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
The bank is first to fail in New Jersey since 2012. American Banker: Feed
The Federal Reserve has freed Cole Taylor Bank from an enforcement action two years after the Chicago bank was acquired by MB Financial. American Banker
Little Bank in Kinston, N.C., has agreed to buy its first bank. It will pay $ 30.7 million, or $ 11.94 a share, for the $ 298 million-asset Union Banc in Oxford, N.C. American Banker
Citi will join Early Warning’s clearXchange, giving the bank-operated digital transfer network a boost as it takes on apps like PayPal’s Venmo. American Banker
Arkansas regulators have closed the $ 66.3 million-asset Allied Bank in Mulberry, the fifth institution to fail this year. American Banker
Brookline Bancorp in Boston has promoted its head of commercial real estate lending to leader of its entire banking unit. American Banker
Banks that are heavily involved in commercial real estate lending may shy away from buying institutions with similar concentrations. American Banker
Pilot Bank in Tampa, Fla., has recruited Rita Lowman, the chief operating officer of C1 Bank in St. Petersburg, Fla., to be its COO. American Banker
United Bankshares in West Virginia has quietly become a $ 14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs. One recent seller is a repeat customer. American Banker
The $ 359 million-asset Merchants said in a press release Friday that Rocco Del Vecchio will succeed Anthony Biondi as chief executive on Aug. 22. Biondi is retiring after 12 years on the job. American Banker