ATLANTA - The Federal Home Loan Bank of Atlanta announced yesterday it will pay its members a fourth quarter dividend of 5.90%, up from 4.60% paid for the fourth quarter last year.
The dividend will be credited to members accounts on Jan. 2. The dividend will be paid to the Atlanta Bank's 1,200 member institutions, including 135 credit unions.
Business First Bancshares CEO Jude Melville and Progressive Bancorp head George Cummings are both second-generation bank CEOs — common ground that helped propel an $83 million merger deal.
A district court judge this week has denied allowing four groups — the American Fintech Council, Financial Data and Technology Association, Financial Health Network and Public Citizen — to file legal briefs in support of a rule on financial data rights.
The bank worked with Atomic to embed the digital payroll deposit manager into its mobile banking app.
French bank BNP Paribas is launching a U.K. fintech incubator that will host generative AI startups that have developed applications for banks.
Joe Heck, Zip Co.'s U.S. CEO, spoke with American Banker about recent criticisms of the BNPL industry as more consumers turn to it for purchases both big and small.
The parent company of Wayne Bank said it would buy PB Bankshares for $54.9 million in cash and stock.
