Remove 2007 Remove Capital Remove Community Remove Regional
article thumbnail

Why Banks Merge: Listen to the Sellers

Jeff For Banks

In 2013 there were 246 bank and thrift merger and acquisition deals announced, the highest number since 2007 when there were 318 deals. This all comes with fewer banks than there were in 2007. Read: We need to be bigger and have more capital to keep up with regulation and the industry. What is driving deal volume?

article thumbnail

Disruptive technology will not kill banks

Jeff For Banks

But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. Lending Club funded $5 billion in loans since its founding in 2007. How long before those corporate accounting system providers strike a deal with some regional or national bank to provide seamless views to corporate customers?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2021 GonzoBanker Awards

Gonzobanker

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Through all this, First Farmers has remained disciplined in performance and squarely focused on customers and community.

Fintech 142
article thumbnail

CRE Credit Risk – What You Need To Know Now

South State Correspondent

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. touched off a wave of bankruptcies.

article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Get the full report. How Stripe makes money .

Online 98
article thumbnail

How The Fed Will Impact Your Deposit Beta

South State Correspondent

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. Community banks with larger percentages of DDA balances will fare better. Influences on Deposit Beta.

article thumbnail

Temenos to Acquire Kony: So What?

Gonzobanker

After lining up a series of regional bank and mid-large credit union signings over the past few years, Kony more recently acquired Umpqua Bank’s Pivotus Ventures to bring on Engage (in Umpqua parlance, formerly known as “BFF” and now “Go To Banking”), another non-transactional means of engagement that channels the mashup of service and sales.