Ohio Banks Middlefield and Liberty Announce Merger
WEBWritten by Banking Exchange staff. Tweet. Ohio-based banks Middlefield Banc Corp and Liberty National Bank have announced a merger worth approximately $64.4 million. The transaction, expected to complete in the fourth quarter of 2022, will create a banking group with $1.8 billion in assets, a loan book worth $1.3 billion, and total deposits of ...
A Refresher on Triggering Events Impacting the Revised Loan …
WEBNov 8, 2021 · A revised Loan Estimate may be issued reflecting the increased appraisal fee of $400. By issuing a revised Loan Estimate, the $400 disclosed appraisal fee will now be compared to the $400 appraisal fee paid at consummation. For good-faith purposes, the appraisal fee has been re-set from $200 to $400 and there is no tolerance violation.
How US Banks Are Stepping Up Their ESG Activities
WEBApr 14, 2021 · Learn how JP Morgan, Wells Fargo, Bank of America, and Fifth Third are enhancing their commitment to environmental, social, and governance (ESG) themes. See their recent announcements on green banking, renewable energy, and climate impact.
What really is “digital banking”? - Banking Exchange
WEBDigital banking is the incorporation of new and developing technologies throughout a financial services entity, in concert with associated changes in internal and external corporate and personnel relationships, to provide enhanced customer services and experiences effectively and efficiently. True, that’s a mouthful.
BNB completes merger with Dime - Banking Exchange
WEBFeb 1, 2021 · The merger creates the premier community-based business bank in New York with $12 billion in assets and 60 branches. Customers can expect a new suite of products to launch in April 2021.
The Changing Landscape of Deposit Growth in US Banks
WEBJul 10, 2019 · Chart 6 shows that the combined growth rate from 2015-2018 was 13.8%, according to the FDIC. Our study found that the top 20 US banks increased deposits at a rate of 17.10%, which is 1.23 time greater than the FDIC average for the period. The bigger banks are benefiting in taking a larger share of this growth.
Physical Security at Banks Models Best Practices for Cybersecurity
WEBMay 10, 2019 · The first line of defense at a bank is the front door, which is designed to allow people to enter and leave while providing a first layer of defense against thieves. Network firewalls fulfill the same role within the realm of cyber security. Past the entrance there is often a security guard, which serves as an Intrusion Prevention System (IPS ...
Cost of Compliance Expected to Hit $181bn - Banking Exchange
WEBApr 13, 2020 · Cost of Compliance Expected to Hit $181bn. Global financial services companies will pay $180.9 billion in compliance costs this year, according to a new report from LexisNexis Risk Solutions. Completing processes such as sanctions monitoring, ‘know your customer’ remediation, anti-money laundering measures, and …
Innovation in Banking - Banking Exchange
WEBSep 29, 2019 · To stay relevant and connected with customer needs, banks must constantly evolve through innovation. Customers expect highly personalized experiences and real-time transactions across multiple interactive devices. This need for on-demand and bespoke service drives banks to adapt new business models and …
M&A Update: Pacific Premier Acquires Opus Bank
WEBJun 1, 2020 · Pacific Premier Bank has completed its acquisition of Opus Bank in a $743.9 million deal, creating one of the premier commercial banks in the western United States. The web page also reports on other bank merger and acquisition news in the US.