Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.

Many assume that a smart contract is something totally new. However, banking has used imperfect implementations of smart contracts for at least three decades.

LendingTree has agreed to pay up to $130 million to acquire the credit card shopping site CompareCards.

The Lending Club founder is trying to stage a comeback with the formation of a new online consumer lender. But he will likely face more skepticism than he did during the industry's era of explosive growth.

Franklin Financial Network in Franklin, Tenn., is raising capital after being flagged by regulators for its exposure to commercial real estate.

PacWest Bancorp in Los Angeles has agreed to sell four properties in California to a real estate firm.

Major wholesalers at Delhi’s largest fruit and vegetable market, which serves most of the capital’s nearly 17 million people, are planning to sell their products at bargain prices in order to move perishable stock as the impact of India’s cash shortages continues to bite.

SouthCrest Financial Group in Woodstock, Ga., has agreed to sell its only Alabama branches to Guardian Credit Union in Montgomery, Ala.

MainStreet Bancshares in Fairfax, Va., has hired a veteran Virginia banker as its president.

The Farm Service Agency and the Small Business Administration seem to be taking longer to approve guarantees for loans to facilities that house livestock, creating another headache for bankers.

Commercial mortgage lenders, and investors in their bonds, have been more eager than the residential market to embrace Property Assessed Clean Energy loans even though those loans hold a superior-lien position. Here's why.

Franklin Financial Network in Franklin, Tenn., has filed plans to raise up to $62 million in a common stock offering.

AgriBank in St. Paul, Minn., is removing "interim" from the title of its chief executive.

Glacier Bancorp in Kalispell, Mont., will enter Arizona after buying TFB Bancorp in Yuma.

The $1.8 billion-asset parent of Cambridge Trust said in a press release Tuesday that Michael Carotenuto started as CFO on Monday. He succeeds Albert Rietheimer, who is retiring after serving as CFO since 2005.

Northern Trust on Tuesday promoted Michael O'Grady to president. O'Grady currently serves as head of corporate and institutional services at the Chicago-based custody bank, overseeing businesses such as asset servicing and investment management.

The digital-advice startup SigFig has now teamed up on robo-advisory offerings with Wells Fargo and UBS, while BlackRock's FutureAdvisor has lined up agreements with U.S. Bancorp, BBVA and others.

PeoplesBank in York, Pa., has hired Charles T. Field as its chief financial officer. The $1.5 billion-asset bank said in a press release Tuesday the Field will also be treasurer of its parent company, Codorus Valley Bancorp.

Bay Bancorp in Columbia, Md., is defending itself against claims it should be held responsible for embezzlement that allegedly took place at a bank it recently bought.

Following the regulatory orders against Wells Fargo and the resignation of its CEO, stockholders are likely to ask whether the board has responsibility and even liability for the bank's compliance failures.