Editorial Staff

Marion and Polk Schools Credit Union announced plans to buy Lewis & Clark Bank in Oregon City; Citizens Financial Group tapped veteran McKinsey banker Azra Pravdic to join its executive committee; the Federal Reserve Board approved United Community Banks' merger with ANB; and more in this week's banking news roundup.

The top five banks and thrifts have combined deposits of more than $7.5 trillion in Q4 of 2024.

Investors will be looking for what bank leaders have to say about the potential impact of President Donald Trump's tariff policies.

A former TD Bank employee pleaded guilty to a felony in connection with a check-fraud scheme; EWA provider DailyPay filed a lawsuit against New York Attorney General Letitia James; First Citizens BancShares ended the shared-loss agreement it made with the FDIC after acquiring Silicon Valley Bank; and more in this week's banking news roundup.

The tariff regime unveiled last week by President Donald Trump has injected a significant dose of uncertainty into the banking industry and unleashed the specter of an economic slowdown.

Provident Bank's Tara Brady was promoted to chief experience officer; the Federal Reserve ended its enforcement action against Nano Banc; Jim Nussle announced plans to retire as CEO of America's Credit Unions; and more in this week's banking news roundup.

The top five banks had a combined commercial real estate loan volume of more than $482 billion at the end of the fourth quarter.

The top five bank holding companies have combined business loan portfolios of more than $2.6 trillion as of Dec. 31.

BMO hired former CEO of Citi Private Bank Halé Behzadi to accelerate the bank's growth strategy in California; Pennsylvania's Linkbancorp received regulatory approval to sell its New Jersey operations to a credit union; Dream First Bank announced plans to gain branches throughout Oklahoma; and more in this week's banking news roundup.

The top five bank holding companies have combined total consumer loan portfolios of more than $1.95 trillion.

BMO names Tony Sciarrino head of its U.S. commercial bank; Renasant receives regulatory approvals to complete its pending acquisition of The First Bancshares; Arkansas classifies earned wage access as a financial product; and more in this week's banking news roundup.

Retired banker Brad Schwartz is set to join First National as finance chief; Bar Harbor Bankshares agrees to acquire Guaranty Bancorp; CDFI Friendly America reveals new data on lending; and more in this week's banking news roundup.

The biggest loser had a net loss on sale of loans and leases of $908.2 million.

First Busey finalized its acquisition of CrossFirst Bankshares; American Express agreed to buy expense management firm Center; Valley National Bank appointed a new president of commercial banking and a new CFO; and more in this week's banking news roundup.

Six proposals involving the purchase of a bank were terminated or rejected in 2024.

The top five bank M&A deals had an average deal value to tangible common equity ratio of nearly 185%.

Lone Star Capital Bank's plan to merge into Rio Financial Services' banking subsidiary is one of several recently announced Texas M&A deals; David Sparacio will join Birmingham, Alabama's ServisFirst Bancshares as its chief financial officer; Capital City Bank names Ramsay Sims chief banking officer; and more in this week's banking news roundup.

FNB Corp marked the grand opening of its new downtown Pittsburgh headquarters this week. The bank owns and occupies the majority of the 26-story tower in the city's Hill District, a new addition to the city's skyline and one of the few new towers built in the city's business district in recent years. And long-time bank executive Robert Goldstein has died at 84.

The top five banks in this list closed a net total of 518 branches in 2024.

Provident Bank announces its new chief lending officer; the SEC's acting chairman asks a federal court to delay scheduling cases involving a rule on climate-related disclosure; the merger deadline for Capital One Financial's proposed acquisition of Discover Financial Services is extended; and more in this week's banking news roundup.