Community Banking

Annual savings of $4.3 million will be reinvested in digital offerings, the Chicago-based bank said

Plus: New lead director at JPMorgan Chase, and First Port City Bank promotes CFO to risk leadership role

Community bank lenders were caught flat-footed by both the need to process large numbers of complex PPP loans quickly and support the ever-shifting guidelines from the SBA

The $504 billion banking giant will raise the proportion of its non-white senior leadership and improve pay equity

Midland States to spend up to $15 million on closures and renovations to existing branches, but expects long-term savings

The association’s new foundation is fundraising to help those affected by the storm, which has killed at least 25 people in Louisiana

Regions Bank waives fees and offers other relief while American Express donates to the American Red Cross

Greenwich Associates has highlighted 12 banks across the middle market and small business sectors

Plus: New York-based community banks to combine; Virginia’s Blue Ridge and Bay Banks plan merger

CEO Brian Mauntel has resigned from his position, Heartland Bank announced this week