Finance

The company agreed to pay $32 million for Mercersburg Financial.

Organizers of CommerceOne Bank are one step closer to a planned opening this summer.

County Bancorp in Manitowoc, Wis., posted record profits in the first quarter after completing an acquisition last year.

Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial Services disclosed a total of $75 million in exposure to the commercial relationship.

Billionaire Jack Ma’s Ant Financial is lifting its fundraising target to more than $12 billion by bringing in existing Chinese shareholders in a yuan-denominated financing round, people familiar with the matter said.

Credit unions undergoing core conversions may stick with third-party vendors for certain services, but in some cases that can cause more harm than good.

Proposal would simplify the rule prohibiting proprietary trading; Fiat Chrysler, which accounts for about a third of the unit’s business, may go solo.

Fiat Chrysler is expected to announce Friday that it will establish its own captive finance unit in the U.S. The move could be bad news for its lending partners.

More than a third of banks formed from 2006 to 2008 no longer exist. Leaders of three banks still in business share their tips on how they have remained open — and relevant.

Blue Gate Bank, which opened in January 2017, is being sold to Big Poppy Holdings.

Square's taking on hundreds of millions of added debt to battle PayPal, indicating that the simple business model of turning a smartphone into a point of sale terminal is largely a thing of the past.

Independent Bank had no intention of expanding outside Texas until it gained a few stray branches in a neighboring state.

Alibaba Group Holding Ltd. is leading the purchase of 10 percent of Chinese delivery service ZTO Express (Cayman) Inc. for $1.38 billion, a deal that’ll augment the e-commerce giant’s ability to ship packages around the globe.

At the CUNA CFO Council conference, credit union professionals shared their strategies for competitive deposit pricing.

YellowPepper's strategic investment from Visa as part of a $12.5 million Series D funding round gives the company a chance to expand beyond its focus on Latin America and into new markets such as Europe and Asia.

Organizers of Scottsdale Community Bank plan to raise a minimum of $16 million.

The economy has been expanding for nine years, but one credit union economist believes the tide could be about to turn – and soon.

When Visa opened its tools to third-party developers two years ago, it was a strong pivot away from a longstanding of operating a closed, proprietary network. Its latest investments indicate this strategy is of growing importance on a global scale.

The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations.

The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank.