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News Stories (64 Results) - Banking News

Mid Penn Bancorp announced that its acquisition of Riverview Financial Corporation was completed after the close of business on November 30, 2021. In connection with the holding company merger, Riverview’s banking subsidiary, Riverview Bank, has been... Read Story

December 02, 2021, 07:00 AM

Connecticut-based Ion Financial, MHC, parent company of Ion Bank, and New Jersey-based Lincoln Park Bancorp, MHC, the mutual holding company of Lincoln Park Bancorp, parent company of Lincoln 1st Bank, jointly announced entry into a definitive... Read Story

November 29, 2021, 07:00 AM

As Peapack-Gladstone Bank celebrates its centennial, the company continues to pursue the original mission established by its founders in 1921:  to provide value-added banking services and strength to the communities it serves. To commemorate its... Read Story

November 22, 2021, 06:04 AM

Stearns Financial Services, Inc., the holding company for three Stearns Bank charters, has named Kelly Skalicky as  Chair of the Board of Directors. Skalicky is also President and CEO of Stearns Financial Services, Inc.  In related moves, Deb... Read Story

November 16, 2021, 05:00 AM

Eastern Bankshares, the stock holding company for Eastern Bank, completed its acquisition of Century Bancorp, Inc., the stock holding company for Century Bank and Trust Company, a full-service commercial bank with a full range of business, personal... Read Story

November 15, 2021, 07:33 AM

Independent Bank Corp., parent of Rockland Trust Company, and Meridian Bancorp, Inc., parent of East Boston Savings Bank, jointly reported the following in connection with Independent’s proposed acquisition of Meridian: All regulatory approvals... Read Story

November 08, 2021, 06:00 AM

OceanFirst Financial Corp., parent company of OceanFirst Bank N.A., and Partners Bancorp, parent company of The Bank of Delmarva (and its division, Liberty Bell Bank), headquartered in Seaford, DE, and Virginia Partners Bank (and its division... Read Story

November 05, 2021, 07:33 AM

Shore Bancshares, the holding company of Shore United Bank, and Severn Bancorp, the holding company of Severn Savings Bank announced that, at special meetings of their respective shareholders held on October 22, 2021, Shore's shareholders approved... Read Story

October 25, 2021, 07:00 AM

Huntington National Bank is the nation's largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the fourth consecutive year at the close of SBA fiscal year 2021, further strengthening its position as the leader in... Read Story

October 11, 2021, 08:00 AM

BancPlus Corporation, the parent company of BankPlus, and First Trust Corporation, the parent company of First Bank and Trust, jointly announced the signing of a definitive merger agreement pursuant to which BancPlus will acquire First Trust... Read Story

September 30, 2021, 08:00 AM

Silicon Valley Bank and Plaid, a data network powering the digital financial ecosystem, announced a partnership to allow clients to instantly authenticate bank account information with Plaid and securely generate payments via a tokenized payment... Read Story

September 17, 2021, 08:00 AM

BMO Harris Bank announced the launch of the new BMO Women in Business Credit Program – a loan product offered under the Women In Business initiative that began last year as part of BMO's five-year, $5 billion BMO EMpower commitment.The loan program... Read Story

September 08, 2021, 08:00 AM

BHI, a full-service commercial bank, announced that it has received its own assigned S&P credit rating. BHI USA has been rated A/A-1 with a stable outlook, similar to the credit rating for Bank Hapoalim in Israel, one of the world’s largest financial... Read Story

September 02, 2021, 06:06 AM

Truist Financial announced the Homers for Hank program, a five-year commitment to donate $755 to the Henry Louis Aaron Fund for every home run hit by the Atlanta Braves, totaling a minimum of $1 million. The funds will be used to build a program that... Read Story

August 30, 2021, 07:00 AM

Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, entered into two separate definitive agreements to acquire Sabal Palm Bancorp, Inc., parent company of Sabal Palm Bank based in Sarasota, FL, and Business Bank... Read Story

August 24, 2021, 06:00 AM

U.S. Bank entered into an agreement to acquire Bento Technologies, known as Bento for Business, a fintech company based in Chicago and San Francisco that provides payment and expense management services to small and mid-size businesses. The... Read Story

August 13, 2021, 08:03 AM

Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, announced the completion of its acquisition of Legacy Bank of Florida, pursuant to the merger of Legacy Bank with and into Seacoast Bank.Legacy Bank... Read Story

August 09, 2021, 06:00 AM

Independent Bank Corp., parent of Rockland Trust Company, and Meridian Bancorp, Inc., parent of East Boston Savings Bank, jointly announced that, at their respective special meetings of shareholders, they each received the necessary shareholder... Read Story

August 06, 2021, 05:00 AM

TriCo Bancshares, the parent company for Tri Counties Bank, and Valley Republic Bancorp, the parent company for Valley Republic Bank, have entered into a definitive agreement under which Valley will merge with and into TriCo in a stock transaction... Read Story

July 28, 2021, 07:00 AM

Santander Bank announced that its Commercial Banking division is collaborating with Revenue Management Solutions (“RMS”), a healthcare remittance provider, to offer an end-to-end receivables lockbox product for its healthcare clients. The remittance... Read Story

July 23, 2021, 07:00 AM

S&T Bancorp, Inc., the holding company for S&T Bank with locations in Pennsylvania, Ohio and New York, announced Christopher J. McComish has been appointed as the company's Chief Executive Officer, effective Aug. 23. McComish previously served as... Read Story

July 19, 2021, 07:00 AM

Valley National Bancorp and The Westchester Bank Holding Corporation entered into a definitive merger agreement whereby Valley will acquire Westchester, parent company of The Westchester Bank. The acquisition of this high-performing commercial bank... Read Story

July 01, 2021, 06:00 AM

BancorpSouth Bank and Liberty Financial Services, the holding company of Liberty Bank and Trust Company, headquartered in New Orleans, Louisiana, ("Liberty") jointly announced the continuation of and the expansion of a strategic business alliance.... Read Story

June 23, 2021, 08:00 AM

Cadence Bank announced a strategic business alliance with Houston-based Unity National Bank of Houston (Unity National Bank), the only Black-owned banking institution in Texas. The cooperative alliance brings growth capital to Unity National Bank... Read Story

June 10, 2021, 08:00 AM

TD Bank announced the establishment of a $100 million equity fund in support of minority-owned small businesses, demonstrating its continued commitment to combat racial inequities and provide opportunity in underserved communities. TD Bank’s equity... Read Story

June 03, 2021, 08:00 AM

COVID-19 impacted businesses across many industries and companies of all sizes. Through it all, CFOs and finance leaders were at the helm, helping their businesses navigate the impacts and chart a course forward. As the economy recovers from a... Read Story

May 21, 2021, 08:00 AM

SVB Financial Group announced a proposed five-year, $11.2 billion community benefits plan that builds on its long-standing commitment toward helping small businesses, financing affordable housing, reinvesting in low- and moderate-income ("LMI")... Read Story

May 21, 2021, 06:00 AM

Comerica Bank will commit $5 billion to small business lending over the next three years (2021-2023). Additionally, Comerica will expand RISE!, a program designed to support small businesses with a multitude of resources, as well as financial... Read Story

May 04, 2021, 07:00 AM

During its annual shareholder meeting, Merchants Financial Group, Inc. (MFGI), reported strong 2020 earnings growth.MFGI formally reported net income of $21,511,521 for 2020, an 8.8 percent increase over 2019 earnings. The year’s results were... Read Story

April 12, 2021, 08:00 AM

Bank of Montreal announced the election of Madhu Ranganathan and Stephen Dent to BMO's board of directors following its Annual Meeting of Shareholders."We are pleased to welcome Steve and Madhu to the Board of Directors," said George Cope, Chair of... Read Story

April 08, 2021, 06:00 AM

Fifth Third Bank exceeded the financial goal of the five-year Community Commitment it made in 2016. Fifth Third has delivered $41.6 billion in lending and investments, 130% of the $32 billion target* it announced with the National Community... Read Story

April 05, 2021, 08:00 AM

Robert M. Fisher, President and CEO of Tioga State Bank in Spencer, N.Y., was elected chairman of the Independent Community Bankers of America (ICBA) for 2021-22. His term begins March 11 at the conclusion of ICBA Connect, a virtual community banking... Read Story

March 11, 2021, 07:10 AM

Small business loan approval percentages at big banks ($10 billion+ in assets) rose slightly to 13.3% in February from 13.2% in January 2021, according to the latest Biz2Credit Small Business Lending Index™ released today. In comparison, one year ago... Read Story

March 10, 2021, 06:00 AM

Credit risk for those U.S. banks and non-bank entities active in corporate lending is rising, as seen in the shared national credit (SNC) regulatory report released on Feb. 22, with “non-pass” loans increasing to 12.4% of SNC-reported commitments at... Read Story

March 01, 2021, 08:10 AM

Small business loan approval percentages at big banks ($10 billion+ in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to the latest Biz2Credit Small Business Lending Index™ released today. In... Read Story

February 09, 2021, 08:23 AM

Pacific Western Bank has acquired Civic Financial Services, LLC, (“CIVIC”), from Wedgewood, Inc. Headquartered in Redondo Beach, CA, CIVIC is one of the leading institutional private lenders in the United States specializing in residential... Read Story

February 03, 2021, 07:00 AM

First Business Financial Services, parent company of First Business Bank, announced that all First Business entities align as First Business Bank. This alignment is accompanied by a refreshed logo and a new .BANK website and email addresses. Only... Read Story

January 20, 2021, 07:15 AM

First Business Financial Services, parent company of First Business Bank, announced that all First Business entities align as First Business Bank. This alignment is accompanied by a refreshed logo and a new .BANK website and email addresses. Only... Read Story

January 14, 2021, 06:00 AM

Fifth Third Bancorp announced that Fifth Third Acquisition Holdings, LLC has closed on the acquisition of Hammond Hanlon Camp LLC (“H2C”).Founded in 2011, H2C is a premier strategic advisory and investment banking firm with an emphasis on healthcare... Read Story

January 05, 2021, 07:00 AM

The Conference of State Bank Supervisors (CSBS) announced it has filed a complaint in the U.S. District Court for the District of Columbia opposing the Office of the Comptroller of the Currency’s (OCC) creation of a new national bank charter for... Read Story

December 24, 2020, 09:00 AM

The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their... Read Story

November 23, 2020, 08:05 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

U.S. Bank announced the opening of its Luxembourg office, which provides fund accounting and administration, domiciliation, depositary and custody-related services for Luxembourg-domiciled funds.Didier Delvaux, who joined U.S. Bank earlier this year... Read Story

November 16, 2020, 08:30 AM

KeyBank announced that John J. Manginelli, Northeast Regional Executive for KeyBank Real Estate Capital, will assume an expanded role that includes Market President for Key’s Hudson Valley/Metro New York market. As market president, Manginelli will... Read Story

November 12, 2020, 08:22 AM

Small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.5% in September to 13.3% in October, demonstrating the challenges of small business owners searching for capital, according to the latest... Read Story

November 12, 2020, 08:00 AM

For the 11th consecutive year, the J.D. Power Certified Customer Service Program has recognized Bank of America’s Corporate, Commercial and Business Banking contact centers, which include card servicing, for providing “An Outstanding Customer Service... Read Story

June 25, 2020, 08:00 AM

TD Bank Group, of which TD Bank, America's Most Convenient Bank® is part, announced that there will be no job losses in 2020 as a result of COVID-19."It is only natural that the speed and scale of the impacts across society have employees feeling... Read Story

April 03, 2020, 09:10 AM

The federal bank regulatory agencies announced two actions to support the U.S. economy and allow banks to continue lending to households and businesses. They are: A statement encouraging banks to use their resources to support households and... Read Story

March 18, 2020, 09:00 AM

For the third year in a row, Stearns Bank has received nationwide recognition for high performance. This month, American Banker magazine and Independent Community Bankers of America (ICBA) both ranked Stearns Bank in their top ten lists of high... Read Story

June 27, 2019, 08:45 AM

The federal banking agencies proposed a rule to limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations. The proposal would complement other measures that the banking... Read Story

April 04, 2019, 09:15 AM

CIT Bank, CIT Group's national online bank, announced it has been selected as winner of the Best Personal Finance Company award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the... Read Story

April 04, 2019, 08:00 AM

S&P Global Market Intelligence released its annual rankings for 2018’s best-performing community banks with assets between $3 billion and $10 billion, community banks with assets less than $3 billion, and top-performing credit unions.For the second... Read Story

March 28, 2019, 08:55 AM

Middle-market companies could soon experience changes in how banks view and service them due to banks’ adoption of sophisticated artificial intelligence (AI) systems that rank companies in terms of their potential profitability as clients. That’s one... Read Story

February 06, 2019, 08:03 AM

Mechanics Bank and Learner Financial Corporation, the bank holding company for Scott Valley Bank, announced that they have reached a definitive agreement for Mechanics to acquire Learner Financial and its wholly owned subsidiary, Scott Valley Bank.... Read Story

February 20, 2018, 08:00 AM

First Business Financial Services, Inc.  announced plans to consolidate the charters of its three subsidiary banks, First Business Bank, headquartered in Madison, Wisconsin, First Business Bank- Milwaukee, headquartered in Brookfield, Wisconsin, and... Read Story

January 13, 2017, 07:17 AM

Westfield Bank has been recognized as the top 3rd party lender in Western Massachusetts in terms of dollars and volume for 2016, according to the Massachusetts District Office of the U.S. Small Business Administration (SBA). Westfield Bank was among... Read Story

December 28, 2016, 07:00 AM

Bridge Bank reaffirmed its commitment to providing commercial banking services, including working capital loans and lines of credit, to technology and innovation companies throughout the country through its expanding national network of business... Read Story

December 09, 2016, 07:57 AM

Signature Bank, a New York-based full-service commercial bank, announced today the appointment of several new private client banking professionals, who joined existing banking teams. Pasquale (Pat) Loporcaro was named Group Director and Vice... Read Story

December 07, 2016, 07:13 AM

Wells Fargo & Company announced that its Board of Directors has amended the Company’s By-Laws to require the separation of the Chairman and CEO roles and for the Chairman and Vice Chairman of the Board to be independent directors. The Board approved... Read Story

December 02, 2016, 07:30 AM

Opus Bank announced that, as part of the previously announced focus on enhancing the leadership at Opus, Ed Padilla, Opus’ Senior Vice President, President of Commercial Real Estate Banking, has been named Executive Vice President, Co-Chief Lending... Read Story

November 02, 2016, 07:24 AM

BMO Financial Corp. announced the appointment of Diane Cooper, formerly the President and CEO of GE Capital's Commercial Distribution business, to the BMO Financial Corp. Board of Directors."Diane's wealth of knowledge and financial services... Read Story

October 25, 2016, 07:36 AM

The Federal Deposit Insurance Corporation (FDIC) has announced the selection of eight new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank... Read Story

September 06, 2016, 07:50 AM

Avidia Bank announced the launch of Commercial Lending Center™, a new online business loan application portal. Commercial Lending Center is the simple and secure way to help businesses get quick and convenient access to loans online.Business loan... Read Story

May 23, 2016, 08:00 AM

Wells Fargo announced the launch of FastFlex Small Business Loan, an online, fast-decision loan that is funded as soon as the next business day and offers a competitive interest rate to small businesses with short-term credit needs. An innovation... Read Story

May 11, 2016, 07:56 AM