Finance

Assets increased 6% in 2018 to nearly $52 billion as loan originations surged and the company redeployed $2 billion of cash into higher-yielding securities.

Shaza Andersen, a well-known banker around the nation's capital, would serve as Trustar Bank's CEO.

The Las Vegas-based institution has returned more than $63 million to members in the last 19 years.

CrediFi helps bankers pursuing commercial real estate loan growth minimize the risk in lending to customers they historically haven't served.

The New York based Petal uses machine learning to optimize the limited financial data available for low-information consumer groups and millennials, who often turn to installment loans from companies such as Affirm, Klarna and PayPal Credit.

Earnings fell well short of analysts' estimates due in part to a 28% increase in interest expenses.

A new report from Cornerstone Advisors finds credit union executives aren't all that bullish on the year ahead, while banker optimism is back on the rise.

Mobeewave, a provider of in-person contactless payment acceptance software, is getting an investment from Samsung Venture Investment Corporation that pushes a recent Series B funding round led by NewAlpha, Mastercard and Forestay Capital to nearly $20 million.

The core-banking vendor won the investment and ringing endorsements from the trade group and several banks because its open system and cloud delivery could eventually challenge entrenched tech players.

The parent company of Silicon Valley Bank predicted a strong year, saying the high-tech and other niches it serves are built to withstand current economic uncertainty.

Discover leaned heavily on rewards to drive new card acquisitions and sales growth in the fourth quarter, but suffered a double whammy of rising reward costs and higher charge-offs, causing it to miss analyst earnings expectations.

Delinquencies, which are on the rise across financial services, clouded an otherwise solid quarter for Discover Financial Services.

The Pennsylvania company said it expects the digital bank to become profitable by the end of this year.

An improved net interest margin helped offset a slight decrease in fee income at the Wisconsin company.

The Financial Services Committee also announced the head of a newly created subcommittee on diversity and inclusion.

With SBA lending at a standstill, many small businesses can't access the capital they need to create and retain jobs, Stephen Steinour says.

The Dallas company boosted its loan-loss provision in the fourth quarter to cover deteriorating leveraged loans, causing it to miss profit estimates.

The surge in new lending at the Pasadena, Calif., company offset rising deposit costs and sluggish fee-income growth.

A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers.

The New York company will add $504 million of asset-based and equipment finance loans as part of the acquisition.