Remove Community Remove Indiana Remove Lending Remove Security
article thumbnail

Horizon in Indiana takes $33M hit in balance sheet restructuring

American Banker

The Michigan City company, part of a growing list of banks announcing similar overhauls, aims to sell nearly $400 million of securities and reinvest the proceeds in higher-yielding loans.

Indiana 36
article thumbnail

Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

Cleveland 150
Insiders

Sign Up for our Newsletter

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

article thumbnail

Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

The customer involved in the fraud is Interlogic Outsourcing, which processes payrolls and is based in Elkhart, Indiana. The bank also recently announced an initiative to help local communities. The event occurred in the beginning of Q3. KeyBank’s five-year, $16.5

Fraud 142
article thumbnail

Banking's Top 5 in Total Return to Shareholders: 2019 Edition

Jeff For Banks

It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 billion in assets community bank with 22 branches that encircle the Seattle Sound. Founded in 1980, Plumas Bank is a full-service community bank headquartered in Quincy in Northeastern California. FS Bancorp, Inc. NASDAQ: FSBW) FS Bancorp, Inc.

Indiana 78
article thumbnail

SourceMedia’s Small Business Banking Conference Show – No Shortage of Innovation

William Mills

First up was WMA-client Baker Hill, based in Carmel, Indiana and provider of Baker Hill NextGen , a turnkey online loan application system with a roles-based modern user interface specifically engineered to adapt with the evolving needs of financial institutions. Think Quicken Loans® on steroids but for small business lending.

article thumbnail

Banking's Total Return Top 5: 2015 Edition

Jeff For Banks

through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. The Company's residential mortgage division, headquartered in Atlanta, has lending offices in Arizona, Florida, Georgia, Maryland, Michigan, Indiana, Illinois and Ohio.

article thumbnail

DOJ settles redlining lawsuit against First Merchants Bank

CFPB Monitor

Department of Justice announced last Thursday that it had reached an agreement with First Merchants Bank, an Indiana state-chartered bank, to settle the redlining lawsuit that the DOJ filed against the bank on June 13, 2019 simultaneously with a settlement agreement and agreed order. Maintaining a fair lending monitoring program.