Regional Banks news and trends

SVB’s Ex-Owner Ends Bankruptcy Amid FDIC Litigation
Banking // August 04, 2024

Silicon Valley Bank’s former owner has gotten a judge’s permission to end its bankruptcy. As Reuters reported Saturday (Aug. 3), SVB Financial Group has been given leave to turn over its assets to its creditors, bringing its bankruptcy to a close. According to the report,...

Republic First Sold to Fulton in Latest Regional Bank Failure
Banking // April 28, 2024

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC) announced late Friday (April 26)....

Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness
Banking // April 17, 2024

The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit Insurance Corp. during the financial crisis of 2008, said in an interview with CNBC Tuesday (April 16). “I think some...

Report: US Regulators Could Debut Banking Rules This Spring
Regulation // March 05, 2024

The Federal Reserve and other American regulators could reportedly unveil new banking regulations this spring. That’s according to the New York Times (NYT) report Tuesday (March 5) on the response to last year’s banking crisis. A source told the news outlet that at least some policymakers want...

Interviews & Exclusives
Regional Banks Show Card Spending, Digital Growth Steady

April 19, 2023
Bank earnings continue to roll in. Beyond the biggest players, J.P. Morgan, Citigroup, and others, the regionals and the super-regional banks have shown some resilient trends: Consumers continue to spend, digital and omnichannel efforts continue to make headway. The deposit volatility that might have been expected in the wake of the Silicon Valley Bank (SVB) […]

App Factories, The Cloud And Helping Small FIs Compete Like FinTechs

July 19, 2019
The problem when it comes to innovation for regional banks and credit unions isn’t lack of interest. Quite the contrary, according to Ondot Systems CEO and President Vaduvur Bharghavan (known...

Quick Reads
Regions ‘Monitoring’ Debit Interchange Rule as Card Income Dips

October 18, 2024
Regions Bank’s profit dipped during the third quarter as deposit costs rose and loan demand fell. The regional lender released quarterly earnings Friday (Oct. 18) showing a 5.7% decline in net interest income (NII) — the gap between what a bank earns on loans and pays deposits — to $1.22 billion in the quarter. Regions […]

SVB’s Ex-Owner Ends Bankruptcy Amid FDIC Litigation

August 04, 2024
Silicon Valley Bank’s former owner has gotten a judge’s permission to end its bankruptcy. As Reuters reported Saturday (Aug. 3), SVB Financial Group has been given leave to turn over...

Republic First Sold to Fulton in Latest Regional Bank Failure

April 28, 2024
Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank...

Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness

April 17, 2024
The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit Insurance Corp. during the financial...