Coastal Carolina to Buy VistaBank in S.C.
Coastal Carolina Bancshares in Myrtle Beach, S.C., said in a press release Thursday that it will pay $ 12.2 million in cash and stock for VistaBank in Aiken, S.C. American Banker
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Iowa Banks CBI, MidWestOne Strike Branch Deal
CBI Bank & Trust in Muscatine, Iowa, said Tuesday that it has agreed to buy a branch in Davenport, Iowa, from MidWestOne Bank in Iowa City. American Banker
Over Investor’s Objections, Directors Re-Elected at Va. Bank
A dozen directors were re-elected at Middleburg Financial in Virginia despite a protest from the company’s biggest investor. American Banker
How Tough Will New York’s Bank Regulator Be?
Maria Vullo, still stuck in limbo as acting superintendent of the New York State Department of Financial Services, is hindered from putting her mark on the agency until she gets confirmed. So a quiet guessing game is going on about how her supervisory philosophy will compare with her predecessor Benjamin Lawsky. American Banker
Bank Regulators Close Third Institution of 2016
Pennsylvania state regulators on Friday closed the $ 103.3 million-asset First CornerStone Bank in King of Prussia, the third institution to fail this year. American Banker
The Real Threat Anonymous Poses to Banks
Many bank security people will undoubtedly shrug off Anonymous’ claim that it’s trying to bring down banks all over the world. There are a few reasons to take it seriously. American Banker
Morning Scan: Fed Targets Derivatives in Bank-Bailout Prevention Plan
Wall Street Journal In another attempt to prevent taxpayer-funded bailouts of large banks, the Fed is scheduled to vote today on proposal related to derivative contracts. Hedge funds and asset managers like Pacific Investment Management Co. would lose their contractual right to terminate financial contracts with big banks. As it currently stands, asset managers can
Bank’s Oil Exit Creates New Questions for Energy Lenders
Green Bancorp’s surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure. American Banker
Four Months into 2016 and Only Two Bank Failures
When state and federal regulators closed Trust Company Bank in Memphis, Tenn., on Friday, it was only the second U.S. bank failure this year. American Banker
CFPB Plots ‘Clarifying’ Changes to Mortgage Disclosures in July
The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide “greater certainty and clarity” to the mortgage industry. American Banker