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Analysts are increasingly focused on rising office property vacancy rates, driven by remote-work trends and higher costs of living. They are worried that cash-strapped landlords could default on loans and cause losses in banks' CRE portfolios. → Read More
Community lenders do not share the problems that led to the downfall of Silicon Valley Bank and Signature Bank — but their customers and members don't always know that. → Read More
The upstate New York company said in a regulatory filing that Daniel Reininga, who has been chief executive for 12 years, will retire on March 10, following a cybersecurity attack and an OCC crackdown. → Read More
Robert Hill Jr., who had been CEO of the company before it merged with CenterState Bank in 2020, will resign in April. The company says it's replacing his position with a nonexecutive chairman "as part of a broader, ongoing effort to enhance the independence of the company's board." → Read More
The specter of an economic downturn looms, but many companies are still in growth mode, according to Donald McCree, head of commercial banking at the Rhode Island bank. "We continue to hear from a lot of companies that they are doing quite well," he said. → Read More
Brady Torgerson, former president of First Security Bank-West, was sentenced to two years in federal prison after pleading guilty to fraud at two banks. → Read More
Banks expect strong global consumption of U.S. oil and gas, driven in part by the supply strain that followed Russia's invasion of Ukraine. → Read More
Albuquerque-based One Hope Financial Institution will focus on small-business owners who have been historically excluded from traditional banking services. → Read More
The two banks are now targeting May 27, three months later than their previous goal. The transaction, which would create a top-six U.S. bank by asset size, was originally expected to be completed last fall. → Read More
Adelphi Bank in Columbus was given the green light by the Federal Deposit Insurance Corp. to open. → Read More
Bank executives are slowing their momentum across commercial and consumer lending segments, a Federal Reserve report finds. Many still expect growth this year, but not as much as in 2022. → Read More
Thomas Zernick will become chief executive of the Florida bank when Anthony Leo retires at the start of 2024. → Read More
Indexes show heightened expectations for a recession and souring loans. But executives are upbeat about middle- market businesses and overall job growth. → Read More
The Oklahoma bank grew fourth-quarter loans at a steady rate and said its regional economy is solid. But it is closely watching the impact of rising senior-care costs. → Read More
With the $7.5 billion acquisition, the Minneapolis bank bolstered its customer base in the nation's most populous state by more than 1 million. Earnings accretion from the combination could offset slower loan growth this year. → Read More
Members of the American Bankers Association's Economic Advisory Committee expect gross domestic product to stall in 2023. Other surveys show a modest contraction. Lenders say sentiment among their borrowers also points to a slight slowdown. → Read More
The Ohio bank posted strong fourth-quarter earnings and, while it expects activity to ease some, it envisions continued strong loan growth in the year ahead. → Read More
The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn. → Read More
Investors worry the intersection of rising interest rates and festering inflation could conjure a recession and drive loan losses. This would keep stock prices suppressed, but share buybacks and merger activity could counter that. → Read More
Eric Bergevin, president and CEO of Integrated Financial Holdings, was killed in the Jan. 7 accident, the Raleigh-based company said. → Read More