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Citing customers’ increased adoption of digital services over the past two years, banks are shrinking their physical presence, while also renovating the locations they keep — but credit unions are bucking the trend.
March 9 -
Chicago Title Insurance Co. and Chicago Title Co. LLC agreed to the payment to resolve a lawsuit brought by the bank, which said the firms had helped orchestrate a borrowing scam involving liquor licenses, according to a regulatory filing.
March 8 -
The $142 million deal would vault the buyer from the 21st-largest bank in Philadelphia to the 12th largest.
March 2 -
TriCo Bancshares said regulators will allow it to finalize its $165.6 million acquisition of Valley Republic. The deal was initially expected to close last year.
March 2 -
Richard Adams Sr. will step down from United Bankshares' top job on April 1, after 47 years. Current President Richard Adams Jr. will take over.
March 1 -
The Canadian banking giant established a nine-month window to finish its $13.4 billion purchase of First Horizon, which could be challenging given the tighter regulatory scrutiny of bank M&A. After November, the price tag will go up.
February 28 -
The New York bank said it called off the acquisition of Amalgamated Bank of Chicago because it has been unable to obtain regulatory approval. But the seller expressed hope that the deal could still move forward.
February 28 -
Brad Bolton, incoming chairman of the Independent Community Bankers of America, wants the advocacy group to push back against overly broad policymaking and credit unions' tax status, while opening the door to cannabis banking.
February 25 -
The Federal Reserve and the FDIC are weighing changes to their policies for reviewing mergers and acquisitions, and that’s creating a sense of urgency among bankers to cinch deals now.
February 25 -
An ultracompetitive job market is forcing lenders to boost salaries, requiring many to caution investors that expenses could jump before profits from higher rates are realized.
February 22
