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Unity Bancorp is raking in money from holding and selling 7(a) loans, but don't expect the bank to extend its operations beyond New Jersey and New York. Management learned that lesson the hard way during the financial crisis.
August 3 -
Community Bank of the Chesapeake in Waldorf, Md., has handed its chief risk officer some serious additional duties. James Burke became president of the $1.2 billion-asset bank on July 28; he will remain risk chief and an executive vice president, also.
August 3 -
Consistent marketing doesn't mean your offer gets better with each try, but it increases the odds of making a pitch when your customers are actually listening.
August 3
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Digital Asset Holdings has hired a former RBS executive to be its chief financial officer. The hire was one of several new recruits the New York blockchain startup announced Tuesday.
August 2 -
The Federal Deposit Insurance Corp. is raising concerns about potential spillover effects from depressed oil prices even as banks had sounded more optimistic. Tougher capital requirements for energy lenders could be on the horizon.
August 2 -
Some branch deals come with added value. A case in point is the $2 billion-asset Old Second Bancorp's agreement to buy a branch in Chicago from Talmer Bancorp in Troy, Mich. in a deal that includes deposits, assets and a vice chairman.
August 2 -
What was true in the late 1700s, the 1970s and the 1980s is still true today: bank customers want to interact with real-life people when managing finances.
August 2
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Indiana MBA taps CU mortgage officer for board seat and other credit union advocates in the news.
August 2 -
Chemung Financial in Elmira, N.Y., is calling for a do-over less than two weeks after releasing its second-quarter results.
August 1 - North Carolina
A BB&T unit that finances power equipment has a new president.
August 1 -
Old National in Evansville, Ind., reported higher quarterly profit due to securities gains and loan growth tied to its purchase of Anchor BanCorp Wisconsin.
August 1 -
While some institutions find it sensible to appoint chief operating officers to assist the CEO or as part of a succession plan, many others increasingly choose to go without a COO.
August 1
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Credit unions give back with book drives, first-time homebuyer tutorials and more.
July 31 -
As chief operating officers see their roles altered through industry consolidation, they are also taking the lead of implementing banks' technological and strategic overhauls.
July 31 -
Provident Financial Services in Iselin, N.J., reported relatively flat quarterly results as lower fees offset loan growth.
July 29 -
Carver Bancorp in New York is dealing with a new set of challenges just months after being released from a longstanding enforcement order. The companys woes highlight the challenges for banks with narrowly constrained business models.
July 29 -
Columbia Banking System in Tacoma, Wash., reported higher quarterly profits that reflected increased lending.
July 29 -
TFS Financial in Cleveland posted a double-digit profit increase in the quarter that ended June 30 thanks to a combination of improved credit quality and lower expenses.
July 29 -
Middleburg Financial in Virginia, which recently faced criticism from its biggest investor, has a new chairman.
July 28 -
Iberiabank in Lafayette, La., neutralized the energy issues common to Gulf region lenders these days with a one-two punch of stronger fee income and robust, more profitable lending.
July 28







