First Foundation hires outsider as CEO amid strategy overhaul
The Dallas bank is replacing longtime CEO Scott Kavanaugh, who stepped down Thursday, with veteran banking executive Thomas Shafer. Shafer previously led Chemical Bank, which was acquired by TCF Financial in 2019.
Small banks risk losing ground in business credit cards
Banks that don't focus on credit cards for this market may find larger banks and fintechs are eating their lunch.
FDIC highlights stability amid CRE issues in banking report
The Federal Deposit Insurance Corp.'s Q3 Quarterly Banking Profile report highlighted net bank income falling 8.6%, but also showed slow delinquency growth in commercial real estate and core income metrics improving across the banking sector.
A small upstate New York bank sees big growth potential in the Bronx
Orange Bank and Trust in Middletown says it will operate as a boutique commercial bank, focusing on small business, nonprofits and the borough's sizzling housing construction market.