The insurance giant said it would need to make a “significant additional investment” to gain scale and be competitive. It has hired an investment banker to help it unload deposits and loans.

The Bridgeport, Conn., company said Friday that CEO Jack Barnes has relinquished the president's title and that Jeff Tengel has moved into the role.

The Minnesota CU is now part of a nearly $800 million-asset institution and will increase the number of products and services available to members.

The northern Virginia company will also gain more branches around Washington as part of the $33 million deal.

The acquisition is part of IBM’s recent focus on financial risk management services.

Christopher Bergstrom led Cardinal Financial when it sold itself to United Bankshares in 2017.

The serial acquirer is buying Delaware Place Bank, which is less than 1% of its size.

“Sometimes Washington picks the winners for you,” said Manny Friedman, CEO of the hedge fund EJF Capital.

Amazon is trying to acquire Indian e-commerce giant Flipkart, in part to gain control over that country's e-commerce market and in part to make sure Walmart doesn't get hold of the company.

Local 142 Federal Credit Union officially became part of Air Force FCU at the end of April.

It might make sense to scrap a decades-old name, especially for banks with aggressive growth plans.

Anderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services.

Domenick & Associates also specializes in serving social service organizations.

The $350 million acquisition is among the biggest bank mergers announced so far this year.

The Boston-area bank will add branches near New Hampshire after buying the cooperative bank.

The $3 billion sale of Financial Engines to Edelman Financial Services puts every investment adviser on notice that the future is in digital wealth management. More deals like it are expected.

Capitol Federal will enter commercial lending for the first time in its 125-year history after it buys Capital City Bank.

The two Wisconsin-based credit unions say bringing the two organizations together would bring an "enhanced experience" to members.

Porter Bancorp in Kentucky spent years tackling credit and capital issues. As Limestone Bank, it will finally get back on offense.

Square has come a long way since it debuted in 2009 with a simple plastic card reader for micro-merchants. But it didn't make its journey alone.