Lauren Seay

May 21, 2024 | spglobal.com | Lauren Seay

For US banks, creative deposit-gathering trumps rate-dependency Community banks must think creatively if they want to win deposits in the current higher-for-longer environment, panelists said at S&P Global Market Intelligence's Community Bankers Conference. "Do not lean on rates.

May 20, 2024 | spglobal.com | Lauren Seay

Dealmaking headwinds are making buyers more picky, leaving eager sellers with limited options. Higher-for-longer interest rates, lower-than-usual tangible book values and regulatory hurdles are keeping buyers on the dealmaking sidelines, according to investment bankers on a panel at S&P Global Market Intelligence's Community Bankers Conference on May 20. These factors are, however, pushing many community banks to look for a way out, leading to a sharp imbalance between buyers and sellers.

Apr 29, 2024 | spglobal.com | Lauren Seay

Activist investor Lawrence Seidman and Blue Foundry Bancorp are still butting heads as the shareholder pushes the bank to sell. Blue Foundry attempted to have a Seidman proposal — which calls for the bank to hire an investment bank to facilitate a sale — excluded from its upcoming shareholder meeting May 16. The company's legal counsel argued to the Securities and Exchange Commission that the proposal is outside of the 500-word limitation.

Apr 11, 2024 | spglobal.com | Lauren Seay

Colorado banks and credit unions are arguing over a bill that would allow credit unions to purchase state-chartered banks. A bill featuring a provision to allow credit unions to purchase Colorado-chartered banks is making its way through the state's general assembly.

Mar 27, 2024 | spglobal.com | Lauren Seay

Colorado seeks to overturn state regulator's ban on credit union-bank deals Colorado legislators are making an effort to allow credit unions to purchase state banks after the Centennial State's regulator barred these deals. On Feb. 28, a bill that seeks to allow credit unions to purchase the assets or substantially all the assets of a Colorado state-chartered bank was introduced in the Colorado House Business Affairs and Labor committee. The bi-partisan bill is co-sponsored by Democratic Reps.