73 5-Star Community Banks Add Branches in 2nd Qtr 2020
The current environment has put a big damper on mergers and acquisitions and put cost-cutting measures on the front burner. And it comes as no surprise that some banks are taking the opportunity to shutter branches. 4-Star Park National Bank,…
Paycheck Protection Program (PPP) Round 2
With constantly changing rules and rising fear that the loans may not be forgiven, the stampede for Paycheck Protection Program Loans (PPP) money slowed to a trot. Phase 1 dollars were all tapped in less than weeks; as of June…
Banks Report Lowest Net Income in a Decade
First quarter 2020 net operating income at the nation’s banks was $43.1 billion lower than a year ago. That’s a 71.6% drop, and the lowest number we’ve seen since the last recession. Some of that decrease can be attributed to…