquidity in securities. A handful have taken this trend to the extreme, putting nearly all of their deposits into investments and lending almost nothing. While delivering consistent, low-risk profits, the model faces pressure from regulators and the economy.
June 12 - Virginia
First National (FXNC) in Strasburg, Va., has formed a mortgage division.
June 12 -
Harwood Feffer promised to investigate claims against First Citizens Banc Corp in Ohio for agreeing to sell itself. The problem? The law firm should have been targeting First Citizens Bancorp. in South Carolina.
June 12 - New Jersey
Sun Bancorp (SNBC) in Mount Laurel, N.J., has hired three industry veterans to expand its commercial lending in New Jersey.
June 11 -
The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.
June 11





