Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

John Milleson, who has led the company for 20 years, will retire after his successor is in place.

The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives.

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

Farm Service Agency staff will have three days to work on existing loan applications and provide tax documents for existing loans.

The parent of Bell Bank said that the pending sale of Discovery Benefits is not a prelude to selling its bank.

A number of healthy credit unions have undertaken “mergers of equals” to bolster long-term prospects. But those institutions are opening themselves up to unique risks and challenges as a result.

The Montana company will more than double its assets in Utah when it buys FNB Bancorp.

The online student lender said it is reallocating some jobs and "sunsetting" others.

The Iowa company will pay $94 million for a bank with five branches and $727 million in loans.

The company recently agreed to be sold to SmartFinancial in Knoxville, Tenn.

The nation’s fifth-largest bank now has the financial flexibility to consolidate more branches in existing markets and open new, smaller ones in cities where it has no retail presence, CEO Andy Cecere said.

PNC chief Bill Demchak says he's pretty sure the U.S. isn’t heading into recession, but asset quality is so strong that the regional bank is giving itself a wide berth in forecasting its loan-loss provision in case of the unexpected.

The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so.

The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so.

Bank of America CEO Brian Moynihan and his fellow executives said they see nothing to suggest a slowdown is imminent. Their outlook was far more upbeat than that of JPMorgan chief Jamie Dimon.

Bob Jones will retire in early May. He will be succeeded by Jim Ryan, the Indiana company's chief financial officer.

Retail banking loans rose 5% at Bank of America, which also reported a 3% increase in consumer deposits and a 12% leap in net interest income in consumer banking.

Credit unions and smaller banks can differentiate themselves by returning to the passion for personal service that first anchored their success, and payments are central to this strategy, according to Deborah Matthews Phillips, managing director of payment strategy at Jack Henry.

The Tennessee company will have $4 billion in assets and 47 branches in six states when it buys Entegra Financial.