Hope Bancorp to buy U & I Financial in Seattle
The acquisition is the first for Hope since a transformative merger last year. American Banker: Feed
Category Archives: Uncategorized
Ecommerce Roundup: As digital increases, so does fraud
While 2016 showed a marked increase in overall digital commerce, online and mobile buyers weren’t the only increases. One report indicates fraudulent purchase attempts are also on the up. BizReport
Loan growth, rising yields boost profits at Citizens Financial
Citizens Financial Group in Providence, R.I., reported bigger profits in the fourth quarter on the strength of loan growth and improvements in its loan yield. American Banker: Feed
SmartFinancial in Tenn. to conduct an IPO
SmartFinancial in Knoxville, Tenn., is planning to conduct an initial public offering. American Banker: Feed
For First Horizon, bigger is better when scouting bank deals
The company would prefer buying banks with $ 5 billion to $ 10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville. American Banker: Feed
Wells Fargo turns to cost cutting as scandal takes a financial toll
The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $ 2 billion. American Banker: Feed
Harvest Community in N.J. becomes first bank failure of new year
The bank is first to fail in New Jersey since 2012. American Banker: Feed
Deloitte opens blockchain lab in New York to push for working prototypes
The goal of Deloitte’s new blockchain-focused lab in New York is to turn proofs of concepts into real solutions. American Banker: Feed
Embrace the Digital Mortgage as a Competitive Advantage
Nondepository lenders are beating their bank competitors when it comes to both digital innovation and market share in the mortgage industry. As interest rates rise, banks will need to move toward electronic closings and adopt other innovations if they want to stay competitive. American Banker
Meet the Latest High-Profile Banker to Support the Mutual Model
Joseph Campanelli has run large publicly traded companies such as Sovereign Bancorp and Flagstar, but he seems more energized after agreeing to become CEO of Needham Bank, a depositor-owned mutual in Massachusetts. American Banker