This week's most read content includes pending deals between CapStar Financial and Athens Bancshares as well as Seacoast Banking and First Green Bancorp, and a feature on digital lending company GreenSky.
Not ready to 'declare victory,' Fed signals quicker pace on rate increases
The Federal Reserve increased rates for the second time this year as it sees U.S. economic growth picking up further this year. The target range for federal funds rate is now 2%, up 25 basis points from the previous 1.75%.
Goldman Sachs working to widen depository i-banking coverage
Goldman Sachs & Co. LLC is planning to widen the scope of its depository coverage to meet the goal of adding 1,000 new investment banking clients across several sectors.
Deal provides CapStar Financial scale, new markets and coveted low-cost deposits
With its $113.5 million planned acquisition of Athens Bancshares Corp. in eastern Tennessee, CapStar Financial Holdings Inc. says it also will diversify its business mix, expand its footprint, lower its funding costs and add scale to bolster efficiency and profitability.
With First Green deal, Seacoast still bulking up in Orlando MSA
Seacoast Banking Corp. of Florida's largest deal to date, its $132.6 million acquisition of First Green Bancorp Inc., could be its final M&A opportunity of size in the Orlando metropolitan statistical area, an executive suggested.
GreenSky takes flight in growing point-of-sale lending market
S&P Global Market Intelligence profiles Greensky Inc., which has built a scalable lending marketplace by turning thousands of home contractors into sales agents and using banks to fund loans. However, unique risks and growing competition could lead to lower margins in the years to come.