Community banking
Community banking
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Steve Calk, the head of The Federal Savings Bank, was a "co-conspirator" in an effort to defraud the Chicago bank, a prosecutor said at the trial of former Trump campaign chair Paul Manafort. Could Calk be charged with a crime?
August 13 -
Stephen Calk, the CEO of The Federal Savings Bank, expedited approval of a mortgage to the onetime Trump campaign chair in hopes of winning a job as Treasury secretary or housing secretary, a former bank employee testified Friday.
August 10 -
Five potential witnesses against Paul Manafort, including accountants and bankers, were identified Monday as a U.S. judge gave the former Trump campaign chairman's lawyers more time to review tens of thousands of documents handed over to them in recent weeks.
July 25 -
Level One Bank in Farmington, Mich., has hired a team of mortgage bankers from MB Financial, which previously announced it was shutting down this business line.
July 10 -
A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.
July 6 -
The deal is designed to improve capital ratios and reduce risk at the Seattle company.
July 3 -
Commercial real estate is their bread and butter, but many banks are scaling back in this vital loan category. Here’s why.
June 29 -
Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares.
June 19 -
Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.
June 15 -
The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.
June 14 -
Angel Oak Commercial Lending has acquired a controlling interest in lender Cherrywood Mortgage in order to strengthen its focus on small-balance commercial lending.
June 5 -
Lenders would have a lighter data-reporting burden, but they may end up deciding to collect the data anyway.
May 25 -
As President Trump signed the regulatory relief bill into law on Thursday, most of the attention was on a provision to help regional banks with more than $50 billion of assets. But a majority of the new law is aimed at helping institutions below $10 billion. Here's how.
May 24 -
Union Bankshares has reached an agreement under which Federal Savings Bank will originate mortgages in its branches.
May 23 -
The bill passed by the House took a more cautious approach to relief than prior legislative proposals but has still been hailed by banking industry groups.
May 22 -
The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.
May 21 -
The company has also hit its goal of having half of total loans tied to customers around Atlanta.
May 21 -
Call it mutual respect. Bankers from mutually owned British building societies and similarly structured U.S. thrifts recently gathered in New England to address common challenges and share ideas about staying relevant at a time of rapid change in financial services. Here are the takeaways from their meetings.
May 18 -
Mick Mulvaney’s recent comments about the CFPB Qualified Mortgage rule have triggered a debate over whether regulators should take into account more than one underwriting model.
May 17 -
Capitol Federal Financial has mostly relied on mortgages throughout its history. Its acquisition of a commercial lender will change that.
May 11