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Financial Trends
Southern California Bancorp’s acquisition of CalWest Bank was postponed after shareholders initially rejected the proposal
Banks based in California, Michigan, Ohio, Louisiana and Florida have been added to the Nasdaq index of community institutions
KBRA warns that stable delinquency rates could rise in the months ahead as banks have focused on short-term relief
Payments firms Paiblock and ACI Worldwide have launched new services for banking customers to help them adapt to a post-COVID-19 world
Major appointments this month involved Discover, Wells Fargo, JP Morgan Chase, Sterling Bank & Trust, Pacific Mercantile Bank, Home Bank and Fifth Third
The impact of the COVID-19 pandemic has heavily impacted the two banks’ plans to combine operations
The Switzerland-headquartered bank is spending hundreds of millions of dollars to digitize its operations
Agriculture sector support comes through the same CARES Act legislation as the Paycheck Protection Program
Also, Cambridge Bank has received regulatory approvals for its delayed purchase of Wellesley Bank
Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
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