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PADUCAH, Ky. & SPRINGDALE, Ark.--(BUSINESS WIRE)--Signature Bank of Arkansas, a community bank headquartered in Northwest Arkansas, recently opened its second Banco Sí location in Springdale. The new banking experience allows the bank to reach new customers and meet the demand for Spanish banking services in the region, as the Hispanic population is projected to increase to 19% of Northwest Arkansas's total population by 2026. Founded in 2005, Signature Bank of Arkansas has opened 10 locations.
Scott Goodwin, co-founder of credit asset management firm Diameter Capital, said he sees value in investing in bonds and stocks of failed Signature Bank.
On this day one year ago was the collapse of Signature Bank.
George Klett, president of the New York Real Estate Capital Corp, joins 'The Exchange' to discuss the sale of Signature Bank CRE loans, the outlook for commercial real estate, and more.
Bids are coming due on the biggest commercial-real estate transaction of its kind, at a crucial moment for property markets.
Corporate bonds issued by PNC Financial Services Group Inc. drew in fresh capital in a bullish reaction by Wall Street to the bank's purchase of a portfolio from the former Signature Bank, according to a data provider in the space.
The Federal Deposit Insurance Corp. on Tuesday announced details of a planned sale of seized assets from New York's collapsed Signature Bank.
The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investing firms, Bloomberg News reported on Friday.
Live Oak Bancshares serves small businesses and is the top lender through the Small Business Administration's lending program. The bank was a big winner during the pandemic, as it helped facilitate billions in Paycheck Protection Program loans for small businesses.
There could be further progress Wednesday in the bipartisan push to take back pay from executives at failed banks, as the Senate Banking Committee is slated to consider a bill that would permit regulators to claw back compensation received in the two years before a failure.