ABA Community Banking

JULY 21, 2022

The latest issue of the FDIC Quarterly explores loan performance at community banks in five manufacturing-concentrated states: Indiana, Kentucky, Louisiana, Michigan and Wisconsin. The post FDIC Quarterly highlights community bank performance in manufacturing states appeared first on ABA Banking Journal.

Community Bank 59

Community Bank FDIC Community Louisiana 59

Banking Exchange

JUNE 3, 2020

Banks based in California, Michigan, Ohio, Louisiana and Florida have been added to the Nasdaq index of community institutions Community Banking Feature3 Feature Management M&A Financial Trends ABA News Nasdaq.

Community Bank 78

Community Bank Community Louisiana Michigan 78

Independent Banker

JUNE 30, 2022

But there are ways community banks can help mortgage-seekers get on the property ladder. So how can community banks help? For customers who decide buying is the right choice, community bankers have a variety of products and services available to help. By Beth Mattson-Teig. Plenty of tools in the box. Flexibility needed.

Community Bank 143

Community Bank Community Millennials Resources 143

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

BankInovation

MAY 17, 2023

First Community Bank selected Jack Henry as its core provider as the bank continues to grow its client base. The Michigan-based bank expects to grow 10% annually for the next three years, Chief Executive Daniel Clarke said in a release. The reason we went with Jack Henry is because they had the horsepower behind them,” […]

Community Bank 52

Community Bank Community Michigan 52

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

Jack Henry

SEPTEMBER 16, 2021

Heidi Kassab, CEO of Cornerstone Community Financial (CCF) in Michigan, wasn’t thinking about a global pandemic when she decided to implement a secure, augmented chat solution. In fact, she wasn’t sure why her digital banking provider was so focused on building the new technology back in 2018. “[Ben

Michigan 179

Michigan Community Digital Banking Security 179

American Banker

JANUARY 26, 2024

National Bankshares in Virginia agrees to acquire in-state peer, Advia Credit Union in Kalamazoo strikes deal with Illinois bank, EBANX's annual Beyond Borders study launches and more in the weekly banking news roundup.

Virginia 36

Virginia Michigan Community Bank Illinois 36

CFPB Monitor

JUNE 9, 2022

Proponents of the Payday Loan Interest Rate Cap ballot initiative in Michigan met the June 1, 2022 deadline to appear on the November 2022 ballot in the state. If passed, Michigan would join 18 states plus the District of Columbia that have capped payday loan rates at 36% APR or less.

Michigan 78

Michigan Lending District of Columbia Community 78

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

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

American Banker

FEBRUARY 12, 2021

A deal to merge with First General Credit Union in Norton Shores, Mich., will extend the Detroit-area institution's reach across the state.

Michigan 60

Michigan Detroit Community Strategy 60

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 28

Community Bank Community Michigan Branding 28

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

American Banker

MAY 4, 2022

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Michigan 73

Michigan Community Industry 73

PYMNTS

NOVEMBER 4, 2020

With federal COVID-19 stimulus programs dried up for the moment and talks to renew them stalled, local communities are looking to fill the void by providing loans to SMBs that have been slammed by the coronavirus.

Michigan 249

Michigan Metro Community Online 249

American Banker

DECEMBER 28, 2021

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Michigan 74

Michigan Community Industry 74

PYMNTS

FEBRUARY 14, 2020

About 120 workers will lose their jobs at a location in Michigan. We have a responsibility to our customers and the communities where we operate to ensure these partners meet our high standards for things like safety and working conditions,” an Amazon spokeswoman said in an email, according to Bloomberg.

Company 215

Company Wisconsin Minnesota Michigan 215

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

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

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

PYMNTS

FEBRUARY 24, 2020

There are another 120 workers slated to be let go in Michigan. “We We have a responsibility to our customers and the communities where we operate to ensure these partners meet our high standards for things like safety and working conditions,” said an Amazon spokeswoman, according to Bloomberg last week.

Michigan 196

Michigan Illinois Ohio Virginia 196

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. Challenges for community financial institutions.

Community 56

Community Community Bank Michigan Lending 56

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

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 29, 2022

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Michigan 52

Michigan Community Industry 52

Social Assurance

SEPTEMBER 10, 2020

Michigan State Federal Credit Union saw these negative impacts and decided to be the helpful spark its community needed. To enter, members of the community had to order takeout from a local restaurant and snap a photo of their meal. The post Community Spark Award 2020 Winner: MSUFCU appeared first on Social Assurance.

Community 29

Community social media Michigan Cards 29

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

PYMNTS

NOVEMBER 26, 2019

Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter Wednesday (Nov. Ring users place their trust in us to help protect their homes and communities, and we take that responsibility very seriously,” a spokesperson said.

Delaware 140

Delaware Oregon Maryland Video 140

PYMNTS

AUGUST 14, 2018

In Michigan, a group of credit unions recently joined forces to form a new financial institution (FI): a bank. Seven Michigan-based credit unions recently applied to establish a new limited-purpose bank, known as Credit Union Trust. Talk about a case of strange bedfellows.

Michigan 100

Michigan Report Ohio Groups 100

PYMNTS

MARCH 16, 2020

Conference of Mayors and mayor of Rochester Hills, Michigan, the NRF and the Retail Industry Leaders Association (RILA) asked officials to coordinate with them before making decisions on whether to close or curtail retail business operations. Other retail news was decidedly more on the generous side.

Retail 141

Retail Community Maryland Michigan 141

PYMNTS

NOVEMBER 26, 2019

Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter Wednesday (Nov. Ring users place their trust in us to help protect their homes and communities, and we take that responsibility very seriously,” a spokesperson said.

Delaware 130

Delaware Oregon Maryland Video 130