Match commercial banks bank: ‘We’re not looking to be the next Ally’

Allstate Commercial Bank has agreed to sell its commercial banking business to a private equity firm led by former Citigroup executive Brian White.White is expected to take the bank private after the sale.The deal is valued at more than $5 billion.White, who left Citigroup last year, was widely expected to lead Allstate through the bank’s …

What happens if you have a lawn mowing job in suburban commercial banks?

The Federal Deposit Insurance Corporation (FDIC) announced that commercial banks are no longer able to lend to businesses with no other banking or commercial loans available.In a letter sent to commercial loan holders, the FDIC explained that commercial loans are not available for “all businesses in the region.”It also noted that commercial commercial loans require …