Community banking
Community banking
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The company agreed to pay $104 million for a one-branch bank with $391 million of assets.
May 5 -
Lenders including Howard Bancorp and First Carolina Bank are shunning acquisitions as a route into new markets, to avoid overpaying for targets and inheriting potential loan problems.
May 5 -
The company, once known as Southern National Bancorp of Virginia, plans to launch the as-yet-unnamed platform by the end of this year.
May 4 -
The specialty lender provides leases for preowned Ferraris, Porsches, McLarens, Lamborghinis and other luxury cars.
May 4 -
The purchases of Truck Insurance Specialists and Hometown Insurance are expected to help the company expand its dealings in transportation and agriculture.
May 4 -
With the Paycheck Protection Program likely winding down at the end of the month, many lenders are seeing heightened demand for the Small Business Administration’s 7(a) and 504 loans.
May 3 -
Kearny Bank in New Jersey and four other banks were struggling to manage escrow accounts where the rules vary widely between industries and states, so they teamed up on a tech solution.
April 30 -
Mike Butler will also become president of the de novo, which focuses on technology companies and venture capital firms.
April 29 -
Mike Daniels has been president and CEO of Nicolet's bank since 2015.
April 28 -
The community banks join a growing list of banking companies closing locations as customer preferences shift to digital channels.
April 28 -
The Dallas company will pay nearly $54 million for a 49% stake in a lender that operates in 10 states.
April 28 -
The $56 million acquisition will extend Southern California Bancorp's footprint north of Los Angeles.
April 28 -
The Massachusetts community bank, which rebranded last summer, landed on affiliate marketing as one cost-effective way of attracting choice customers to its business checking and crypto banking capabilities.
April 27 -
The Senate Banking Committee chairman told an audience of community bankers that he supports legislation to close "chartering loopholes" for industrial loan companies and financial technology firms. He also pitched a plan to give all consumers a free digital wallet backed by the Federal Reserve.
April 27 -
The Missouri company announced the deal just five months after buying Seacoast Commerce in San Diego.
April 26 -
The proposed acquisition is the second deal in as two days to involve an Atlanta-based seller.
April 23 -
Bankers say the federal tax exemption for credit unions costs U.S. taxpayers $2 billion each year. But eliminating it would prevent the not-for-profit financial institutions from channeling their savings into higher rates and lower fees that stimulate commerce — and generate additional tax income.
April 23 -
The Illinois companies agreed to merge in a transaction that is expected to close later this year.
April 23 -
The company promoted Bob Fehlman to become its president and hired Jay Brogdon from Stephens Inc. to succeed Fehlman as chief financial officer.
April 22 -
The Georgia company agreed to pay $84 million for a bank with nine branches and $715 million of assets.
April 22










