Finance

It took the Brooklyn-based credit union 15 years to double its assets from $1 billion.

The California company will pay $39.4 million for the parent of First State Bank of Colorado.

Membership continues to rise across the Wolverine State, though at a slower pace, but lending overall is on the decline.

Trustar Bank is set to debut in northern Virginia in July.

The Pittsburgh regional, once among the most industry’s most active acquirers, hasn’t bought a bank in more than two years — and it’s in no rush to do so.

Organizers of Community Bank of the Carolinas in Winston-Salem said that they will return capital to investors and pursue other alternatives, including buying an existing bank.

In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business.

The $550 million purchase will include a branch in the U.S. Virgin Islands.

The president said that European Central Bank President Mario Draghi would do a better job overseeing monetary policy in the U.S. than Fed Chairman Jerome Powell.