The former officers and directors for Midwest Bank & Trust have reached a $ 26.5 million settlement with the Federal Deposit Insurance Corp. over charges of negligence during the financial crisis. American Banker
Citizens Bank in Elizabethton, Tenn., has agreed to buy American Trust Bank of East Tennessee in Knoxville. American Banker
The hit smartphone game Pokemon Go taught banks a lesson in mobile strategy this week: gamify it. American Banker
The $ 1.1 billion-asset company said in a press release Friday that it had combined its $ 492 million-asset CNB in Centreville, Md., and the $ 615 million-asset Talbot Bank in Easton, Md., to create Shore United Bank. American Banker
A dozen directors were re-elected at Middleburg Financial in Virginia despite a protest from the company’s biggest investor. American Banker
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
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
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
Investors are quickly choosing sides in a proxy battle at Financial Institutions in Warsaw, N.Y. American Banker
Breaking News This Morning … Earnings: Citigroup, Regions Receiving Wide Coverage … Candidates on Banking: Democratic presidential candidates Hillary Clinton and Bernie Sanders’ debate Thursday night in Brooklyn touched on how to best control the banking industry. While Clinton said she would remain faithful to the Dodd-Frank financial overhaul law, which requires banks to develop
