Allissa Kline is a Buffalo, New York-based reporter who writes about national and regional banks and commercial and retail banking trends. She joined American Banker in 2020 and previously worked for more than a decade at Buffalo Business First, where she covered banking and finance, insurance and accounting. Kline started her journalism career at the Observer-Dispatch in Utica, New York. She graduated from Colgate University and the S.I. Newhouse School of Public Communications at Syracuse University.
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The second-largest U.S. bank provided an update to investors about the consent order issued by the OCC in 2024, saying a resolution may include monetary penalties.
August 3 -
The Los Angeles-based regional lender reported a quarterly net loss of $251.3 million, driven by a balance-sheet restructuring that included the sale of securities and certain commercial real estate loans.
July 29 -
Dallas-based Texas Capital Bank will try for a second time to win shareholder support to switch its state of incorporation from Delaware to the Lone Star State, according to CEO Rob Holmes. If it succeeds, it will join a growing list of companies choosing the same path.
July 29 -
The Long Island-based regional bank gave investors a mix of good news and bad news on Friday, as it continues its strategic overhaul.
July 24 -
Optus Financial in South Carolina will acquire M&F Bancorp in North Carolina in a deal that's set to create one of the largest Black banks in the United States.
July 23 -
Following a recent approval by the European Central Bank, Banco Santander's pending acquisition of Webster Financial is expected to close before the end of 2026, executives said. There's been concern that the deal could get tangled up in tensions between the U.S. and Spain.
July 22 -
For some banks, surging loan growth isn't all a bed of roses, as funding the increased volume often results in a certain amount of net-interest-margin dilution.
July 21 -
The regional bank faced months of pressure to end its relationship with CoreCivic and The Geo Group, two of the country's largest private prison operators. On Friday, it said it would "exit the credit facilities" it has in place for those companies, attributing the decision to business factors, not pressure from activists.
July 17 -
The Charlotte, North Carolina-based bank stopped originating marine and recreational vehicle loans during the second quarter. Executives said the change will reduce net interest income in the short term, but deliver higher profitability over the long run.
July 17 -
The regional bank revealed plans Thursday to close most of its supermarket-based branches and replace about half of them with new, nearby standalone branches. The multiyear transition could attract $20 billion to $30 billion in low-cost deposits, executives said.
July 16 -
The investment banking giant has a hefty amount of excess capital, some of which is being used to meet client demand. At the same time, the company is open to opportunities to do bolt-on acquisitions, CEO Ted Pick said.
July 15 -
The global bank said it's ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.
July 14 -
A detailed look at bank merger-and-acquisition activity between January and June reveals a significant slowdown in announcements and a decline in deal value and pricing. The deceleration coincided with the start of U.S.-Israeli attacks on Iran.
July 14 -
Brendan Coughlin, who is widely viewed as the heir apparent to Citizens Financial Group CEO Bruce Van Saun, will now oversee all of the regional bank's lines of businesses.
July 9 -
Industry experts say regional banks have roughly a two-year window in which to merge, before they risk the clock expiring on the Trump administration's M&A-friendly policies.
July 7 -
The largest U.S. bank by assets named two co-presidents as part of its latest executive management changes. Marianne Lake, who was widely viewed as a contender to succeed CEO Jamie Dimon, will retire from the company.
June 25 -
The Atlanta-based parent company of Ameris Bank plans to open a commercial banking office in Tennessee's largest city by the end of the year, as part of its organic growth strategy.
June 24 -
The Spanish banking giant's pending acquisition of Webster Financial is still awaiting approval from the Federal Reserve Board and the European Central Bank. The deal is expected to close during the second half of 2026.
June 17 -
The North Carolina-based regional has recruited Michael Lyons to serve as CEO, starting Sept. 1. Lyons will replace Bill Rogers, who plans to retire in April 2027.
June 15 -
The megabank has completed the sale of its consumer banking business in Poland. It has now sold 10 retail-focused franchises in certain underperforming, international markets over the past five years.
June 12
