Items Tagged with 'community banking'

ARTICLES

  • HomeStreet Bank moves to sell off almost entire mortgage business

    Lender’s mortgage business has struggled recently
    After struggling to keep up with the mortgage business’ new reality of lower refinance originations due to higher mortgage interest rates, HomeStreet Bank is plotting a mass exodus from the mortgage business. The bank announced Friday that it is planning to sell off its entire retail mortgage operation, which includes 72 home loan centers in five states.
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  • Midwest community bank merger: First Financial buying MainSource for $1 billion

    Combined bank will be sixth largest in Indiana
    In a deal that will create one of largest community banks in the Midwest, First Financial Bancorp, the parent company of First Financial Bank, and MainSource Financial Group, the parent company of MainSource Bank, announced that they plan to merge. Based on First Financial’s closing price of $28.10 on July 25, 2017, the transaction is valued at approximately $1 billion.
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  • Huntington Bank pledges $16.1 billion for community development in Midwest

    Partners with National Community Reinvestment Coalition to help underserved
    Huntington Bancshares is partnering with the National Community Reinvestment Coalition, and more than 100 of the NCRC's local community organizations, to launch a five-year plan that will see Huntington invest more than $16 billion for community development throughout the Midwest.
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  • Why are there almost no new banks since the crisis?

    Dallas Fed: Regulations are crushing community lenders
    In the aftermath of the economic crisis of the late 2000s, the federal government passed a number of sweeping laws that irrevocably changed the financial landscape of this country, but just how much?
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  • Freddie Mac announces partnership with The Mortgage Collaborative

    GSE to offer benefits to mortgage lending cooperative’s members
    Freddie Mac announced a partnership with The Mortgage Collaborative, an independent mortgage lending network of small, mid-sized and community-based lenders, that will help the group’s members build better businesses and compete more effectively in today's dynamic mortgage market.
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