Commerce to acquire boutique middle-market investment bank
The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
By
Jasmine Ni
Regional banks
United Community to sell a high-achieving equipment-finance unit
CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.
United Community exits manufactured housing with loan sale
The sale of the $318 million-asset portfolio comes five weeks after the Greenville, South Carolina-based company agreed to sell its investment advisory unit.
Fulton Financial promotes execs as it digests Republic First
The parent company of Fulton Bank announced the creation of three new management roles and promoted existing employees into those jobs. The changes follow the recent hiring of an outsider to be CFO.
Valley National Bank, heavy on CRE, is confident despite investor worry
Investors have hammered the New Jersey-based lender following the turmoil at New York Community Bancorp. But Valley executives say there are key differences between the two real estate-focused banks, and they express confidence that the bank's underwriting will hold up again this cycle.
Regional banks ready a wave of bond issuance: credit weekly
Regional and consumer lenders subject to increased oversight will probably issue at least $15 billion of bonds over the remainder of the year and $44 billion maturing from this group through the end of 2024.
Regional bank UMB combines deep experience with cutting edge tech
After catching the eye of a senior executive at Deutsche, UMB Financial soon reeled in a team that expanded its trust services into the current comprehensive and tech-assisted operation.
By
John Hintze
Citizens Financial buying Investors Bancorp for $3.5 billion
Combined with its pending acquisition of HSBC's East Coast branches, the deal would give the Rhode Island-based Citizens a top-10 deposit market share in metropolitan New York.
Near-record SBA lending gives banks much-needed earnings jolt
Small Business Administration lenders have reported strong quarterly results, but those gains could evaporate later this year. Here’s why.
Commercial loan performance is all over the map in pandemic era
Comerica, which focuses on the energy sector, reported strong payment trends last quarter, while M&T, which concentrates more on real estate, showed deterioration. The divergence reflects varying exposures to sectors hit hard by the COVID-19 recession.
Regional banks, credit unions begin lending to pot firms
Cannabis, though still illegal at the federal level, continues to inch into the financial mainstream. Small credit unions and lenders as large as Valley National and East West have moved beyond just taking deposits from marijuana companies.
How aviation lending took this Midwestern bank to Ireland
UMB Financial’s success in aviation financing has boosted fee income, and the Missouri company has opened an office in Dublin — a hub for airplane sales and leases that could get busier as the airline industry restructures.
Regulators tell banks they can choose any replacement rate for Libor
The statement comes after multiple small and midsize institutions earlier this year warned the agencies that the secured overnight financing rate was ill-suited to them.
As lawmakers weigh PPP reforms, bankers want them to think big
Besides reauthorizing the Paycheck Protection Program, Congress should upgrade the loan forgiveness process, offer businesses the chance to take out a second loan and ensure the pricing satisfies lenders, bankers say.
Banks tolerate credit-line draws in coronavirus crisis — for now
Draw-downs on C&I credit more than quadrupled in a seven-day period ended March 25. Lenders may try to rein them in if the crisis drags out, but legal precedent isn’t on their side.
Why the C&I slowdown is likely to persist in 2020
Political uncertainty, sector-specific concerns as well as interest rate and labor trends may continue to depress commercial and industrial lending in the coming months.
By
Andy Peters
Trade deal could unlock billions in lending opportunities
Though details of a potential pact with China aren't clear, bankers are hoping it could convince leery customers to finally go through with delayed investments.
Falling used-car prices pose risk to auto lenders: Capital One CEO
The average price of a previously owned car has fallen in two consecutive months, and if the trend continues, lenders could see losses mount, Richard Fairbank said this week.
Labor shortage crimps demand for commercial loans, bankers say
Many business customers are putting off expansion because they can’t find enough workers to fill available jobs.
Is the end of Libor a threat to financial stability?
Concerns over banks’ level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.
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