The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division.

The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial.

A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets ⁠to seek out their own deals.

The New Jersey company paid $336 million for all stock owned by Blue Harbour Group.

Bangor will pay $35 million in cash to gain branches in five communities.

Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp.

Jim McLemore has a new job just three months after orchestrating MidSouth's sale to Hancock Whitney.

Savings institutions are aggressively cutting staff and shortening hours to be more competitive. As a result they have become more efficient than commercial banks.

On Sep. 30, 2019. Dollars in thousands.

On Sep. 30, 2019. Dollars in thousands.

Though details of a potential pact with China aren't clear, bankers are hoping it could convince leery customers to finally go through with delayed investments.

Organizers have applied to form Craft Bank. If successful, the bank would become the third to open in the Atlanta area in recent years.

If the intention is for FedNow to give the market a choice, particularly to smaller, local banks then interoperability between the TCH and FedNow is a must, says FIS' Elena Whisler.

Comptroller of the Currency Joseph Otting explains why his agency and the Federal Deposit Insurance Corp. have moved forward with a proposal to change the 42-year-old CRA.

The company will significantly boost its origination volume after buying 51% of BrandMortgage.

The bank, whose 7(a) originations have plummeted in recent years, is developing a portal that will let applicants upload documents, complete forms and track application progress.

The supervisory letter had required the company to get Fed approval before issuing debt, paying dividends or making quarterly payments on its trust-preferred securities.

The Rakuten application has piqued interest in reviving legislation aimed at stopping commercial firms from owning banks. Yet Congress previously had the chance to enact such a measure and declined.

Several banks abandoned their BHCs two years ago to cut costs and reduce regulatory burden. But the strategy never really took hold as most bankers determined there were more benefits to having holding companies than eliminating them.

The company will gain branches in Northampton County as part of the $79 million deal.