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Tag: Commercial


Activity, Corporate Banking

Wisconsin credit union targets Illinois bank in 6th such tie-up of 2022

April 28, 2022

Via: Banking Dive

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 […]


Activity, Capital and Risk, Corporate Banking, Credit

Arizona deal marks 5th credit union purchase of bank in 2022

March 14, 2022

Via: Banking Dive

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 […]


Regulations

Bank regulators issue guidance on partnering with fintechs

August 30, 2021

Via: Banking Dive

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 […]


Regulations

Senate banking chair ‘not ready to move’ on pot banking bill

April 23, 2021

Via: Banking Dive

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 […]


Activity, Corporate Banking

Wells Fargo sells its asset-management unit for $2.1B

February 23, 2021

Via: Banking Dive

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 […]


Uncategorized

Goldman’s 60 new partners are fewer, more diverse than in years past

November 13, 2020

Via: Banking Dive

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 […]


Capital and Risk, Credit

Multifamily slows, credit improves

March 10, 2017

Via: Banking Exchange

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 […]