Consumer banking
Consumer banking
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Acquiring Pilot Bank would allow the credit union to serve members who live or vacation in Florida. The deal is the fifth deal this year in which a credit union is purchasing a bank.
June 17 -
With a big assist from M&T Bank, the software developer Magnusmode has added step-by-step instructions for conducting essential banking activities to its mobile service that caters to consumers on the autism spectrum.
June 17 -
After agreeing in March to be sold to a Florida real estate firm, Sunnyside accepted a higher bid from one of its investors, Rhodium BA Holdings.
June 17 -
The move is part of an effort by the largest U.S.-based bank to bring more of its digital banking services to other countries.
June 17 -
In the past five years combined only 14 banks failed to meet the minimum market capitalization for inclusion in the index. In this year's rebalancing, 82 are being removed and some may have to consider strategic options to appease investors.
June 16 -
Under the deal, the $425 billion-asset bank will become the exclusive card issuer for the home furnishings retailer, which long partnered with Alliance Data Systems.
June 15 -
Executives at Citizens Financial and Regions Financial said they plan to make policy changes that will reduce their reliance on the controversial but already dwindling charges.
June 15 -
While most financial institutions have been focused on upgrading their digital channels, Andrews Federal Credit Union in Maryland listened to its customers and modernized its newest branch. Among the new features are video teller machines, touch screens offering online and mobile banking tutorials and a game area for children.
June 15 -
The lender's founder and CEO says the acquisition of Roscoe State Bank will give it new products and referral sources.
June 14 -
Bank of Montreal picked Amazon.com’s web-services division as its preferred cloud provider to help the bank modernize operations and introduce new digital applications.
June 14 -
The Charlotte, North Carolina-based bank is adding three branches in Lexington, with plans for a fourth next year.
June 14 -
Any bank that engages in auto, mortgage or other retail lending should develop a comprehensive program to identify potential risks of noncompliance with consumer protection rules and take corrective actions before the Biden-era Consumer Financial Protection Bureau comes calling.
June 11 -
Chief operating officer Sam Sidhu takes over as president and chief executive on July 1. He has a list of 25 potential markets the Pennsylvania bank might enter, and has already begun hiring commercial bankers in Texas, Florida and Illinois.
June 11 -
Southern Bancorp's CEO said money from Square would help his bank continue serving underserved communities.
June 10 -
Derek White, former financial services head for Google Cloud, wants to take Galileo — the SoFi unit that provides tech services to challenger banks — international and into new niches outside banking.
June 10 -
Though the community bank has most of its branches in California and is buying a Florida bank, CEO Scott Kavanaugh is eager to pursue targets in the Lone Star State after moving the corporate headquarters to Dallas.
June 10 -
The San Francisco company has promoted or hired several bankers to steer growth in retail and commercial banking operations just months after completing its purchase of Radius.
June 8 -
Capital One and a few others are emulating upstarts like Chime and Varo, which let customers access their paychecks two days before payday. But loss of overdraft income and potential liability for errors dissuade many banks from changing their ways.
June 8 -
It's HBT Financial's first bank acquisition deal since its 2019 IPO.
June 7 -
The move brings state-chartered banks and credit unions in sync with their federal counterparts by enabling them to open checking accounts for consumers who have had accounts closed for writing bad checks.
June 7



















