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The company is also looking to hire more senior lenders as it expands in markets around Los Angeles and San Diego.
December 24 -
Organizers of the proposed Legacy Bank must raise $25 million before opening.
December 24 -
The Federal Reserve's “midcycle” assessment — conducted in light of the COVID-19 pandemic — said the path of the economic recovery is still uncertain even though the banks that were evaluated maintained adequate capital levels under hypothetical scenarios.
December 18 -
The rule change will allow credit unions to raise more capital to help their members, not line the pockets of investors, as bank lobbyists claim.
December 18National Association of Federally-Insured Credit Unions -
First Technology FCU, led by a former banker, stands ready to raise fresh capital by issuing subordinated debt. But first it must wait for a rule change from the National Credit Union Administration that's drawing fierce opposition from the banking industry.
December 16 -
As with most things related to 2020, COVID-19 will be a deciding factor as the Federal Reserve considers whether banks are able to increase their dividends or resume share buybacks.
December 16 -
The regulator is expected to finalize a rule this week allowing credit unions to issue subordinated debt to outside institutional investors. That's bad public policy, the American Bankers Association writes.
December 16American Bankers Association -
Waterfall Bank, which has ties to an investment group that handles affairs for family offices, would be based in the Tampa Bay area.
December 15 -
A program that lets firms bundle Small Business Administration loans is on hold while Congress spars over a new budget. The impasse is causing headaches for banks that rely on loan sales for fee income.
December 9 -
Democrats called the decision by Treasury Secretary Steve Mnuchin "misguided," arguing that it's too soon to shutter the Federal Reserve's emergency-lending programs. Republicans say the programs have run their course and should expire a the end of the year.
November 20