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News Stories (35 Results) - Banking

The Board of Directors of CommerceWest has approved entering into an Agreement and Plan of Reorganization and Merger (the 'Plan of Merger) with CW Bancorp and CW Interim Merger Corp., by which the Bank intends to become a wholly-owned subsidiary of... Read Story

October 12, 2020, 08:00 AM

Government stimulus has provided a security net for U.S. banks over the last few volatile months, though a new Fitch Ratings report says the remainder of the year will be important for the sector due to potential aftershocks of the coronavirus... Read Story

September 01, 2020, 09:15 AM

SAP SE announced that Valley National Bank (Valley Bank) has chosen SAP S/4HANA® Cloud to power its digital transformation journey and obtain more meaningful business insights.EY, a global leader in assurance, tax, transaction and consulting services... Read Story

August 13, 2020, 09:10 AM

Independent Banker, an award-winning magazine of the Independent Community Bankers of America (ICBA), announced its rankings of the top community bank loan producers for 2020 in the July issue.“The community banks featured on Independent Banker’s Top... Read Story

July 10, 2020, 08:00 AM

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is now accepting applications from member financial institutions for $2.5 million in AHEAD economic development grants. In response to the economic shocks caused by the COVID-19... Read Story

May 20, 2020, 09:00 AM

Funding costs dropped sharply in the fourth quarter of 2019, with some U.S. banks saying they have more room to fall as the industry implements additional price reductions and as low interest rates filter through portfolios.That's according to a new... Read Story

February 21, 2020, 09:15 AM

The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $7.2 billion in the third quarter 2019, which was $0.9 billion, or 10.9 percent, less than the previous... Read Story

January 03, 2020, 08:00 AM

The Office of the Comptroller of the Currency (OCC) announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk... Read Story

November 04, 2019, 08:00 AM

nCino, a leader in cloud banking, announced that Santander UK, one of the largest retail and commercial banks based in the UK, has adopted nCino's Bank Operating System to replace manual processes and 13 disparate legacy systems in favor of a single... Read Story

September 27, 2019, 08:00 AM

Stearns Bank has been named one of the Best Banks to Work For in 2019 by American Banker magazine. The Best Banks to Work For program was initiated in 2013 by American Banker and Best Companies Group. It recognizes U.S. banks for outstanding employee... Read Story

September 05, 2019, 09:00 AM

Bank rating Outlooks have become more skewed to the negative this year, with the global share of Negative Outlooks rising to 17% at end-1H19 from 13% at end-2018, Fitch Ratings says. The share of Positive Outlooks was 6%, down slightly over the... Read Story

July 25, 2019, 08:30 AM

Rockland Trust welcomed Blue Hills Bank customers with expanded banking services and resources. Customers will now have access to more than 95 branches throughout eastern Massachusetts, over 145 “Smart” ATMs, a suite of state-of-the-art digital... Read Story

June 10, 2019, 08:45 AM

Ankit Bhatt of U.S. Bank was named Digital Banker of the Year by American Banker. The publication noted numerous factors in determining the award, including many positive leadership traits, a score of achievements and an ability to successfully build... Read Story

June 04, 2019, 08:00 AM

Bank credit profiles have generally improved since the financial crisis, with increased capital and liquidity and more conservative underwriting standards. However, system-wide risk has not necessarily been reduced in Fitch Ratings' opinion, with... Read Story

May 22, 2019, 08:45 AM

The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2019. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual... Read Story

September 27, 2018, 08:01 AM

Triumph Bancorp, Inc. announced the completion of its acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp. Following the closing of the acquisitions, the wholly-owned bank subsidiaries of First Bancorp of Durango, Inc., The... Read Story

September 11, 2018, 08:00 AM

Heritage Commerce Corp. announced it has completed its previously announced merger of its wholly owned bank subsidiary Heritage Bank of Commerce with United American Bank effective as of the close of business on May 4, 2018. United American was a... Read Story

May 10, 2018, 07:00 AM

Morrison & Foerster LLP is advising Flagstar Bank, FSB in its acquisition of Desert Community Bank branches from East West Bank. Flagstar has signed a definitive agreement to acquire eight DCB branches located in San Bernardino County, CA, with... Read Story

November 14, 2017, 06:28 AM

The Independent Community Bankers of America® (ICBA) reiterated its concerns with the Office of the Comptroller of the Currency’s proposal to grant special-purpose bank charters to unregulated financial technology companies. In a comment letter on... Read Story

April 18, 2017, 08:00 AM

The Independent Community Bankers of America® (ICBA) called on President Donald Trump’s administration to rein in the overzealous application of fair lending laws. ICBA said despite community banks’ strong compliance systems for ensuring credit... Read Story

January 30, 2017, 07:10 AM

The former head of the statistics function and senior advisor to the director of research at the Federal Reserve Bank of New York, Kenneth Lamar was recently named an independent senior advisor to the Deloitte Center for Regulatory Strategies. Based... Read Story

July 29, 2016, 07:47 AM

Banc of California, the holding company for Banc of California, National Association, has expanded the company's undrawn, revolving line of credit from $25 million to $75 million.  The line of credit was underwritten by Wells Fargo Bank."The expanded... Read Story

April 21, 2016, 07:44 AM

The country’s biggest banks have established themselves as the strongest brands among U.S. middle market companies—a segment that is growing in the form of increased demand for credit and other banking services.    Meanwhile, the list of strongest... Read Story

December 03, 2015, 07:56 AM

Now that the Fed has maintained its near-zero target rate, most U.S. banks will remain very attentive to their cost structures given the expectation of flat to lower asset yields going forward, says Fitch Ratings. Moreover, Fitch expects many highly... Read Story

September 21, 2015, 08:03 AM

Fitch Ratings views the 2015 Dodd-Frank Act Stress Test (DFAST) process applied to mid-tier regional banks ($10 billion-$50 billion in assets) as a positive development. While the DFAST for mid-tiers is not as rigorous as the Comprehensive Capital... Read Story

August 31, 2015, 07:13 AM

CIT Group Inc. has received approval from the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and all required state regulators to acquire OneWest Bank and its parent company IMB Holdco LLC. The transaction is expected to... Read Story

July 22, 2015, 07:27 AM

First Community Financial Partners, Inc., the holding company of First Community Financial Bank, announced that it redeemed all of the company’s $4.1 million of 8% Series A Convertible Subordinated Debt and $10.0 million of 9% Subordinated Debt on... Read Story

July 06, 2015, 07:11 AM

Triumph Bancorp, Inc., the holding company for Triumph Community Bank, N.A. and Triumph Savings Bank, SSB, announced that its subsidiary banks intend to seek regulatory approval to merge into a single bank later this year. The combined bank will... Read Story

May 27, 2015, 07:29 AM

NewBridge Bank announced it has been recognized as one of the most active bank participants nationwide during the past two years in the U.S. Treasury Department's State Small Business Credit Initiative. Lending participants in SSBCI lending... Read Story

December 31, 2014, 08:00 AM

Royal Financial, Inc. announced it has established a revolving line of credit of $4 million with The PrivateBank, a commercial bank that is headquartered in Chicago, Illinois. The line of credit is secured by a pledge of the Bank's common stock and... Read Story

November 14, 2014, 07:29 AM

Signature Bank, a New York-based full-service commercial bank, announced that it was named the second best bank in the country by Forbes in its annual list of the Best Banks in America. Signature Bank’s position advanced one notch to the second slot... Read Story

January 06, 2014, 07:49 AM

Headline earnings numbers for the largest U.S. banks have been helped considerably by large releases of loan loss reserves in the second quarter. Fitch Ratings believes that over the near term, additional modest reserve releases for these banks are... Read Story

July 22, 2013, 07:51 AM

The U.S. banking regulators' proposal to double the minimum Basel III leverage ratio, referred to as the supplementary leverage ratio, is likely to be manageable for affected banks, Fitch Ratings says. But the 6% standard is onerous for bank... Read Story

July 12, 2013, 07:13 AM

Small business loan approvals at big banks rose to a new high of 17.3%, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on, loan approvals at big banks experienced... Read Story

June 13, 2013, 07:15 AM

A number of U.S. banks again boosted holdings of collateralized loan obligations (CLOs) in the first quarter, and Fitch expects the trend to continue as banks and other CLO investors look for alternatives to low-yielding Treasurys and MBS.Stronger... Read Story

May 24, 2013, 08:02 AM