Jim Dobbs

Paul Taylor, one of the company's directors, will become president in anticipation of succeeding Matthew Wagner, who has been chief executive for 22 years and plans to retire at the end of 2023.

With household expenses and borrowing costs spiking, banks are bracing for depositors to demand more interest. The only question is how much longer bankers can hold out.

The founders of Integro Bank expect to secure this month the final round of capital needed to open the second startup bank in the state since 2007.

An American Bankers Association panel of experts predicted much slower economic growth, but agreed that the U.S. economy will avoid a recession over the next couple of years.

F.N.B. will beef up its presence in Raleigh and Durham with the acquisition of UB Bancorp.

Increased interest income would boost lending profitability, but only if borrowers are confident enough in the economy to take out loans. And that's just one of the issues hammering banks' shares.

The number of acquisition announcements in April was less than half the level of a year earlier. Experts attribute this to stock market weakness, higher interest rates and elevated regulatory scrutiny.

Cambridge Bancorp in Massachusetts said it would acquire Northmark Bank in a transaction valued at $63 million.

First Northern Community Bancorp Chief Executive Louise Walker said she will hand over the bank’s reins to its chief operating officer at the end of 2022.

Agility Bank, formed to serve local businesses operated by women, plans to launch in late May.