Community banking
Community banking
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Buyout heavyweight Accel-KKR just bought a stake in Banker's Toolbox, a software company that helps community banks flag fraud. The PE firm says it was on the hunt for investments in the compliance space given the regulatory climate.
July 22 -
A fifth of the financial institutions that participated in the Small Business Lending Fund have fully left the program and an increasing number of banks are joining them before the dividend rate jumps to 9% next year.
July 22 - North Carolina
HomeTrust Bancshares in Asheville, N.C., will close six branches in North Carolina and Tennessee.
July 22 - Louisiana
Business First Bank will use state tax credits to renovate a historic building in downtown Baton Rouge, La., and move its headquarters to the facility.
July 22 -
Rep. Nydia Velazquez, D-N.Y., ranking member of the House Small Business Committee, introduced a bill Tuesday that would allow the Small Business Administration to provide backing for more loans.
July 21 -
A spike in core deposits increased funding costs and contributed to margin compression at Synovus in the second quarter. But the company could benefit from locking in liquidity now, particularly when interest rates rise.
July 21 -
The new MBS program gives FHLB members direct access to the secondary market.
July 21 - Kentucky
Porter Bancorp in Louisville, Ky., has agreed to pay $1.1 million to settle a lawsuit alleging mismanagement of a former client's employee stock ownership plan.
July 21 -
They're not ready to go all-in by putting core processing in the cloud, but community banks are experimenting with hybrid and quasi-cloud arrangements that offer low costs and rapid deployment.
July 21 -
CenterState Banks in Davenport, Fla., has a new president and chief executive.
July 21 -
On the five-year anniversary of Dodd-Frank, it's time to increase accountability and transparency at the CFPB. Congress should start by passing a bill that would overhaul the agency's organizational structure from a single-director model to a bipartisan, five-person commission appointed by each incoming president.
July 21 -
Five years after the Dodd-Frank Act was signed into law by President Obama, it remains as controversial as when it was enacted. While partisans may debate whether the changes are good or bad, there is no doubt theyve had a sizable impact. Following are the biggest ways the system has changed.
July 21 - Georgia
Synovus Financial in Columbus, Ga., reported higher second-quarter income tied to a lower loan-loss provision.
July 21 -
If Congress fails to act swiftly, most lending supported by the SBA will shut down for much of the next two months. This would undermine recent strength in a vital component of the American economy.
July 21 -
FirstBank Holding in Lakewood, Colo., reported higher profit through the first half of this year, as both loans and deposits grew.
July 20 -
BancorpSouth in Tupelo, Miss., reported higher second-quarter profit, as an increase in loan volume offset lower yields on loans and leases.
July 20 -
American Riviera Bank in Santa Barbara, Calif., has agreed to buy Bank of Santa Barbara.
July 20 -
Wells Financial in Minnesota has completed its purchase of St. James Federal Savings & Loan Association, in a deal closely watched by members of the mutual bank community.
July 20 -
PeoplesSouth Bank in Colquitt, Ga., has agreed to buy Cadence Bancorp's Florida Panhandle branch network.
July 20 -
What asset threshold? Community banks may not be required by law to conduct stress tests, but about one in three have been asked by their examiners to do so, according to a recent survey of banks.
July 20





