article thumbnail

EverBank in Florida to acquire Michigan bank

ABA Community Banking

EverBank in Jacksonville, Florida, agreed to buy Sterling Bank and Trust in Southfield, Michigan, in an all-stock deal valued at $261 million. The post EverBank in Florida to acquire Michigan bank appeared first on ABA Banking Journal.

article thumbnail

Bank owned by private equity investors bets big on fund finance

American Banker

The Jacksonville, Florida, company has hired a pair of prominent industry experts to lead a new division tasked with serving investment funds. Despite an industrywide rough patch, EverBank still sees promise in the niche business line.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The banks serving active duty personnel

Independent Banker

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S.

Arkansas 168
article thumbnail

4 ways to get more out of your core

Independent Banker

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities.

article thumbnail

Lowe’s Now Offers Prepaid Credit Cards For Construction Crews

PYMNTS

Lowe’s new service is built on the BizNow platform, which Jacksonville, Fla.-based Instead, prepaid cards can enable them to deal with fragmented project timelines, employee turnover and other jobsite issues. This is the same discount offered to small business card members with the Lowe’s Business Rewards Card.

Cards 100
article thumbnail

CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Jacksonville, FL. William Howle, Head of U.S.

article thumbnail

More Data, More To Do

Independent Banker

In a world where information can be the most valuable currency, community banks are gathering more of their internal data. a bank software provider in Cedar Park, Texas, most community banks gather data well for reporting purposes. Community banks generally do well in harvesting their lending data, Bhalla says.

Data 88