On Sep. 30, 2019. Dollars in thousands.

On Sep. 30, 2019. Dollars in thousands.

It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators.

The digital-only bank found customers are anxious about their inability to set aside money, so it decided to offer automated savings tools, consumer chief Diane Morais says. It is one of the larger companies to do so.

M&T hires Aarthi Murali away from JPMorgan Chase as its customer experience chief; when a small town loses its only bank; why more banks are ditching their legacy core vendors; and more from this week’s most-read stories.

Shifting to a seamless, customer-centric automation strategy can help credit unions better compete with the big banks while also meeting consumer expectations set by the likes of Amazon, Uber and more.

Some of the year-over-year drop in net income can be attributed to higher-than-normal figures in 2018 and costs associated with opening three new branches in 2019.

Want a winning team at your bank? Take some tips from LSU’s head coach Ed Orgeron on empowering leaders.

Tidjane Thiam submits his resignation; the two agencies said they will soon start accepting mortgages tied to the new rate and drop Libor by yearend.

A new report from J.D. Power found that younger consumers increasingly believe the largest banks are better than regionals in providing financial guidance through digital channels.

Greg Seibly guided Sterling through the financial crisis before engineering its sale to Umpqua Holdings in 2014. He had most recently served as CEO of the Federal Home Loan Bank of San Francisco.

JPMorgan Chase is staking its consumer-banking strategy on digital technology. In 2020, that push will be spearheaded by a new team of executives.

Michael Cleary will report to Scott Powell, who had been his boss at Santander Bank.

Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC.

The new features use automatic transfers to encourage account holders to build savings faster and with less effort.

The Mississippi company will pay $49 million for Traders & Farmers Bancshares.

Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year.

Popular’s branch in a Brooklyn neighborhood faced an uncertain future until it was designated as a bank development district. Now it’s eligible to receive millions of dollars in municipal deposits.

Investors think the billions being shelled out to keep up with the likes of Amazon might be better spent elsewhere.

The company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants.