NCR Corp.'s data service division signed a number of contracts to provide processing services. Among them: the $100 million-asset Elgin (Ill.) State Bank; the $300 million-asset Atlantic Federal Bank in Baltimore; the $110 million-asset Bank of Coral Gables in Florida; the $300 million-asset First Federal Savings Bank in Anderson, S.C.; the $75 million-asset First National Bank in Spencer, W. Va.; the $48 million-asset First Southern Bank in Boca Raton, Fla.; the $35 million-asset Wonder Lake (Ill.) State Bank; the $20 million-asset Imperial Savings and Loan in Martinsville, Va.; and the $52 million-asset Pioneer Savings and Loan in Newport Beach, Calif. The contracts ranged in value from $480,000 to $78,000.
-
To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
59m ago -
Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
59m ago -
Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
1h ago -
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





