Ken McCarthy is a reporter at Credit Union Journal, and a former reporter for American Banker and S&P Global Market Intelligence.
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People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.
By Ken McCarthyJanuary 17 -
Tom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year. An ongoing audit of the program and pressure to diversify beyond mortgages are reasons to watch Lopp and Sterling in 2020.
By Ken McCarthyDecember 27 -
David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream.
By Ken McCarthyNovember 26 -
The FDIC ordered the Seattle bank to pay a nearly $1.4 million fine tied to improper agreements with real estate brokers and homebuilders.
By Ken McCarthyNovember 6 -
The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May.
By Ken McCarthyJuly 1 -
All of the Seattle company's directors, including CEO Mark Mason, were backed by shareholders despite a challenge by Blue Lion Partners.
By Ken McCarthyJune 21 -
The Indiana company, which has an acquisition pending, will make more loans in minority neighborhoods around Indianapolis.
By Ken McCarthyJune 13 -
The parent of Ponce Bank has agreed to acquire Mortgage World Bankers.
By Ken McCarthyMay 22 -
The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.
By Ken McCarthyMay 17 -
Meridian Corp. may have breached sales agreements after originating nearly $100 million in loans in a state where it lacked a license.
By Ken McCarthyMay 16