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Compliance/Regulatory Risk
Bridge Bancorp and Dime Community Bank plan to create an $11 billion banking group through a “merger of equals”
The $24.6 billion banking giant has agreed to sell two branches to M&M Bank and 22nd State Bank, while PA-based Community Bank is closing two premises
Small and medium-sized banks have raised tens of millions of dollars through debt issuance while interest rates are low
Parent companies of The Bank of Austin, Texas Hill Country Bank and The Bank of San Antonio to combine
Sterling Bank has appointed a turnaround specialist as CEO, Silicon Valley Bank has hired a chief information officer, and Wells Fargo has a new wealth management CEO
“Digital sales have increased to 75% of total sales from 25% earlier in the year..."
The US Senate has passed a bill extending the Paycheck Protection Program until August 8
Northeast Bank will originate PPP loans until the June 30 deadline and sell them on to The Loan Source
The $2.65 billion deal would have been one of the largest transactions this year but will no longer go ahead
Covid-19 and the country’s economic response has provided smaller, relationship-driven banks the opportunity to showcase their strengths
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