Finance

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.

Credit unions and the rest of the financial services sector, in the spirit of recent criminal justice reform, should be more open to hiring workers with low-level criminal convictions.

Valley, which had focused on Florida in recent years, will double its market share in Bergen County with the $740 million acquisition.

Ken Lehman recently bought a block of shares in Village Bank & Trust Financial.

Moebs Services attributed the falling revenue to higher overdraft fees being charged to consumers.

At the end of the second quarter, the corporate institution will waive service fees and issue bonus dividends to its member credit unions.

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

The fast-growing data company, which says its mission is to help banks be better consumer advocates, will use its cash infusion for hiring, software development and new partnerships.

Aura is one of the few fintechs in the nation to have a community development financial institution designation from the Treasury Department.

If signed into law, institutions that qualify for the Banking Development District program will be eligible to receive up to $10 million in subsidized public funds.

The Ohio Democrat praised Todd Harper, one of the regulator's newest board members, for his attempt to shift the agency's focus toward issues such as concentration risk.

Kelly McDonough will take over next month, nine months after the $289 million-asset shop's former CEO left to lead a CUSO.

Shore Community Bank, which has five branches in Ocean County, will sell for $53 million.