Paul Davis

The new Paycheck Protection Program rules, which created a review process and timeline for paying lenders, did not extend the time borrowers have to comply or increase how much money can be spent nonpayroll expenses.

The company, the product of a big merger shortly before the outbreak, had to build portals on the fly, help many customers shift to mobile and accomplish in days tasks that once took months, its digital chief says.

The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.

Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial.

The order's removal allows the Delaware company to pursue more opportunities in its payments business.

New Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry."

The agreement comes a day after Axos Financial warned that H&R Block was ending their six-year-old partnership.

H&R Block intends to break off the relationship since the parties have been unable to restructure compensation to reflect new interchange fee caps at Axos.

The Pittsburgh company has owned a 22% position in the money manager since 1995.

Organizers representing five tribes aim to create a financial institution to serve their members.