The Bank Rundown: March 2024

March 14, 2024 by "The WaFdl/Luther Burbank merger should not have been approved, and certainly not without significant conditions." By Kevin Stein, Chief of Legal and Strategy Sorry (insert bank name), I almost did not see you there hiding behind the ABA In recent months, banking trade groups have harmfully turned to litigation and lobbying in an attempt to...
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The Bank Rundown: January 2024

January 26, 2024 by “If you are not at the table, you are on the menu.” By Kevin Stein, Chief of Legal and Strategy Who says Community Benefits commitments are just for big banks? CVCB creates a strong climate for community banks to serve their communities Rise Economy was pleased to end 2023 with a novel Community Benefits Commitment...
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The Bank Rundown: November 2023

December 01, 2023 by "We are disappointed by this concerning discovery and thankful for the vigilance of the CFPB." By Kevin Stein, Chief of Legal and Strategy A tale of two (failed bank emergency) mergers In a big victory, First Citizens Bank stepped up and committed to fund an additional  $6.5 billion for California and Massachusetts communities after our...
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The Bank Rundown: October 2023

October 13, 2023 by "It’s one or the other. You cannot have it both ways. Communities deserve better." By Kevin Stein, Chief of Legal and Strategy What would happen if 100 CBOs wrote a letter to over 40 bank CEOs? Rise Economy Advocacy By the Numbers In September, alongside 100 of our closest nonprofit organizational friends, we sent a...
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The Bank Rundown: August 2023

September 01, 2023 by

“Rise Economy was eager to meet with JPMorgan Chase even before it acquired the failed First Republic Bank. Now, we can barely contain ourselves.” By Kevin Stein, Chief of Legal and Strategy   Banc of CA proposes to more than triple its size in acquiring Pacific Western Bank Banc…

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The Bank Rundown – January 2021

January 10, 2021 by

In this month’s Bank Rundown, we look at a potential merger between the United State’s 11th largest bank by total assets and the 39th largest; a California loan company’s bid to become a bank; and more. CIT Bank being bought by First Citizens Bank of North Carolina In November,…

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