Consumer banking
Consumer banking
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The challenger bank OakNorth has been peddling its lending platform to U.S. banks for a year. When it saw COVID-19 on the horizon, it retooled to include a ratings system predicting how borrowers will be affected by the pandemic.
June 5 -
Bankers said legislative fixes to the small-business rescue program should help more borrowers secure loan forgiveness, though new demand will likely remain tepid because the process is still extremely cumbersome.
June 5 -
Butte Community Federal Credit Union, which previously served just one county, added five more after getting regulatory approval.
June 5 -
James Smith, who recently completed his gradual transition out of banking, was spearheading a public-private economic development plan for Connecticut when the coronavirus pandemic hit. The crisis made the need for the plan greater — and the job harder.
June 4 -
Fallout from the coronavirus pandemic is pressuring banks that have relied on expansion efforts and fee income to produce outsize investor returns.
June 4 -
The quarantine and Citi's shift from hardware to software tokens have led to a 300% spike in commercial clients' opening of accounts online as well as increased digital banking use.
June 4 -
Digital banking has ramped up during the coronavirus lockdown but customers will seek somewhere to go as cities reopen. A branch could provide that safe haven.
June 4 -
The demonstrations following George Floyd's death in police custody are forcing the industry to grapple with how it can — or if it should —advocate for equality and better race relations.
June 4 -
David Howard's leadership of the OceanFirst digital strategy and innovation team that has developed a robo adviser, an Alexa skill and other cutting-edge tools earned him recognition as one of American Banker's digital bankers of the year.
June 3 -
Faced with limited growth opportunities and potentially mounting loan losses, banks are getting aggressive — and creative — to boost profits.
June 3 -
The Warner Robins, Ga.-based institution, which switched to a state charter in 2016, has passed $3 billion in assets.
June 3 -
The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.
June 3 -
Financial institutions are trying to determine how to best protect branches as some demonstrations following George Floyd's death turn violent.
June 3 -
Tyrie has advanced Bank of America’s virtual assistant Erica and rolled out easier-to-use digital products that resonate strongly with customers. Those achievements have earned him recognition as one of American Banker’s digital bankers of the year.
June 2 -
Many of the cultural changes instituted by Hisham Salama, one of American Banker’s 2020 digital bankers of the year, have led to a more agile tech team and higher customer satisfaction scores.
June 1 -
Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected.
June 1 -
With the pandemic putting Plexiglas in short supply, Joe McDonald called up a local source: a former classmate.
June 1 -
Year to date through Mar. 31, 2020. Dollars in thousands.
June 1 -
Year to date through Mar. 31, 2020. Dollars in thousands.
June 1 -
Some credit unions have closed branches as demonstrations continue following the death of George Floyd last week.
June 1




















