German American Bancorp, Inc and Citizens Union Bancorp of Shelbyville, Inc Announce Definitive Merger Agreement
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German American Bancorp, Inc (GABC) Appoints Dr Sue Ellspermann to Corporate Board of Directors
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3 Stocks to Own as Regional Banks Rebound
HIBS – Regional bank stocks Hingham Institution for Savings (HIFS), Webster Financial (WBS), and German American Bancorp (GABC) don’t get much attention, but they should. Here’s why.
Jan 7, 2021
In just the first few days of trading in 2021, regional bank stocks are soaring. The SPDR S&P Regional Banking ETF (KRE) is up more than 12%, while the S&P 500 is trading just 1.29% higher.
The banking industry saw more than its fair share of challenges in 2020, ranging from the closure of branches due to the coronavirus pandemic, to the increased competition from non-bank fintechs. The Deloitte Center for Financial Services is estimating that the U.S. banking industry may have to provision for a total of $318 billion in net loan losses from 2020 to 2022, which would represent 3.2% of loans.