Ken McCarthy is a reporter at Credit Union Journal, and a former reporter for American Banker and S&P Global Market Intelligence.
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MVB in West Virginia will gain a 47% stake in the partnership in exchange for contributing its mortgage unit's assets to the new company.
By Ken McCarthyMarch 3 -
The San Diego bank is struggling to renegotiate a partnership with the tax preparation firm to address caps on interchange fees.
By Ken McCarthyMarch 3 -
Credit unions could be feeling some of the heat from critics of their bank takeovers, or simply gearing up for another round of activity.
By Ken McCarthyFebruary 28 -
Credit unions could be feeling some of the heat from critics of their bank takeovers, or simply gearing up for another round of activity.
By Ken McCarthyFebruary 27 -
Organizers of Gulf Atlantic Bank must raise $12 million in capital before opening.
By Ken McCarthyFebruary 25 -
WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five.
By Ken McCarthyFebruary 24 -
Zember abruptly resigned as CEO of Ameris Bancorp last summer.
By Ken McCarthyFebruary 20 -
David Brager, the California company's sales division manager, will replace Christopher Myers on March 16.
By Ken McCarthyFebruary 20 -
Clearer standards make it easier for shareholders to boost their stakes in banks without having to file for bank holding company status.
By Ken McCarthyFebruary 18 -
Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S. bank.
By Ken McCarthyFebruary 11 -
David Hanrahan had been CEO of Capital Bank of New Jersey, which was sold last year to OceanFirst Financial.
By Ken McCarthyFebruary 10 -
The company's new platform targets a narrow customer segment — frequent fliers.
By Ken McCarthyFebruary 6 -
Unlike other regions of the country, the western U.S. has seen very few large bank mergers in recent years. Here's why Pacific Premier's acquisition of Opus Bank could change that.
By Ken McCarthyFebruary 3 -
A fifth of U.S. banks may lack the stock multiples it takes to pursue acquisitions, so they're looking for other ways to improve results and deploy capital.
By Ken McCarthyJanuary 28 -
Timothy Crane is set to succeed Ed Wehmer as president, though Wehmer will remain the Illinois company's CEO.
By Ken McCarthyJanuary 28 -
Luis Massiani has been the company's chief financial officer since 2012.
By Ken McCarthyJanuary 27 -
Bask Bank will offer customers AAdvantage miles for every dollar saved.
By Ken McCarthyJanuary 27 -
The company, which just hired CEO Jay Sidhu's son to groom as its next chief, had been holding itself back to avoid caps on interchange fees.
By Ken McCarthyJanuary 23 -
Terry Turner at Pinnacle Financial says big banks in the city, including Truist Financial and Wells Fargo, are "vulnerable" to new competitors.
By Ken McCarthyJanuary 22 -
Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year.
By Ken McCarthyJanuary 20














