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Short sellers targeting a key regional U.S. bank exchange-traded fund have made $977 million on paper so far in 2024, data from analytics firm Ortex showed, as troubles at New York Community ...
In 2023, Silicon Valley Bank (SVB), a regional bank in California largely serving the tech sector, collapsed with little warning. Within just 48 hours, the bank plunged from a seemingly secure ...
"The 2023 situation was another manifestation, another endorsement of the big-bank business model, and really, it's sort of damning for the regional banks with a niche business model," Steven ...
When Silicon Valley Bank did it, it spurred a panic among investors and depositors. The difference this time around is that regional banks aren’t selling lower-yielding securities to pay depositors.
Regional banks typically have a number of branches that serve individuals and businesses across a given region. [4] The definition of what constitutes a regional bank is not precise, although the Federal Reserve describes it as an organization "with total assets between $10 billion and $100 billion".
In the case of New York Community Bancorp, it was largely one office loan and one co-op loan that were responsible for a steep rise in net charge-offs to $185 million from $1 million in the year ...
Since 2014, the bank has been the official bank of the USC Trojans, the athletic program of the University of Southern California. [16]In 2016, the Banc of California announced a partnership with Los Angeles FC, a Major League Soccer franchise, and a 15-year, $100 million deal with the club for the naming rights to their stadium Banc of California Stadium in Los Angeles, which opened in 2018.
Tri Counties Bank is a financial institution headquartered in Chico, California. It is a subsidiary of holding company TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California. [ 2 ] The first branch opened in 1975 to serve the Butte , Glenn , and Tehama counties, from which the bank received its name. [ 3 ]