The Financial Brand

AUGUST 17, 2023

This article How a Community Bank Helps Business Borrowers Cope with Rising Rates appeared first on The Financial Brand. Growth at this Michigan community bank comes from business customers — especially manufacturers — seeking help with challenges like rising interest rates.

Community Bank 29

Community Bank Community Michigan Branding 29

American Banker

MAY 8, 2020

Thomas Lopp cited health reasons for leaving Sterling Bancorp less than six months after becoming CEO. Sterling has been dealing with revenue issues after shutting down its biggest lending program over underwriting concerns.

Michigan 49

Michigan Community Bank Community Lending 49

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

American Banker

AUGUST 14, 2024

The Chicago-area bank closed the fifth-largest deal announced this year in a matter of months. It may bode well for M&A, as several big transactions have been announced in 2024.

Michigan 81

Michigan Chicago Community Bank Community 81

ABA Community Banking

JUNE 12, 2019

Through a TV news partnership, one state bankers association is raising public awareness about what banks do, the safety they provide and the support they give their communities. The post Michigan Bankers, Local Newsrooms Work Together to Promote Banking appeared first on ABA Banking Journal.

Michigan 67

Michigan Community Community Bank Marketing 67

American Banker

NOVEMBER 15, 2023

billion-asset federal credit union in East Lansing announced its third deal in as many months — the planned purchase of in-market peer Gabriels Community Credit Union. And it has two bank acquisitions pending.

Michigan 78

Michigan Community Marketing Community Bank 78

American Banker

SEPTEMBER 16, 2024

EverBank Financial in Florida said the deal would give it $900 million of loans and $2 billion of deposits. Should the deal close in early 2025 as planned, it would culminate a long saga for Sterling.

Michigan 85

Michigan Florida Community Bank Industry 85

American Banker

NOVEMBER 8, 2024

DFCU Financial said it reached a deal to acquire Winter Park National Bank in the Orlando metropolitan area. It was a record 20th credit union-bank merger of the year.

Michigan 48

Michigan Florida National Community Bank 48

Abrigo

JANUARY 15, 2015

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

Cleveland 150

Cleveland Detroit Michigan Community Bank 150

NCR

DECEMBER 1, 2017

It’s an interesting time to be a community financial institution (FI) right now. For smaller community banks and credit unions in the US, it might seem like a difficult time to do business, with so much change, intensifying competition and regulatory compliance to contend with. “They get better service.

Community 56

Community Community Bank Michigan Lending 56

American Banker

JUNE 5, 2024

ELGA Credit Union said it plans to acquire Marine Bank & Trust in an all-cash deal. The combination marks the 12th of the year involving a credit union buying a bank, keeping the industry on pace to establish a new record for such deals.

Michigan 53

Michigan Florida Industry Community Bank 53

ABA Community Banking

OCTOBER 9, 2024

Grasshopper Bank in New York City has agreed to buy Auto Club Trust in Dearborn, Michigan. The $485 million-asset Auto Club Trust is a federal savings bank owned by The Auto Club Group. The post Grasshopper to buy Auto Club Trust appeared first on ABA Banking Journal.

New York City 52

New York City Michigan New York Groups 52

CFPB Monitor

SEPTEMBER 21, 2020

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Tim Welsh, Vice Chairman Consumer and Business Banking, U.S. Bank (Minneapolis, MN).

DC 78

DC Mississippi Washington Oklahoma City 78

PYMNTS

JANUARY 4, 2017

Among the new firms on the roster, in alphabetical order: Enrichment Federal Credit Union, First Security Bank of Arkansas, Marion & Polk Schools Credit Union, Merchants Bank of Indiana, Northern Michigan Bank & Trust, Ohnward Bank and Trust, Postel Family Credit Union, River Cities Bank, River Town Bank, Simplicity Credit Union, SouthPoint (..)

Apple 117

Apple Arkansas Indiana Utah 117

American Banker

APRIL 15, 2024

Should the all-stock transaction close as planned later this year, Wintrust Financial in the Chicago area would gain about $2.7 billion of assets.

Michigan 45

Michigan Chicago Community Bank Community 45

ABA Community Banking

MARCH 22, 2024

The Michigan Bankers Association recently named Kenneth Kelly, chairman and CEO of First Independence Bank, as the recipient of the 2024 MBA Banker of the Year award The post First Independence Bank’s Kelly named MBA Banker of the Year appeared first on ABA Banking Journal.

Michigan 52

Michigan Community Bank Community 52

ForwardBanker

MAY 23, 2019

Since 2016, the team put on more than 20 free seminars taking place in locations from Oregon and Washington state to South Carolina, Texas, and Michigan. The post Main Street, USA = Community Financial Institutions + Small Businesses appeared first on Deluxe FS.

Maine 28

Maine South Carolina Community Oregon 28

American Banker

JANUARY 6, 2020

The company will pay $29 million for a bank located northwest of Grand Rapids.

Michigan 45

Michigan Community Marketing Company 45

Abrigo

AUGUST 11, 2016

Bank acquisitions by credit unions did not exist until 2011, when St. Joseph, a Michigan-based credit union, acquired Indiana-based Griffith Savings Bank. A recent article in the Milwaukee Wisconsin Journal Sentinel notes, “More community bank takeovers by large credit unions are likely.”

Michigan 150

Michigan Milwaukee Indiana Wisconsin 150

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 190

Fintech Community Regional Technology 190

American Banker

JUNE 25, 2020

Arbor Bancorp and FNBH Bancorp said the pandemic had created uncertainty about the regulatory process for securing approval for the deal.

Michigan 57

Michigan Security Community Bank Community 57

American Banker

MARCH 24, 2016

has agreed to buy Community Bancorp in St. Fentura Financial in Fenton, Mich., Charles, Mich.

Community 28

Community Michigan Community Bank Strategy 28

American Banker

SEPTEMBER 1, 2023

Five Star Credit Union and Michigan State University Federal Credit Union announced a combined four bank acquisitions within a few days. They're among 10 credit union agreements to buy banks this year.

Michigan 50

Michigan Community Bank Community 50

American Banker

MARCH 16, 2023

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Michigan 74

Michigan Fraud Security Community Bank 74

American Banker

DECEMBER 14, 2023

The Michigan City company, part of a growing list of banks announcing similar overhauls, aims to sell nearly $400 million of securities and reinvest the proceeds in higher-yielding loans.

Indiana 36

Indiana Michigan Security Company 36

Independent Banker

SEPTEMBER 1, 2016

Independent Banker ® magazine recognizes three community banks who have conducted creative, engaging and impactful social media campaigns. This year’s panel of judges evaluated social media campaigns submitted from several community banks across the country before selecting those that received final recognition.

social media 96

social media Community Community Bank Michigan 96

CFPB Monitor

AUGUST 22, 2016

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. Community Bank Advisory Council Members. Ballard, Vice President and Director, First Iowa State Bank, Albia, IA. ”

San Antonio 60

San Antonio Kansas City Groups CA 60

American Banker

APRIL 14, 2016

West Shore Bank Corp. has agreed to buy West Michigan Bank & Trust in Frankfort. in Ludington, Mich.,

Michigan 28

Michigan Community Bank Community Strategy 28

American Banker

NOVEMBER 3, 2020

The company is looking to tap into a surge of homebuying tied to historically low interest rates.

Michigan 41

Michigan Company Community Bank Community 41

American Banker

DECEMBER 27, 2019

Tom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year. An ongoing audit of the program and pressure to diversify beyond mortgages are reasons to watch Lopp and Sterling in 2020.

Michigan 41

Michigan California Community Bank Community 41

American Banker

OCTOBER 27, 2020

The acquisition will consolidate United's position in the St. Joseph market, where both institutions are based.

Michigan 72

Michigan Marketing Community Bank Community 72

Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. In other words, be a General Bank.

Community Bank 60

Community Bank Community Baltimore Lending 60

American Banker

OCTOBER 7, 2020

The company, which recently completed an audit, set aside funds to cover issues tied with a lending program it discontinued last year. The move cleared the way for Sterling to file an overdue annual report with the Securities and Exchange Commission.

Michigan 34

Michigan Lending Security Report 34

Gonzobanker

MARCH 7, 2024

Scaling through community banks and credit unions is, of course, another move plenty of fintech companies seek. Beanstox Chairman Kevin O’Leary said it was looking for a bank partner at the conference. Beanstox Chairman Kevin O’Leary said it was looking for a bank partner at the conference.

Las Vegas 132

Las Vegas Fintech Conference San Francisco 132

American Banker

AUGUST 9, 2021

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Michigan 81

Michigan Community Bank Community 81

Social Assurance

SEPTEMBER 18, 2020

In 2020, Social Assurance launched its Community Spark Award to recognize banks and credit unions making a significant difference in their local areas through unique community support, volunteerism, philanthropy and development initiatives. Be there for, and count on, your community when it matters most. COVID-19 Support.

Community 15

Community Florida Michigan Meeting 15

American Banker

MARCH 9, 2020

The company disclosed that an internal review of a now-discontinued loan program found that employees engaged in misconduct tied to income verification and requirements, among other things.

Michigan 34

Michigan Company Community Bank Community 34