Thousands of regional and community banks are turning to fintech in order to meet the needs of customers who demand services on their computers, tablets and phones, according to a new report by Manatt.

The Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board of Governors, Office of the Comptroller (OCC) and National Credit Union Administration (NCUA) have released a proposed Interagency Policy Statement on Allowances for Credit Losses.

The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships.

One of the many bills enacted into law during the California Legislature’s end-of-session rush was Assembly Bill 857, which authorized the creation of “public banks” to support local economies and community development and address infrastructure and housing needs for ...

In the latest battle over the Office of the Comptroller of the Currency’s (OCC’s) plan to issue special purpose national bank (SPNB) charters, a D.C. federal judge has for a second time dismissed a lawsuit brought by the Conference of State Bank Supervisors (CSBS).

A strong corporate governance structure for any corporation is made up of a multitude of different factors and layers. At the very top, of course, is the board of directors which must set the tone and framework for effective governance. This rubric applies equally to start-ups and long-established ...

Over the last several years, companies which can be broadly grouped under the umbrella of “fintech,” or financial technology, have been making notable additions to their boards of directors by acquiring talent from traditional financial institutions and regulatory agencies. These ...

The growth and expansion of fintech service providers nationally and internationally over the last five years is reshaping the financial landscape. This evolution includes differentiation in how financial products are delivered and who is providing those financial products. Critical to the success ...

Market share for community and regional banks is slowly being taken away by "nontraditional" providers of financial services, whether they be peer-to-peer lending platforms or other distributors of consumer financial services through the Internet. In addition, global technology leaders are ...

Manatt’s Craig Miller, leader of the financial services group, and corporate and finance associate Dieu Nguyen represented Presidio Bank in its $200 million merger with Heritage Commerce Corp. The transaction was announced on May 16 and closed on October 11.

Manatt’s Brian Korn and Veronica Lah led a Manatt team representing CircleUP Network, Inc. and its affiliates in the closing of a $150 million financing transaction with Community Investment Management.

Manatt’s Neil Faden and Brian Korn led a team of Manatt attorneys in representing Platinum Auto Finance of Tampa Bay in securing a $100 million warehouse loan facility and $15 million in mezzanine financing. 

Manatt represented Idea 247, Inc. (d/b/a Idea Financial), a leading marketplace lender, in securing a $70 million warehouse loan facility with Cross River Bank.

Manatt is pleased to co-host a program titled “Banking on the Future: What’s Next for Community and Regional Banks” with Sandler O’Neill + Partners, L.P.

The Future of Fintech and Banking: Opportunities for Collaboration roundtable offers a forum for fintech and bank executives to discuss the key opportunities for collaboration between banks and fintech companies, in addition to the benefits of innovation and disruption associated with fintech ...

Manatt is hosting a Cyber Risk Webcast to provide a background and practical approach to addressing cyber security risks in financial services companies—particularly banks, credit unions and mortgage funds.

Manatt is pleased to sponsor BankDirector.com's Acquire or Be Acquired Conference - Exploring Your Growth Options, taking place January 29-31, 2012, at the Arizona Biltmore in Phoenix.