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The proposed combination would create a bank with $3 billion in assets in central Virginia.August 13
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The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target.August 11
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The card giant could pay $850 million in cash for the online small-business lender, according to a person familiar with the talks.August 11
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The company said it has concerns about a large amount of accounts receivable it bought in July.August 10
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Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions.August 6
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Just eight loans had been made as of late July, six of them through a single community bank in Florida, according to new data on the federal rescue program for small and midsize companies hurt by the pandemic.August 6
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The digital bank would be sold to Megalith Financial, allowing Customers to focus on commercial lending and letting BankMobile expand more aggressively.August 6
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The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank.August 5
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Delmar Bancorp will lose its regionally associated brand when it becomes Partners Bank.August 5
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The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic.August 3
