Sponsoring securitizations of the loans funded on its platform will give Lending Club more control over its reputation in the market and make it less beholden to direct loan buyers. American Banker: Feed
Bankers are well aware of the industry transformation taking place. However, they need to convince employees that change is worthwhile before turning reimagined business models into realities. American Banker: Feed
State regulators shuttered $ 4.7 billion-asset First NBC Bank of New Orleans in what is expected to be the costliest failure since the tail end of the financial crisis. American Banker: Feed
The U.S. office vacancy ticked up 0.1% in the first three months of 2017 to 10.3% marking the first quarterly increase since 2010. Total net absorption in the US office market slipped approximately 9% from the same period a year ago as developers added an additional 19 million square feet of new office space across
Ashton Ryan, who had been removed as CEO in December, had been serving as its president. The company also agreed to sell preferred stock to directors to help it make payments tied to its subordinated debt. American Banker: Feed
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
The bank is first to fail in New Jersey since 2012. American Banker: Feed
The chairman of First National Bank of Santa Fe has accepted additional duties ahead of the bank’s upcoming merger. American Banker
The $ 101 billion-asset Key said in a press release Friday that it had finalized the $ 4.1 billion purchase of the $ 40 billion-asset First Niagara. American Banker
The $ 3.8 billion-asset company said in a press release Thursday that Lynne Fox will succeed Noel Beasley, who decided to step down after retiring from the Workers United union. American Banker
