Tag: Commercial

January 9, 2023

Goldman declined to comment on the reported cuts, but a source within the bank confirmed to Banking Dive the round of cuts will not exceed 3,200. That figure is lower than the 4,000-employee ceiling Semafor and other news outlets reported […]

April 28, 2022

CoVantage CEO Charlie Zanayed cited LincolnWay’s success in commercial development and real estate lending as a net positive for the credit union in the deal. “By partnering with LincolnWay Community businesses, we can deliver the size and scale that is […]

March 14, 2022

Buying Horizon would give Arizona Federal six new locations and help it expand into the western half of the Grand Canyon State. The bank held $539.5 million in assets, $259.9 million in loans, $471.7 million in deposits and $43.4 million […]

August 30, 2021

The guide acknowledges the growing number of community banks using third-party fintechs to supplement and enhance their services, and says the pairings can lead to increased efficiency and reduced costs, “all bolstering competitiveness.” The partnerships, however — which many community […]

April 23, 2021

Republicans have historically been the holdouts when it comes to backing cannabis legislation in Congress. With Democrats now in control of the Senate, SAFE Banking proponents are optimistic the bill could become law this year. The push among some party […]

February 23, 2021

Wells Fargo plans to sell its asset-management business to two private-equity firms — GTCR LLC and Reverence Capital Partners — for $2.1 billion, according to a statement Tuesday. The unit has $603 billion of assets under management and employs more […]

November 13, 2020

Goldman partners receive a pay raise to a $950,000 base salary and exclusive perks — including the title alone, a vestige of the days when Goldman was Wall Street’s last private bank and partners owned a stake. These days, the […]

March 10, 2017

Multifamily loan growth slowed in the final quarter of 2016 to the lowest pace in over three years. Aggregate multifamily loans at U.S. banks and thrifts hit $382.72 billion as of Dec. 31, up 2.3% from the previous quarter and […]