2020-06-19
A Tidal Wave of Bankruptcies Is ComingExperts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving.
Read More from: Shenwick & Associates
2020-06-19
Kennebec Savings Bank will have $1.3 billion in assets after it absorbs Kennebec Federal Savings and Loan Association of Waterville.
Read More from: BankThink
2020-06-19
Many people struggling with debt fear losing their housing. That concern runs deep, and not just for those who are purchasing homes and fear foreclosure.
Read More from: Bonds & Botes, P.C.
2020-06-19
As the U.S. celebrates Juneteenth, it's imperative that credit unions find ways to ensure all Americans have access to the banking services necessary to thrive.
Read More from: BankThink
2020-06-19
Loan forbearances are wreaking havoc with firms that normally clean up during recessions; the Fed’s latest rescue plan is off to a rocky start as few banks show interest in making the loans.
Read More from: BankThink
2020-06-18
The Pittsburgh-based company said the funds will be used to support community development, minority-owned businesses and charitable organizations that work to promote social justice.
Read More from: BankThink
2020-06-18
From hiring to health care, Vice Chair Anne Finucane shares details about Bank of America’s pledge to address vital needs in minority communities.
Read More from: BankThink
2020-06-18
The Delaware company said it received $22 million in net proceeds after selling 360,000 class B shares.
Read More from: BankThink
2020-06-18
The bank says fraud attempts involving commercial wire transfers have escalated since the outbreak began. It's training employees and customers how to head off the often hard-to-detect scams.
Read More from: BankThink
2020-06-18
Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital tools.
Read More from: BankThink
2020-06-18
The inability of Democrats and Republicans to agree on a chairperson and lack of sufficient personnel have made it harder for the commission from doing its job — hold Treasury and the Fed accountable for implementing the coronavirus relief law, ob
Read More from: BankThink
2020-06-18
A decision that expands the low-income definition to all active-duty military personnel will only enable large credit unions to push out smaller competitors, removing choice for people in the military.
Read More from: BankThink
2020-06-18
Delmarva Bancshares, which was on the brink of failure during the financial crisis, will be sold to BV Financial for $54 million.
Read More from: BankThink