Community banking
Community banking
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Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.
May 8 -
Pinnacle Bank chief Terry Turner never lacks specifics. He wants to expand inside a triangular zone that connects three Southern and mid-Atlantic cities, aims to enter five particular markets, and speaks bluntly about his plans for hiring alums of BB&T and SunTrust.
May 8 -
Bank 34 will no longer sell mortgages in the secondary market as it looks to reduce its reliance on volatile revenue streams.
May 7 -
Triad Business Bank adds to the list of de novo efforts taking place in the state.
May 7 -
Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.
May 7 -
Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.
May 7 -
The Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit.
May 6 -
The Maryland company has hired interim CEO Susan Riel to officially take over the post.
May 6 -
The California company was issued a consent order after it failed to meet the conditions of a January 2018 informal agreement.
May 6 -
The company will record a $2.1 million pretax gain in the second quarter after selling Summit Insurance Services to the Hilb Group.
May 6 -
Banco Bradesco said it will use the acquired bank to expand its investment offerings in the United States.
May 6 -
Profitability improved significantly last year for banks with less than $2 billion of assets, but not because of anything they did. Some troubling trends lurk beneath those big gains too.
May 5 -
Tandem Bank has approval from the Georgia Department of Banking and Finance as its aims to become the state's first new bank since the financial crisis.
May 4 -
Aging tech systems have become a "pain point" in financial services, and VC firms have backed newcomers trying to push aside traditional vendors and win over banks and credit unions.
May 3 -
Community banks in the state have struggled to attract the funds to meet surging loan demand, but that could change now that a new law has made it easier for them to accept government deposits.
May 3 -
MidFlorida Credit Union has agreed to buy the $730 million-asset Community Bank & Trust of Florida in Ocala.
May 3 -
The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns.
May 3 -
The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.
May 2 -
Give Lindsay Lawrence a big job to do and she just might find a way to make it even bigger.
May 1 -
Paul Taylor previously served as CEO of Guaranty Bancorp in Denver, which was sold in January to Independent Bank.
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