First Mid Bancshares has agreed to acquire Evergreen Bancshares, parent of American Bank of Freedom, in a cash-and-stock transaction valued at approximately $70.7 million. The agreement was signed October 28 and announced October 29.The acquisition would extend First...
Mercantile Bank Corporation reported a $13.2 million increase in residential mortgage loans during the third quarter, although its home-loan portfolio remains smaller than it was at the start of the year. The Michigan bank’s latest results offer a view of how...
Chime, the San Francisco-based banking fintech (NASDAQ: CHYM), is acquiring Stride Bank, a nationally chartered bank headquartered in Enid, Oklahoma, for $590 million in cash. The $5.4 billion-asset Stride, which has been Chime’s bank partner for more than seven...
Canadians are re-evaluating their relationships with their financial institutions for additional credit support, according to new research from Equifax Canada. Among the key findings from the survey are the following: 56% of mortgage holders say they will explore...
Buffalo, New York-headquartered M&T Bank (NYSE: MTB) has appointed Lopa Kolluri as head of affordable housing lending. In her new role, Kolluri will be based in the bank’s New York City office and will be responsible for the development, oversight, and day-to-day...
Existing-Home Sales Fall 5.5% to Lowest Level Since 2010 as Mortgage Rates …
