5+ mon, 3+ week ago   (749+ words) In the battle between a New York community bank and an activist investor, the two sides have reached a temporary ceasefire. Lake Shore Bancorp, owner of Lake Shore Bank in Western New York, has entered into a "standstill agreement" with…...

5+ mon, 3+ week ago   (387+ words) Far from simply being a recruiting and retention tool, financial advisor compensation plans are turning into important growth and valuation engines, according to succession planning experts. On the other hand, Grau jumped in to add, failing to build an effective…...

6+ mon, 1+ day ago   (1193+ words) Proposed legislation in New York state aims to expand the access that minority and community banks have to state deposits, a move that supporters argue would increase banking services in underbanked communities and provide more funding for loans to help…...

6+ mon, 3+ day ago   (755+ words) Key insight: Dean Bass, who built and sold two Houston community banks over a 50-year banking career, is planning to take the reins of a third. Expert quote: A company chaired by Bass "has the capital resources and relationships to…...

6+ mon, 4+ day ago   (1006+ words) When people think of a bank failure, they typically picture a crowd of anxious depositors demanding their money back. The bank doesn't have enough cash to pay everyone at once, so it collapses. That scenario, a group of scholars says,…...

6+ mon, 1+ week ago   (804+ words) A lender service provider that helped build Northeast Bank in Portland, Maine, into one of the nation's most prolific Small Business Administration lenders is leveraging an $11 million venture capital investment to expand its platform. Newity in Chicago, Ill., received the funding…...

6+ mon, 1+ week ago   (617+ words) WASHINGTON — The House Financial Services Committee voted 26-16 in favor of a package of bills that would favor small banks. Hill has made community banking a hallmark of his chairmanship, but he's not gotten a vote for his Dodd-Frank rollback vision…...

6+ mon, 1+ week ago   (339+ words) An indirect way is of course is that wars require money, and eventually those bills come due. This isn't often immediately apparent. Right now for instance, the markets are doing about what you'd expect them to do. Indeed, the "war…...

6+ mon, 1+ week ago   (612+ words) The subprime lender CashCall has reached the end of its legal dispute with the Consumer Financial Protection Bureau and must pay $134 million in restitution for initiating high-interest loans through a tribal lender to evade state usury laws. On Tuesday, the…...

6+ mon, 2+ week ago   (981+ words) Federal appeals court judges hinted at a potential solution to the contentious showdown between the Consumer Financial Protection Bureau and the National Treasury Employees Union that could keep the agency alive. That solution was this: If the CFPB presents a…...