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By acquiring Citizens Union Bancorp, the Indiana-based German American will gain 11 branches and more than $700 million of deposits in Kentucky’s largest city.

Bilt Rewards, which offers a loyalty program and credit card that converts rent into reward points, raised $60 million from investors including Mastercard and Wells Fargo, giving the startup a $350 million valuation.

In this webinar, you’ll learn how to apply HCX research insights to better support your financial institution clients.

The cash-and-stock deal would add roughly $58 billion of loans and $90 billion of deposits to U.S. Bancorp’s balance sheet, significantly boosting the company's market share in California.

Daily edition for September 21, 2021

The companies each recently rolled out new contactless checkout technology as they attempt to turn Amazon Prime and Square Cash into platforms that let consumers pay for goods, save money, take out loans at the point of sale and conduct other financial services all in one place.

The company will return to selling pieces of its credit exposure to private investors during the last three months of the year, but is still evaluating its strategy for 2022.

Community Owned Federal Credit Union in Charleston is the third institution that the National Credit Union Administration has closed this year.

Mazi Bahadori is the chief operations officer at Altruist.

A seasoned veteran in financial technology, he previously served as the chief compliance officer and director of operations for Aspiration. Prior to this, he worked for PIMCO as vice president of legal and compliance, for Morgan Stanley as a financial advisor and for Goldman Sachs as a government affairs associate.

Vendors including Akoya, Plaid and MX are trying to help banks manage and view their application programming interfaces through data portals as an alternative to scraping consumers’ login credentials.