Nothing demoralizes a good employee like seeing managers tolerate a bad one.

Jodie Harris is leaving the Community Development Financial Institutions Fund this spring to be president of the Philadelphia Industrial Development Corp.

Reducing access to funding would harm both homebuyers and communities across the country.

Executives at Wayne Savings Bancshares and Main Street Financial grew progressively more comfortable with the idea of a deal during six months of talks, Wayne Savings CEO James VanSickle says.

The Maryland bank is merging with Linkbancorp in a nearly $168 million deal that would create a $3 billion-asset company. The transaction comes just months after OceanFirst Financial and Partners nixed their merger plan, citing regulatory delays.

Buckeye State Bancshares near Columbus said it would buy cross-state rival Rockhold Bancshares. Only six such deals were announced in January, making it the slowest first month of a year for M&A since the financial crisis.

Priscilla Sims Brown's values and experiences over a long and storied career were a perfect fit with Amalgamated Bank, where she became CEO in 2021.

Brady Torgerson, former president of First Security Bank-West, was sentenced to two years in federal prison after pleading guilty to fraud at two banks.

Banks expect strong global consumption of U.S. oil and gas, driven in part by the supply strain that followed Russia's invasion of Ukraine.

A community bank in Missouri plans to offer fractional stock rewards later this year, while a small bank in Utah is winding down a similar program.