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Comerica , a regional bank in Dallas, said its deposits fell 9% during the first three months of the year. Zions ( ZION ), a Salt Lake City lender, said they dropped 3.4%.
Despite overcoming a crisis in 2023, the pain isn’t over for America’s regional banks. The SPDR S&P Regional Banking exchange-traded fund has fallen roughly 13% this year. Shares of New York ...
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia ...
In the second quarter of 2024, there were 3,985 commercial banks and 554 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.9 trillion in assets.
M&T , a regional bank based in Buffalo, N.Y., anticipates its net interest income will be down 5% to 6.5% in 2024. Its CFO, Daryl Bible, told analysts that lower rates would help its commercial ...
Somewhere in between national banks and community banks sit regional banks. These institutions cover more ground (literally) than community banks, but are considerably smaller players than ...
The bank originates loans for marketplace lenders and processes payments, and is known for its roster of clients in emerging fintech sectors. [34] [35] [36] As of 2020, the bank has assets of approximately $9.9 billion and maintains 300 employees at its branch office and corporate headquarters in New Jersey.
Regional bank stocks fell Tuesday after Moody’s Investors Service downgraded 10 mid-sized institutions by a single notch, including M&T Bank , Webster Financial , BOK Financial , Old National ...