article thumbnail

Bank in West Virginia is closed by regulators

American Banker

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

article thumbnail

Clear Mountain Bank reaches new heights

Independent Banker

The West Virginia community bank is helping small-business customers get the financing they need while continually seeking new ideas to plan for its own future. Clear Mountain Bank is embracing flexibility, innovation and collaboration as it continues its ascent as a small-business connector in West Virginia. Quick Stat.

Insiders

Sign Up for our Newsletter

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

article thumbnail

West Virginia bank is first to fail since onset of coronavirus

American Banker

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

article thumbnail

The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Using CB Insights data, we analyzed the most active venture capital firm in each state, based on unique tech investments from 2014 to 2019 YTD (1/24/19). We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms. Merus Capital. BIP Capital.

article thumbnail

Health Care Companies Data At Risk Of Being Compromised

PYMNTS

According to the report, the insurance companies that were affected by the cybersecurity breach include Blue Cross Blue Shield of Kansas City, Blue Cross Blue Shield of North Carolina, HealthNow New York, BlueCross BlueShield of Western New York, BlueShield of Northeastern New York, Capital District Physicians’ Health Plan, Gateway Health Plan, Highmark (..)

article thumbnail

OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The OCC on Oct. While the target audience of the OCC release is somewhat narrow in scope (banks regulated by the OCC in the Northeastern District), other banks may benefit from reflecting upon their own processes and results to ensure they are sound in areas which may soon receive additional attention.

article thumbnail

How Diversified Revenue Streams Impact Ag Borrowers

Abrigo

However, it would require creating a substation, which can cost upwards of $4 million to $6 million and can eat into the capital budget of the project, becoming less economical for the landowner. Examples include habitat banks KCoe Isom manages in West Virginia and Nevada with our cattle-ranching clients.

Lending 195