Finance

Richwood Bancshares will get closer to $1 billion in assets after it buys Home City Financial.

Flywire has raised $100 million in new venture capital to continue expanding its B2B cross-border payments platform beyond educational institutions to more corporations.

Veritex will take advantage of accounting rules in its deal for Green Bancorp, a larger bank with lingering energy exposure.

The San Antonio company also kept a lid on expenses in the second quarter, further boosting its bottom line.

The jewel in PayPal's crown — Venmo — has lost some of its shine.

Mastercard's strong performance is dampened by threats from trade disputes and Brexit, both of which could cause the company pain in the future.

The Oklahoma bank’s net charge-offs were its second-highest in the last five quarters, but the company said it was confident in its credit quality outlook and growth prospects from a pending acquisition.

The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares.

Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase.

The company will pay $191 million for Skagit Bancorp, a deposit-rich bank in Washington's North Sound region.

The outage that halted a portion of Visa payments in Europe was almost two months ago, but the card brand is still explaining what happened and attempting to isolate the incident.

The $54 million purchase of Pilgrim Bancshares will give Hometown branches in western, central and eastern Massachusetts.

Spending on the firm’s U.S. credit-card products climbed to $493 billion during the fiscal third quarter, when outstanding card debt reached a record in the country.

Dan Loeb’s big bet on PayPal Holdings Inc. is off to a rough start. The payments giant projected revenue below analysts’ estimates for this quarter and saw Venmo growth continue to slow, causing concern among Wall Street analysts that had been bullish on the app’s potential.

As the company boosts originations to subprime and other borrowers, it remains to be seen if the improvements in asset quality will continue. A similar question mark is hanging over many consumer lenders these days.

The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions.

Prosperity Bancshares in Houston said that its earnings increased 19% from a year earlier as its efficiency ratio rose.

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution.

The $26 million acquisition will allow Summit to enter two new counties in its home state.

That improvement and loan growth made up for a lower margin in a more profitable second quarter, but the loan growth relied heavily on the subprime lender's partnership with Fiat Chrysler that could be ending.