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News Stories (224 Results) - Banking News

Bridge Bank is expanding its national focus on Startup Banking with a key hire, Kelly Caviglia. She joins the Technology Banking group to spearhead the bank’s ongoing work with early-stage tech and innovation companies to support their banking needs... Read Story

January 19, 2022, 07:00 AM

First Citizens BancShares, parent company of First-Citizens Bank & Trust Company announced completion of its previously announced merger with CIT Group. North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on... Read Story

January 04, 2022, 08:00 AM

WSFS Financial Corporation, the parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation, and its primary subsidiary, The Bryn Mawr Trust Company, as of January 1, 2022. In addition, in accordance with the merger... Read Story

January 04, 2022, 07:52 AM

First Financial Bancorp. announced it has completed its previously announced acquisition of Cincinnati-based Summit Funding Group, Inc., the fourth largest independent equipment financing platform in the United States. “We are excited about the... Read Story

January 04, 2022, 07:35 AM

Simmons Bank announced the creation of a new Corporate Banking Division. This new unit will provide Simmons Bank the ability to consolidate specialized lines of business loans aligning commercial and equipment finance, government and institutional... Read Story

December 27, 2021, 08:01 AM

WSFS Financial Corporation, the parent company of WSFS Bank, and Bryn Mawr Bank Corporation (BMTC), the parent company of The Bryn Mawr Trust Company, jointly announced WSFS has received all required approvals to acquire BMTC, and to merge its... Read Story

December 21, 2021, 07:52 AM

BMO Financial Group, and its indirect wholly owned Chicago-based subsidiary BMO Harris Bank announced the signing of a definitive agreement with BNP Paribas to acquire Bank of the West and its subsidiaries, with assets as of Sept. 30, 2021, of... Read Story

December 20, 2021, 08:05 AM

Webster Financial Corporation and Sterling Bancorp jointly announced that Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger between the two companies. As... Read Story

December 20, 2021, 08:02 AM

Regions Financial, the parent company of Regions Bank, entered into a definitive agreement to acquire Clearsight Advisors, a leading-edge mergers and acquisitions firm serving clients in the technology, professional services, data and information... Read Story

December 20, 2021, 07:50 AM

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group the parent company of CIT Bank, jointly announced that their previous proposal to merge the two companies has received approval from the Board of... Read Story

December 20, 2021, 07:47 AM

Synovus announced the launch of a new restaurant finance team focused on helping restaurants across the country execute strategic plans for growth while fostering relationships with established and up-and-coming names in the sector. Residing in... Read Story

December 20, 2021, 07:08 AM

According to a Bloomberg report, Bank of Montreal has expressed interest in buying BNP Paribas SA’s U.S. banking arm, according to people familiar with the matter. BMO has held initial talks about an acquisition of BNP Paribas’s Bank of the West unit... Read Story

December 17, 2021, 08:03 AM

First Republic Bank’s Board of Directors announced leadership transitions effective Jan. 1, 2022.Founder, Chairman and Co-CEO Jim Herbert will take a medical leave of absence from his executive position in response to a recent medical recommendation... Read Story

December 14, 2021, 08:04 AM

Lakeland Bancorp and 1st Constitution Bancorp announced that on December 10, 2021, the Federal Reserve Bank of New York issued a non-objection to Lakeland’s request to waive the application requirement in connection with the proposed merger of 1st... Read Story

December 14, 2021, 06:00 AM

Regions Bank completed its acquisition of Sabal Capital Partners, a diversified financial services firm that leverages an innovative, technology-driven origination and servicing platform to facilitate off-balance-sheet lending in the small balance... Read Story

December 06, 2021, 07:14 AM

CVB Financial Corp. (CVBF), the holding company for Citizens Business Bank (Citizens), announced that Citizens has received regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and... Read Story

November 29, 2021, 07:44 AM

Investors Bancorp, Inc. announced stockholders of the company approved the planned merger with Citizens Financial Group, Inc. at a special meeting of the company's stockholders. The transaction is expected to close in the first half of 2022, subject... Read Story

November 22, 2021, 07:10 AM

Anubhav Shrivastava has been named the new Head of CB Global Trade for JPMorgan Chase Commercial Banking. In this role, Anubhav will lead a team responsible for helping commercial banking clients access tailored financial solutions to manage their... Read Story

November 17, 2021, 08:02 AM

Reuters reported that BNP Paribas is working with advisers to assess a sale of its U.S. arm Bank of the West as it seeks to retreat from the American retail banking market after struggling to compete with larger and better capitalized rivals, three... Read Story

November 16, 2021, 08:05 AM

Citizens Financial Group has completed its acquisition of JMP Group LLC ("JMP"), a capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare... Read Story

November 16, 2021, 07:05 AM

Patriot National Bancorp, Inc., the parent company of Patriot Bank, N.A., and American Challenger Development Corp., announced they have entered into a definitive agreement under which Patriot will acquire American Challenger via a reverse subsidiary... Read Story

November 16, 2021, 07:00 AM

U.S. Bank announced several company-wide commitments to address the impacts of climate change on its business, customers and communities, including: Setting a goal to achieve Net Zero greenhouse gas emissions (GHG) by 2050 Setting a goal to... Read Story

November 11, 2021, 07:09 AM

The October 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third... Read Story

November 09, 2021, 07:50 AM

First Internet Bank hired Ryan Hasher as Vice President of Commercial Banking. Hasher joins First Internet Bank’s Arizona-based commercial banking team, reporting to Regional Vice President Neil Barna. “Ryan is an invaluable addition to our team,”... Read Story

November 08, 2021, 07:03 AM

Cadence Bank announced the successful closing of its previously announced merger in which legacy Cadence Bancorporation merged into BancorpSouth Bank, with BancorpSouth as the surviving company. Upon the completion of the merger, BancorpSouth was... Read Story

November 01, 2021, 07:44 AM

Stearns Bank announced Norman (Norm) Skalicky, Chairman of its Board of Directors and the Boards of its holding company and affiliate banks, will be retiring and transitioning to Emeritus status, stepping away from active participation in the... Read Story

October 29, 2021, 07:00 AM

Wells Fargo announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking, effective immediately. She reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.An industry leader in serving middle market companies, Wells... Read Story

October 25, 2021, 08:00 AM

M&T Bank Corporation announced it has received approval from the New York State Department of Financial Services and the Connecticut Department of Banking to complete the merger of M&T Bank with People's United Bank.  The combined bank will create a... Read Story

October 22, 2021, 07:00 AM

Bank of America announced its current portfolio of loans, deposits and investments to Community Development Financial Institutions (CDFIs) now exceeds $2 billion. This includes approximately $100 million in deposits to minority depository... Read Story

October 20, 2021, 07:22 AM

BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, announced their proposed merger has received final Federal Deposit Insurance Corporation approval. The FDIC approval follows recent approvals from the Mississippi... Read Story

October 15, 2021, 07:21 AM

J.P. Morgan is expanding its Commercial Banking business in South Korea to provide midcap companies with access to leading financial capabilities, a strong global network and deep market expertise. This marks the 19th country Commercial Banking has... Read Story

October 14, 2021, 06:00 AM

The PNC Financial Services Group completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank.The simultaneous conversion of BBVA USA customers and employees to PNC's network... Read Story

October 13, 2021, 07:16 AM

Columbia Banking System, the parent company of Columbia State Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, have entered into a definitive agreement under which the companies will join together in an all-stock... Read Story

October 12, 2021, 07:56 AM

Banc of California and Pacific Mercantile Bancorp announced that all required regulatory approvals for the mergers of Pacific Mercantile into the Company and Pacific Mercantile Bank into Banc of California, N.A. have been received. Subject to the... Read Story

October 04, 2021, 07:46 AM

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, jointly announced that the two companies have agreed to extend the merger agreement from October 15, 2021, to March 1... Read Story

October 01, 2021, 08:00 AM

HSBC Bank Canada announced the launch of five new sustainable finance tools for commercial and global banking clients. Available to Canadian businesses of all sizes, Green Deposits, Green Trade Finance, Green Revolving Credit Facilities... Read Story

September 28, 2021, 07:54 AM

Valley National Bancorp and Bank Leumi Le-Israel Corporation announced today they have entered into a definitive merger agreement whereby Valley will acquire Leumi, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA... Read Story

September 24, 2021, 08:00 AM

U.S. Bancorp has entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group in a transaction that will bring together two premier organizations with a focus on being the leader... Read Story

September 21, 2021, 08:05 AM

Peoples Bancorp Inc., parent company of Peoples Bank, announced it has completed its acquisition of Premier Financial Bancorp, Inc. and Premier's wholly owned subsidiaries, Premier Bank, Inc. and Citizens Deposit Bank & Trust, Inc. Peoples and... Read Story

September 20, 2021, 07:36 AM

Mitsubishi UFJ Financial Group Inc. is considering selling its U.S. banking arm, as consolidation heats up in the American financial industry, people familiar with the matter said, Bloomberg reported. According to Bloomberg, the Japanese lender is... Read Story

September 17, 2021, 08:04 AM

Associated Banc-Corp announced plans for the expansion of its lending capabilities, growth of its core businesses and transformation of its digital strategy. These plans include new higher-margin lending verticals and digital investments which are... Read Story

September 10, 2021, 07:58 AM

Citizens Financial Group and JMP Group have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a highly regarded capital markets firm that provides investment banking services... Read Story

September 08, 2021, 08:08 AM

SVB Financial Group ("SVB"), the parent of Silicon Valley Bank, has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment... Read Story

September 08, 2021, 08:03 AM

Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, announced key updates to the company’s go-forward strategy.Rob C. Holmes, President and CEO, said, “When I joined as CEO in January, I committed to formulating a detailed... Read Story

September 07, 2021, 06:00 AM

Bank of America announced the retirement of Anne Finucane, Vice Chairman, and Thomas Montag, Chief Operating Officer and President of Global Banking and Markets. Both executives are members of the company’s executive management team and report to... Read Story

August 27, 2021, 08:02 AM

Fifth Third Private Bank, a division of Fifth Third Bank, announced the creation of the Business Transition Advisory team, dedicated to preparing business owners financially and personally for a business transition or liquidity event. Leading the... Read Story

August 20, 2021, 08:03 AM

Fortis announced Jeremy Sorensen as the Commercial Market President of its Utah Market. As market president, Sorensen will lead the strategy and management of the bank's Commercial Banking team in Utah in partnership with Josh Peters, Chief Lending... Read Story

August 20, 2021, 07:15 AM

The PNC Financial Services Group announced it is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC's long-standing support for accelerating the transition to a low-carbon economy, and... Read Story

August 19, 2021, 08:00 AM

Webster Financial Corporation and Sterling Bancorp jointly announced that each company's stockholders have approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders held today. The final voting... Read Story

August 18, 2021, 07:42 AM

Funding Circle, the small business loans platform and Congressional Bank, a bank headquartered in Maryland, announced an extension of their existing lending partnership to provide more capital to small businesses across the U.S.The second phase of... Read Story

August 16, 2021, 05:47 AM

Wells Fargo announced that Charles H. Noski will retire as chairman and a member of Wells Fargo’s Board of Directors. Noski has stepped down as chairman, and he will remain as a director until he retires on Sept. 30, 2021, to facilitate the... Read Story

August 10, 2021, 08:00 AM

BancorpSouth Bank shareholders voted to approve its merger with Cadence Bancorporation, the parent company of Cadence Bank, during a special meeting of its shareholders. This is a critical step toward completing the previously announced merger... Read Story

August 10, 2021, 07:20 AM

Citizens Financial Group entered into a definitive agreement to acquire Willamette Management Associates, a valuation consulting and forensic analysis firm with offices in Chicago, Atlanta and Portland, Ore. This transaction further strengthens the... Read Story

August 06, 2021, 07:46 AM

Newtek Business Services, an internally managed business development company (“BDC”), entered into an agreement to acquire National Bank of New York City (“NBNYC” or the “Bank”), a nationally chartered bank with approximately $204 million in total... Read Story

August 03, 2021, 07:44 AM

Citizens Financial Group and Investors Bancorp announced that they have entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.The... Read Story

July 28, 2021, 08:20 AM

CVB Financial Corp., the holding company for Citizens Business Bank, and Suncrest Bank announced they have entered into an agreement and plan of reorganization and merger, pursuant to which Suncrest will merge with and into Citizens in a stock and... Read Story

July 28, 2021, 06:00 AM

WSFS Financial Corporation, the parent company of WSFS Bank, received approval from the Office of the Comptroller of the Currency (OCC) to merge with Bryn Mawr Bank Corporation as previously reported on March 11, 2021. Subject to the remaining... Read Story

July 27, 2021, 07:59 AM

Peoples Bancorp Inc., parent company of Peoples Bank, has received all necessary regulatory approvals for the merger between Peoples and Premier Financial Bancorp, Inc., with Peoples as the surviving corporation, and for the mergers between Peoples... Read Story

July 26, 2021, 07:00 AM

SouthState Corporation and Atlantic Capital Bancshares jointly announced the signing of a definitive agreement pursuant to which Atlantic Capital will merge with and into SouthState in an all-stock transaction with an aggregate value of approximately... Read Story

July 23, 2021, 07:10 AM

First Citizens BancShares Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced the proposal to merge the two companies has received regulatory approval from the... Read Story

July 15, 2021, 08:01 AM

F.N.B. Corporation and Howard Bancorp announced the signing of a definitive merger agreement for FNB to acquire Howard, including its wholly-owned banking subsidiary, Howard Bank, in an all-stock transaction valued at $21.96 per share, or a fully... Read Story

July 14, 2021, 07:30 AM

The Boards of Directors of Lakeland Bancorp, the parent company of Lakeland Bank, and 1st Constitution Bancorp, the parent company of 1st Constitution Bank, have entered into a definitive Agreement and Plan of Merger, under which Lakeland will... Read Story

July 12, 2021, 08:12 AM

U.S. Bank entered into a definitive agreement to purchase PFM Asset Management LLC under its subsidiary, U.S. Bancorp Asset Management. PFM Asset Management will continue to operate as a separate entity. PFM Asset Management and U.S. Bancorp Asset... Read Story

July 09, 2021, 07:12 AM

Heritage Bank of Commerce announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending (“ABL”)/Corporate... Read Story

June 30, 2021, 08:02 AM

Carver Bancorp, the holding company for Carver Federal Savings Bank ("Carver"), a certified Minority Depository Institution ("MDI"), and Bank of America closed a Senior Secured Social Impact Revolving Credit Facility with BlackRock's Alternative... Read Story

June 18, 2021, 07:33 AM

Wells Fargo announced that Ruth Jacks has been named head of Data and Transformation for Commercial Banking. She joined the company June 14 and reports to Perry Pelos, head of Commercial Banking.In this newly created leadership role, Jacks is... Read Story

June 17, 2021, 07:00 AM

WSFS Financial Corporation and Bryn Mawr Bank Corporation, jointly announced that their respective stockholders approved the previously announced merger of BMTC into WSFS at a special meeting of stockholders for each company.“Stockholder approval... Read Story

June 11, 2021, 07:07 AM

Huntington Bancshares announced it has closed its merger with TCF Financial Corporation, creating a Top 25 U.S. bank holding company.The combination positions Huntington for enhanced profitability and scale, revenue growth opportunities, significant... Read Story

June 09, 2021, 07:47 AM

The PNC Financial Services Group, Inc. announced the completion of its acquisition of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary BBVA USA. Through this transaction, PNC is now the fifth-largest U.S. commercial banking... Read Story

June 02, 2021, 06:00 AM

HSBC Holdings will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval. They include: Exiting 90 branches out of a current branch network of 148 branches HBUS will retain a small... Read Story

May 28, 2021, 08:04 AM

Webster Bank announced expanded roles for Regional Presidents in Connecticut. Timothy D. Bergstrom, Regional President, will now oversee the Hartford, New Haven and Middlesex county markets including greater Bristol, New Britain, Hartford and New... Read Story

May 28, 2021, 07:43 AM

M&T Bank Corporation and People's United Financial, Inc. jointly announced that, at their respective special meetings of shareholders, they each received the necessary shareholder approvals for the consummation of the merger of People's United into... Read Story

May 27, 2021, 07:00 AM

Huntington Bancshares Incorporated and TCF Financial Corporation jointly announced that the Board of Governors of the Federal Reserve System (the Federal Reserve Board) and the Office of the Comptroller of the Currency, with input from the United... Read Story

May 26, 2021, 07:00 AM

Truist Financial announced the expansion of the Truist Commercial Community Bank's Industry Consulting team, adding waste and environmental services and building products to its growing list of industry specialties. Truist's Commercial Community Bank... Read Story

May 21, 2021, 08:00 AM

JPMorgan Chase announced details about Morgan Health, a new business unit focused on improving the quality, efficiency, and equity of employer-sponsored healthcare. The new group will be led by Dan Mendelson, CEO of Morgan Health, reporting to Peter... Read Story

May 21, 2021, 07:40 AM

Customers Bank, a digital forward financial institution with approximately $18.8 billion in assets, is expanding the bank’s Midwest presence based in Chicago as part of the bank’s national expansion. The bank is also opening new commercial banking... Read Story

May 13, 2021, 07:00 AM

BHI announced a restructuring of the bank’s business team to accommodate its current growth, fulfil the execution of BHI’s strategic plan, position the bank for further expansion and reinforce its industry expertise in specific sectors. John Yoler... Read Story

May 03, 2021, 08:12 AM

Signature Bank announced several management appointments, promotions and transitions, all of which will address its progress to date and future growth and initiatives.After 21 years of dedicated service, Mark Sigona, Senior Executive Vice President... Read Story

April 23, 2021, 08:10 AM

Webster Financial Corporation and Sterling Bancorp jointly announced their boards of directors have approved by unanimous vote a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total... Read Story

April 19, 2021, 08:03 AM

BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, N.A., jointly announced that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more... Read Story

April 12, 2021, 08:09 AM

Sterling National Bank entered into a Banking as a Service agreement with BrightFi, a provider of cloud-based digital banking platform technology and services to regional and community banks and non-bank entities.This collaboration with BrightFi... Read Story

April 12, 2021, 07:00 AM

JPMorgan Chase Commercial Banking announced a new Green Economy specialized industry team, which will provide dedicated banking services and expertise to companies that produce environmentally-friendly goods and services or focus on environmental... Read Story

April 09, 2021, 08:00 AM

Eastern Bankshares, the stock holding company for Eastern Bank, and Century Bancorp, the stock holding company for Century Bank and Trust Company, jointly announced they have entered into a definitive all-cash merger agreement with an aggregate... Read Story

April 08, 2021, 07:37 AM

Peoples Bancorp and Premier Financial Bancorp jointly announced the signing of a definitive agreement and plan of merger pursuant to which Peoples will acquire, in an all-stock merger, Premier, a bank holding company headquartered in Huntington, West... Read Story

March 30, 2021, 07:55 AM

Huntington Bancshares Incorporated and TCF Financial Corporation jointly announced each company's shareholders have approved the proposed merger of TCF into Huntington at their respective special meetings of shareholders."Today's shareholder approval... Read Story

March 26, 2021, 07:00 AM

Banc of California, the holding company of Banc of California, and Pacific Mercantile Bancorp, the holding company of Pacific Mercantile Bank, announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile... Read Story

March 23, 2021, 08:16 AM

Stearns Bank is well-positioned for expansion, adding three seasoned executives to explore new opportunities. Stearns Bank hired Al Doering as Chief M&A Officer, a newly created executive level role. Doering previously worked with Stearns Bank as its... Read Story

March 12, 2021, 08:14 AM

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced it has successfully transitioned Melrose Bank customers and added CSB’s 17th physical location. Following the... Read Story

March 12, 2021, 07:15 AM

WSFS Financial Corporation and Bryn Mawr Bank Corporation jointly announced the signing of a definitive merger agreement whereby Bryn Mawr Bank Corporation (“Bryn Mawr”) will merge with WSFS Financial Corporation (“WSFS”), in a transaction valued at... Read Story

March 11, 2021, 08:10 AM

Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR LLC and Reverence Capital Partners, L.P. This sale includes Wells Fargo Bank N.A.’s business of acting as trustee to its collective investment... Read Story

February 23, 2021, 08:20 AM

M&T Bank Corporation and People's United Financial, Inc. announced they have entered into a definitive agreement under which M&T will acquire People's United in an all-stock transaction.The combined company will create a diversified... Read Story

February 22, 2021, 08:20 AM

TCF’s Middle Market team has been named a winner of the 2020 Greenwich Excellence Award for U.S. Middle Market Banking in two regional categories: Cash Management - Overall Satisfaction (Midwest) and Likelihood to Recommend (Midwest).Greenwich... Read Story

February 22, 2021, 05:00 AM

TCF Capital Solutions has acquired BB&T Commercial Equipment Capital, Corp. (“CEC”), which includes a portfolio of approximately $1 billion of equipment finance leases and loans. CEC was Truist Bank’s national small-ticket equipment leasing and... Read Story

February 01, 2021, 08:00 AM

Dave, the banking app, secured a $100 million credit facility from Victory Park Capital (VPC). The funding will support the growth of Dave’s banking product and accelerate the company’s expansion into new products and features.In 2020, Dave rolled... Read Story

January 29, 2021, 08:03 AM

TD Bank has combined its previous Commercial and Corporate and Specialty Banking teams to create a new Commercial Bank. The new Commercial Bank will drive growth, deliver a better client and colleague experience and create efficiencies."Our... Read Story

January 29, 2021, 08:00 AM

The Toronto-Dominion Bank (TD) and Wells Fargo & Company announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian Direct Equipment Finance business.The acquisition of Wells Fargo's Canadian... Read Story

January 15, 2021, 08:17 AM

Investors Bancorp extinguished $1 billion in wholesale funding with an average rate of 2.01%. A portion of the wholesale funding was extinguished in October, while the remainder was extinguished on December 22, 2020. The Company incurred $24 million... Read Story

December 30, 2020, 08:00 AM

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank are proud to announce that NJBankers recently recognized Matthew Remo as a “Rising Star” of the New Jersey banking industry at its virtual awards ceremony held on November 5, 2020.... Read Story

November 20, 2020, 06:00 AM

Commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020, a 34 percent decline from 2019's record volume of $601 billion, according to a new forecast released today by the... Read Story

November 09, 2020, 09:00 AM

The Office of the Comptroller of the Currency (OCC) issued a rule that determines when a national bank or federal savings association (bank) makes a loan and is the “true lender,” including in the context of a partnership between a bank and a third... Read Story

October 28, 2020, 09:00 AM

Amid the fallout from the coronavirus-induced global pandemic, banks in North America will continue to face a challenging operating environment throughout the medium term, Fitch Ratings says. Industry trends within North America that were emerging... Read Story

October 12, 2020, 09:05 AM

The banking industry reported quarterly net income of $18.8 billion during the second quarter, a 70 percent decline from one year ago, according to data released by The Federal Deposit Insurance Corp.  Slightly less than one-half of all banks... Read Story

August 26, 2020, 09:05 AM

ABN AMRO announced that going forward its Corporate & Institutional Banking (CIB) group will exit all non-European corporate banking activities, focusing on clients in Northwest Europe. Trade & Commodity Finance activities will be discontinued... Read Story

August 17, 2020, 08:55 AM

Following its stress tests earlier this year, the Federal Reserve Board on Monday announced individual large bank capital requirements, which will be effective on October 1.Under its framework for large banks—those with more than $100 billion in... Read Story

August 11, 2020, 08:47 AM

Fitch Ratings' new interactive country-by-country map of bank rating trends shows that the balance of Outlooks globally has turned sharply negative since the onset of the coronavirus pandemic. The proportion of bank ratings on Negative Outlook or... Read Story

August 10, 2020, 09:05 AM

Sterling Bancorp announced that its principal subsidiary Sterling National Bank is introducing its new Banking-as-a-Service (“BaaS”) program, which provides a wide range of customized products, payment and back office capabilities for FinTech and... Read Story

July 14, 2020, 09:05 AM

The Financial Stability Board (FSB) reiterated its position that transformational changes to the global banking system must continue despite the CoVID-19 crisis.The FSB’s Official Sector Steering Group (OSSG) is monitoring the developments closely... Read Story

July 13, 2020, 09:00 AM

The Federal Reserve Board issued a series of new restrictions on large banks following recent stress tests for 2020 that included additional sensitivity analyses that the Board conducted in light of the coronavirus event.For the third quarter of this... Read Story

June 29, 2020, 08:35 AM

Canadian banks took massive provisions in 2Q20, and earnings plummeted 50.1% year-over-year given rapid deterioration in banks' economic outlooks due to the coronavirus pandemic, disrupting 2020 operating plans, according to a new report from Fitch... Read Story

June 18, 2020, 09:20 AM

Peoples Bank SB, the wholly-owned subsidiary of NorthWest Indiana Bancorp, announced today that as of May 11, 2020 it has received the approvals of the applications filed by Peoples Bank with the Indiana Department of Financial Institutions and the... Read Story

May 18, 2020, 09:05 AM

While the vast majority of the largest U.S. banks reported positive earnings in 1Q20, profitability will become more challenging going forward as the impact of the coronavirus pandemic sets in, according to Fitch Ratings latest U.S. Banking Quarterly... Read Story

May 11, 2020, 09:10 AM

The Libor-OIS spread, a closely watched metric showing stress in the interbank lending market, has returned to pre-crisis levels as financial markets' coronavirus-related anxiety dissipates.The spread measures the difference between the three-month... Read Story

May 07, 2020, 09:00 AM

Commercial loan growth reaccelerated across much of the U.S. banking industry as lenders began to fund federally backed small business loans and prepared to start processing a second round of applications under the coronavirus relief program... Read Story

April 28, 2020, 09:05 AM

State banking groups issued a call to Congress for what they view as an opportunistic move by credit unions to receive favorable policy changes as a result of Covid-19, particularly expansion of the Member Business Loan cap.In a letter to... Read Story

April 24, 2020, 09:30 AM

First-quarter earnings reports by the four largest U.S. banks marked an emphatic turn in the credit cycle, as multi-billion dollar reserve builds delivered on market expectations and drove year-over-year declines in EPS that ranged from 43% for Bank... Read Story

April 21, 2020, 09:15 AM

After posting a dismal earnings report, with a 45% drop in profits for the first quarter, Bank of America announced it will set aside $3.6 billion to cover delinquent loans in the quarter.JPMorgan Chase and Wells Fargo have taken similar actions.... Read Story

April 16, 2020, 09:16 AM

A corporate scramble for cash and massive injections of liquidity by the Federal Reserve are reverberating across the balance sheets of U.S. commercial banks, with commercial and industrial loans registering the biggest week-over-week increase in... Read Story

April 01, 2020, 09:26 AM

MUFG announced that it recorded extraordinary losses associated with a one-time amortization of goodwill ("amortization") in its consolidated financial statements for the fiscal year ending March 31, 2020 following impairment losses on shares of PT... Read Story

March 31, 2020, 09:09 AM

Comptroller of the Currency Joseph M. Otting made the following statement during a Financial Stability Oversight Council meeting regarding the condition of the federal banking system and its response to the COVID-19 national emergency."Thank you, Mr.... Read Story

March 27, 2020, 09:00 AM

Tech CU announced that it has expanded its commercial banking relationship with Keep IT Simple, a company focused on helping other businesses solve complex IT challenges. Based in the Bay Area for more than 30 years, Keep IT Simple is now using Tech... Read Story

March 13, 2020, 08:55 AM

GreatAmerica Financial Services Corporation announced it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish GreatAmerica Bank, an industrial bank to... Read Story

March 06, 2020, 09:10 AM

Bank rating Outlooks are still skewed to the negative, although less so than six months' ago, Fitch Ratings says. The global share of Negative Outlooks was 13% at end-2019 and the share of Positive Outlooks 5%, compared with 17% and 6%, respectively... Read Story

January 24, 2020, 09:05 AM

The Fed has recently stepped in to ameliorate repo market volatility; however, the structural issues leading U.S. banks to hoard cash seems likely to persist, according to a new dashboard report from Fitch Ratings. This may continue to present... Read Story

December 18, 2019, 09:00 AM

More than half of the survey respondents (51%) are using AI simply for point solutions and individual tasks, with 27% testing in pilots, and only 19% leveraging it across the bank holistically. With pressures mounting from fintechs and other non-bank... Read Story

December 11, 2019, 08:00 AM

The ratings and sector outlooks for U.S. banks, while stable, reflect the weakening economic operating environment evidenced by a flat yield curve and declining business confidence, as well as the effects of the Fed's loose monetary policy and a... Read Story

November 26, 2019, 08:59 AM

Reliant Bancorp, Inc., the parent company for Reliant Bank, announced that it has entered into a definitive agreement to acquire First Advantage Bancorp, the parent company for First Advantage Bank (“FAB”), located in Clarksville, Tennessee. The... Read Story

October 24, 2019, 09:15 AM

Santander Bank unveiled its global Santander Cash Nexus solution for Commercial Banking and Corporate and Investment Banking clients in North America. This new platform offers clients a comprehensive suite of global connectivity solutions and... Read Story

October 22, 2019, 08:15 AM

With markets concerned about a potential turn in the economy, one-off credit issues could weigh on U.S. regional banks' third-quarter earnings season, according to a new briefing paper by analysts from S&P Global Market Intelligence.Margin pressure... Read Story

October 17, 2019, 09:00 AM

Appetite for the U.S. dollar has been shrinking to unprecedented levels among the world's central banks, reflecting their fear of uncertainty in U.S. economic policy and the American political landscape, says Derek Halpenny, Head of Research with... Read Story

September 30, 2019, 08:55 AM

As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from... Read Story

September 16, 2019, 08:50 AM

For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $62.6 billion in second quarter 2019, an increase of $2.5 billion (4.1 percent) from a year earlier. The... Read Story

September 09, 2019, 08:00 AM

The world's 12 largest investment banks posted combined revenues of $76.8 billion in the six months to June-end, their lowest aggregate first-half results since 2006, according to the latest sector index released by business intelligence firm... Read Story

September 06, 2019, 08:55 AM

Capital One has entered into an agreement to acquire KippsDeSanto & Co. a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies. Based in Tysons Corner, Va. in the... Read Story

August 20, 2019, 09:00 AM

Profitability at U.S. banks with less than $10 billion in assets has declined in the second quarter, according to an analysis of results reported through July 26 conducted by S&P Global Market Intelligence.The median return on average equity among... Read Story

August 02, 2019, 08:50 AM

A new report from Citizens Commercial Banking finds that 90 percent of businesses expect real-time payments, the super-fast, new standard in U.S. billing and payment processing that is currently being deployed, to dramatically transform the way... Read Story

May 24, 2019, 09:00 AM

New data from Juniper Research has found that fintech platform revenues will reach $638 billion by 2024, up from an estimated $263 billion in 2019; driven by increasing consumer acceptance of fintech-powered solutions.According to the new research... Read Story

May 15, 2019, 09:15 AM

Big banks are holding their own against a rising tide of new financial technology companies, according to data released by LinkedIn; however stringent regulations and fallout from critical news headlines is creating new challenges for some of the... Read Story

April 22, 2019, 09:15 AM

Mechanics Bank and Rabobank, N.A., a subsidiary of Rabobank Group, announced Mechanics Bank and Rabobank Group have entered into a definitive agreement pursuant to which Mechanics Bank will acquire Rabobank, N.A. in a strategic business combination... Read Story

March 18, 2019, 09:02 AM

SunTrust Banks, Inc. and BB&T Corporation announced both companies' boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the... Read Story

February 07, 2019, 09:00 AM

MUFG Union Bank, N.A. announced it has completed the acquisition of Intrepid Investment Bankers LLC (Intrepid), a leading Los Angeles-based regional middle market investment banking firm. The acquisition expands the bank's client service capabilities... Read Story

January 10, 2019, 07:10 AM

Most large banks said that providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programs, and many expect Open Banking to help them achieve double-digit revenue growth, according... Read Story

December 03, 2018, 08:02 AM

Recently proposed changes to how regulatory capital and liquidity is managed and reported at U.S. large regional banks continues the bifurcation of regulatory relief between Global Systemically Important Banks (GSIBs) and smaller peers, says Fitch... Read Story

November 06, 2018, 07:00 AM

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $60.2 billion in the second quarter of 2018, up $12.1 billion (25.1 percent) from a year ago. The improvement in... Read Story

August 31, 2018, 08:02 AM

Ninety percent of U.S. bank chief executives (CEOs) are very confident about the growth prospects for their companies over the next three years, with mergers and acquisitions (M&A) and third-party strategic alliances helping fuel this growth... Read Story

July 23, 2018, 07:21 AM

KeyBank announced the acquisition of a digital lending platform for small businesses created by Bolstr. The fintech software, expected to be implemented in 2018, will enable KeyBank to provide faster and easier access both to SBA loans and to... Read Story

June 21, 2018, 07:08 AM

U.S. bank profits are projected to reach pre-crisis levels but CECL could slow overall balance sheet growth, according to a new report from S&P Global Market Intelligence that also questions the benefits of newly enacted tax reforms. S&P Global... Read Story

May 31, 2018, 08:02 AM

Competitive pressures from banks and nonbanks are contributing to easing in underwriting, increasing the risk that sound pricing structures and practices may be compromised, according to a new report from the Office of the Comptroller of the Currency... Read Story

May 29, 2018, 09:00 AM

Fifth Third Bancorp and MB Financial, Inc. jointly announced the signing of a definitive merger agreement under which MB Financial will merge with Fifth Third in a transaction valued at approximately $4.7 billion. Approximately 90 percent of the... Read Story

May 21, 2018, 07:40 AM

The latest global bank rankings report from S&P Global Market Intelligence found that Chinese banks continued to expand in 2017, accounting for a fifth (18) of the world’s largest banks, collectively reporting $23.761 trillion in assets at the end of... Read Story

May 17, 2018, 08:00 AM

A new report from Accenture has found that many banks have not invested in the capabilities to verify the validity and accuracy of their data. According to the report, Banking Technology Vision 2018, banks have always held a large volume of... Read Story

April 24, 2018, 08:00 AM

Triumph Bancorp, Inc. announced that it has signed definitive agreements to acquire First Bancorp of Durango, Inc. and Southern Colorado Corp. The company also announced the entry into an asset purchase agreement by Advance Business Capital d/b/a... Read Story

April 10, 2018, 07:14 AM

PacWest Bancorp announced it has agreed to sell cash flow loans with an aggregate carrying value of $1.49 billion as of November 30, 2017 and expects to recognize a pre-tax gain of approximately $13 million. In connection with the sale of this... Read Story

December 11, 2017, 07:16 AM

Blumberg Capital's Annual FinTech Survey finds more than two-thirds of Americans are looking for banks to provide new FinTech solutions. Consumers remain loyal to big banks despite a majority of Americans believing that traditional financial... Read Story

October 12, 2017, 07:20 AM

Bank of America announced that Berkshire Hathaway Inc. exercised its warrants to purchase 700 million shares of Bank of America common stock using the Series T preferred shares Berkshire Hathaway acquired through its investment in Bank of America in... Read Story

September 01, 2017, 08:01 AM

Increased issuance of asset-backed securities (ABS) by U.S. banks and nonbank financial institutions (NBFIs) could affect some issuers' credit profiles if it leads to a sustained increase in secured wholesale funding sources, says Fitch Ratings.... Read Story

August 09, 2017, 07:17 AM

Pacific Western Bank (PWB) has launched a Tax-Exempt Lending Group to focus on the capital needs of municipalities, schools and school districts, non-profits and other issuers of tax-exempt debt. This group will add to the bank’s already diverse... Read Story

February 15, 2017, 07:31 AM

Citizens Bank announced that Citizens Commercial Banking is partnering with Opportunity Network to offer Citizens’ clients access to an innovative business-to-business networking platform designed to promote growth by connecting business owners to a... Read Story

February 08, 2017, 07:01 AM

Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks.... Read Story

December 21, 2016, 07:33 AM

From the fourth quarter Phoenix Management "Lending Climate in America" Survey, results shows a positive outlook on the U.S. economy in both the near and long term. Lenders confidence on how they expect the U.S. economy to perform beyond the next 6... Read Story

December 19, 2016, 08:00 AM

Opus Bank announced that Frederic Stupart has joined Opus’ Merchant Banking division and Opus Financial Partners, the Bank’s broker-dealer subsidiary, as Managing Director, Financial Sponsors Group. Stupart, an investment banking and private equity... Read Story

December 06, 2016, 07:22 AM

Wells Fargo announced that it has tapped John Ritacco as an executive advisor for Middle Market Banking in greater New York.Ritacco, retired president and chief executive officer of the former CMS Bancorp, Inc., which was recently acquired by PCSB... Read Story

December 05, 2016, 07:31 AM

The October 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. This summary discusses the... Read Story

November 14, 2016, 07:46 AM

TD Bank Group announced that Mike Pedersen, President and Chief Executive Officer of TD Bank, has informed the Bank of his intention to retire in the summer of 2017. TD has named Greg Braca, current Head of Corporate and Specialty Banking, as Chief... Read Story

October 28, 2016, 07:53 AM

First Tennessee Bank is expanding its focus on businesses with specialized banking needs by hiring bankers with extensive experience in four areas: franchise finance, healthcare finance, music industry banking and structured equipment finance. By... Read Story

October 19, 2016, 07:56 AM

Wells Fargo & Company announced that Chairman and Chief Executive Officer John Stumpf has informed the Company’s Board of Directors that he is retiring from the Company and the Board, effective immediately. The Board has elected Tim Sloan, the... Read Story

October 13, 2016, 07:37 AM

GA Europe, a leading retail restructuring specialist and a division of Great American Group (GA), has assumed control of significant assets of the Dutch plus size retailer, MS Mode Nederland B.V., which filed for insolvency on August 11th. GA Europe... Read Story

October 11, 2016, 07:22 AM

SS&C Technologies Holdings, Inc., a global provider of financial services software and software-enabled services, released a study that reveals a disconnect among the banking sector’s readiness for Current Expected Credit Loss (CECL). According to... Read Story

October 06, 2016, 07:12 AM

First Financial Bancorp, parent company of First Financial Bank, N.A. is positioning itself for continued growth with the announcement of senior leadership changes in alignment with the company's strategic initiatives.To accelerate execution, First... Read Story

September 08, 2016, 06:53 AM

MB Financial, Inc., the parent company of MB Financial Bank, N.A., announced it has completed its merger with American Chartered Bancorp, Inc. (“American Chartered”), and its wholly owned bank subsidiary,  American Chartered Bank has been merged into... Read Story

August 25, 2016, 07:09 AM

The FASB's new standard on accounting for credit losses on financial instruments will affect US banks' reserving practices, says Fitch Ratings. However, it will be manageable as banks have adequate time to prepare for implementation.The new standard... Read Story

July 21, 2016, 07:38 AM

CIBC announced that it has entered into a definitive agreement to acquire PrivateBancorp, Inc. and its subsidiary, The PrivateBank, a high-quality Chicago-based middle market commercial bank with U.S.$17.7 billion in assets, complemented by private... Read Story

June 30, 2016, 07:52 AM

Twelve percent of banking CEOs surveyed say they do not have insight into whether their institution’s security has been compromised by a cyber attack in the past two years, according to KPMG, the audit, tax and advisory firm. KPMG’s 2016 Banking... Read Story

June 07, 2016, 07:29 AM

Opus Bank announced that Michael L. Allison was elected to Opus’ Board of Directors at the Bank’s 2016 Annual Meeting of Shareholders held on Thursday, April 28, 2016. Allison joined Opus in August of 2011 and serves as Co-President and President of... Read Story

May 02, 2016, 08:06 AM

The online alternative finance market, including crowdfunding and peer-to-peer lending, is exploding in the U.S., generating more than $36 billion in funding in 2015, up from $11 billion in 2014, according to a new report published by KPMG, the... Read Story

April 12, 2016, 08:07 AM

First Niagara Financial Group and KeyCorp announced that each company’s shareholders voted in favor of the merger between the two companies. Shareholders approved the merger during special meetings held today in Buffalo, NY by First Niagara and... Read Story

March 24, 2016, 07:30 AM

Wells Fargo announced that Thomas (Tom) DuCharme has been named the new head of its Global Banking division. In his role, DuCharme will manage the sales and product development for Wells Fargo’s Global Banking operations. He is based in New York and... Read Story

March 18, 2016, 08:06 AM

First Community Financial Partners, Inc., the parent company of First Community Financial Bank announced the hiring of an experienced commercial banking team.  The five-person team of seasoned banking professionals will focus on serving the needs of... Read Story

March 07, 2016, 08:03 AM

Fortune magazine named U.S. Bancorp the most admired superregional bank today, the sixth consecutive year that it has topped the list.“Integrity and ethics are fundamental to how we do business," said Richard Davis, chairman and chief executive... Read Story

February 22, 2016, 07:42 AM

Huntington Bancshares Incorporated and FirstMerit Corporation jointly announced  the signing of a definitive merger agreement under which Ohio-based FirstMerit Corporation, the parent company of FirstMerit Bank, will merge into Huntington in a stock... Read Story

January 26, 2016, 07:30 AM

KeyCorp announced today that they have entered into a definitive agreement under which KeyCorp will acquire First Niagara in a cash and stock transaction for total consideration valued at approximately $4.1 billion.First Niagara, headquartered in... Read Story

October 30, 2015, 08:03 AM

Cascade Bancorp, the holding company for Bank of the Cascades, announced the hiring of a commercial banking team in the Seattle Metro Area led by veteran banker Brandon Elieff who brings over 15 years of experience in middle market C&I and business... Read Story

October 13, 2015, 07:31 AM

The Biz2Credit August Small Business Lending Index dropped by 0.1 points for big and small banks, an indication that the SBA budget scare effected growth in loan demand. Another key finding of the monthly analysis of 1,000 loan applications from... Read Story

September 10, 2015, 07:56 AM

Chinese banks, especially mid-tier lenders, are likely to continue facing profitability and capitalisation pressures in the near term, says Fitch Ratings. Fitch expects that the macroeconomic slowdown will continue to result in weakening asset... Read Story

September 08, 2015, 07:31 AM

GE announced an agreement to sell GE Capital Bank’s U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA (“GS Bank”). Under this agreement... Read Story

August 14, 2015, 07:52 AM

The Federal Reserve Board on Monday approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically... Read Story

July 21, 2015, 07:56 AM

Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in March 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications... Read Story

April 14, 2015, 07:23 AM

The Independent Community Bankers of America® (ICBA) told Congress that excessive financial regulations have crossed a line by harming the customers they are supposed to protect. By cutting off access to credit to creditworthy borrowers, regulatory... Read Story

March 23, 2015, 07:16 AM

Fitch Ratings noted the Mar. 5 release of the Dodd-Frank Act Stress Test (DFAST) results showed all 31 U.S. bank holding companies passing minimum capital ratio requirements, demonstrating very modest improvements in projected loan losses and mostly... Read Story

March 09, 2015, 08:04 AM

Triumph Bancorp, Inc. announced that it, through its wholly owned subsidiary Triumph Capital Advisors, LLC, has acquired all the equity of Doral Money, Inc. and certain related assets in connection with the Federal Deposit Insurance Corporation's... Read Story

March 04, 2015, 07:16 AM

U.S. banks with higher exposures to the energy sector should withstand the recent declines in energy prices over the near-term, says Fitch Ratings. The ultimate impact will be driven by the duration and severity of price declines, as well as the... Read Story

January 19, 2015, 07:46 AM

Signature Bank, a New York-based full-service commercial bank, announced today that it was named the best bank in America by Forbes in the publication’s annual list of America’s Best and Worst Banks 2015. Signature Bank has consistently appeared on... Read Story

January 06, 2015, 07:15 AM

The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks is generally unchanged in 2014 from the prior year, federal banking agencies said Friday. In a supplemental report... Read Story

November 11, 2014, 07:25 AM

Faced with losing market share to non-traditional competitors, senior bank executives say they are squarely focused on improving the customer experience and transforming their businesses at the strategic, operational and structural level, according... Read Story

July 30, 2014, 07:14 AM

Citigroup announced that it has reached an agreement to settle the ongoing investigation of the Residential Mortgage-Backed Securities (RMBS) Working Group, part of the Financial Fraud Enforcement Task Force. The agreement resolves actual and... Read Story

July 15, 2014, 07:08 AM

Big banks are now approving one-in-five small business loan applications, a post-recession high, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on for June 2014. Meanwhile... Read Story

July 09, 2014, 07:42 AM

The Federal Deposit Insurance Corporation (FDIC) released a research study on long-term consolidation in banking and the implications of this trend for community banks. Drawing from data over the last thirty years, the paper finds that community... Read Story

April 14, 2014, 07:36 AM

A shift by U.S. banks to increase the proportion of securities classified as held-to-maturity (HTM) likely signals an attempt to reduce capital volatility, especially during periods of rising interest rates, according to Fitch Ratings. Banks will... Read Story

March 19, 2014, 07:51 AM

Center Bancorp, Inc. and ConnectOne Bancorp, Inc. jointly announced that they have entered into a definitive agreement to merge, in a transaction valued at $243 million, based on the closing price of Center common stock on January 17, 2014.Based on... Read Story

January 21, 2014, 07:44 AM

Small business loan approval rates at big banks ($10 billion+ in assets) increased to an all-time index high of 17.6% in December 2013 from 17.4% in November, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan... Read Story

January 09, 2014, 07:44 AM

Fannie Mae has reached a $591 million agreement with Wells Fargo to resolve repurchase requests on certain loans originated prior to 2009.  After adjustments for prior repurchases, Wells Fargo will pay Fannie Mae $541 million in the fourth quarter of... Read Story

December 31, 2013, 07:32 AM

The Independent Community Bankers of America (ICBA) said it remains deeply concerned with Volcker Rule provisions requiring banks to permanently write down their holdings of collateralized debt obligations (CDOs) backed by trust-preferred securities... Read Story

December 30, 2013, 07:24 AM

The October 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. Domestic banks, on balance, reported... Read Story

November 18, 2013, 08:00 AM

The proposed U.S. rule covering minimum liquidity requirements for large banks would enforce a tougher standard than the Basel III international framework outlined in January. Fitch Ratings sees the proposed U.S. rule as generally positive for bank... Read Story

October 28, 2013, 07:56 AM

From the first quarter Phoenix Management “Lending Climate in America” Survey, results show that lenders have shifted lending expectations from negative to positive. When asked about domestic lending, 48% of lenders feel that it will increase in the... Read Story

October 24, 2013, 08:03 AM

An inter-agency review of complex loans commonly held by multiple U.S. and foreign financial institutions indicates that improvements in asset quality have stalled year-over-year and underwriting standards have diminished post-crisis, highlighting... Read Story

October 15, 2013, 07:21 AM

Moody's Investors Service has placed the senior and subordinated debt ratings of the holding companies for the six largest US banks on review as it considers reducing its government (or systemic) support assumptions to reflect the impact of US bank... Read Story

August 23, 2013, 08:01 AM

Plaza Bank, based in Irvine, CA, announced recent additions to its team which include Eric Fenmore as vice president in its asset-based lending group. Other appointments include Sally K. Myers, who has nearly two decades of risk management in... Read Story

July 16, 2013, 07:24 AM

Reuters reported that U.S. banks have given a proposal to federal regulators on how to pay for restructuring the country's too-big-to-fail institutions in the event of a future crisis, the Wall Street Journal reported, citing people familiar with the... Read Story

June 24, 2013, 07:16 AM

Competitive pricing and easier terms offered by U.S. banks on commercial and industrial (C&I) loans likely signal weakening asset quality for many commercial lenders, according to Fitch. Fitch expects some deterioration in C&I credit quality... Read Story

May 31, 2013, 07:29 AM

Small business loan approvals improved to an all-time index high of 16.8% at big banks, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Lending approvals jumped in April after... Read Story

May 10, 2013, 07:31 AM

According to Fitch Ratings, approval of a Financial Accounting Standards Board (FASB) proposal on the treatment of credit losses for loans and other financial assets could eventually force U.S. banks to book expected losses early, putting pressure on... Read Story

March 14, 2013, 08:03 AM

According to Bloomberg, the Federal Reserve said 17 of the 18 largest U.S. banks could withstand a deep recession and maintain capital above a regulatory minimum. According to the report, only Ally Financial Inc., the auto lender majority-owned by U... Read Story

March 08, 2013, 07:16 AM

Tentative signs of a pickup in large leveraged buyout and M&A transactions, financed in large part by leveraged loans, may boost fee revenues for major U.S. banks in the first quarter, but Fitch sees the potential for any sustained rise in deal... Read Story

March 06, 2013, 07:31 AM

Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years. The reports cites data compiled by Credit Suisse Group AG which shows the average... Read Story

February 21, 2013, 08:04 AM

U.S. banks holding large levels of nonperforming assets (NPAs) on their balance sheets are likely to pursue more bulk sales of distressed loans this year and next, according to Fitch Ratings. Four years after non-accruals began to spike during the... Read Story

February 13, 2013, 07:19 AM

Fifth Third Bank announced that it has extended more than $13 billion in new and renewed credit to business customers from October through December 2012. During 2012, Fifth Third Bank lent nearly $34 billion to businesses throughout its footprint.... Read Story

January 21, 2013, 08:15 AM

According to Fitch Ratings, the agreement by regulators to change the definitions and stress assumptions in the Liquidity Coverage Ratio (LCR), delay its full implementation and allow banks to use their liquidity buffer in times of stress sets a more... Read Story

January 10, 2013, 07:10 AM

Bloomberg reported global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch. According to the report, banks won the delay to fully... Read Story

January 07, 2013, 07:18 AM

According to a Bloomberg report, banks’ loan-loss reserves may jump 50% under a proposed U.S. accounting-rule change that redefines how quickly firms must recognize bad debts, standard-setters said. The report outlines how the proposed rule pushes... Read Story

December 21, 2012, 07:14 AM

The Independent Community Bankers of America (ICBA) thanked the Federal Deposit Insurance Corp. for releasing the results of its comprehensive study on the community banking industry. The study reemphasizes the importance of community banks to the... Read Story

December 19, 2012, 07:46 AM

The Federal Reserve Board has proposed rules to strengthen the oversight of U.S. operations of foreign banks. The proposal would require foreign banking organizations with a significant U.S. presence to create an intermediate holding company over... Read Story

December 17, 2012, 07:43 AM

The Federal Reserve's 2013 stress test scenarios for U.S. banks, which include a slowdown in Asia's developing economies on top of severe U.S. and euro zone recessions, are still as tough as last year, according to Fitch Ratings. However, we believe... Read Story

November 19, 2012, 07:08 AM

According to a news release from Fitch Ratings, the firm believes that loan loss reserve releases by U.S. banks will continue, albeit at a declining pace as banks begin to approach normalized provisioning and net chargeoffs After building up reserves... Read Story

November 15, 2012, 07:16 AM

After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.Bank of America... Read Story

October 08, 2012, 08:00 AM