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The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.August 26
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Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions.August 6
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The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management.July 13
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The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending.July 5
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The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City.July 1
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Business owners are changing banks at three times normal levels, a trend researchers attribute to their difficulty in obtaining emergency loans. If the forgiveness stage of the Paycheck Protection Program proves arduous, that rate could climb much higher.June 21
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Suncoast Credit Union and Apollo Bank said the pandemic complicated their efforts to secure regulatory approval.May 12
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The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.April 16
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Nearly a tenth of the industry’s deals this year were connected to the state, which boasts a good number of sought-after small banks.September 18
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An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do.September 12
