Fidelity Southern (LION) in Atlanta is planning to raise $60 million in a public offering.
The $2.5 billion company said in a press release that it plans to use the proceeds, along with cash on hand, to exit the Treasury Department's Troubled Asset Relief Program and redeem two other series of preferred stock.
Keefe, Bruyette & Woods, Robert W. Baird and FIG Partners are involved with the offering. The underwriters have an option to buy up to an additional 15% of shares to cover overallotments.
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.
Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.
Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.
