Finance

The company, which counts veteran banker Jay Sidhu among its investors, is selling to Ameris for $145 million in cash and stock.

The company has agreed to pay $49 million for First West Virginia Bancorp, the parent of Progressive Bank.

PayStand, a blockchain business-to-business payments platform, has completed a $6 million funding round through BlueRun Ventures.

Deutsche Bank and Commerzbank have held talks before, and now they have a common shareholder — the U.S. PE firm Cerberus — in a position to broker a deal.

The company, which had launched an at-the-market offering in late May, plans to use the proceeds for organic growth.

The private-equity firm Cerberus Capital Management has taken a 3% stake in Deutsche Bank four months after buying a 5% stake in another German lender, Commerzbank.

Louisiana-based credit union says its request is one of the largest ever approved by NCUA.

TruSight will assess, validate and monitor vendors on behalf of the consortium, which is expected to expand.

The acquisition is expected to boost WesBanco’s presence in Huntington, W.Va., and provide a bridge to its existing operations in Charleston, W.Va., and southeastern Ohio.

The company will pay $53 million in cash and stock for Signature Bank.

The San Francisco company is one of numerous online lenders that are struggling to become profitable.

The company has reapplied to buy Civic Bank more than a year after a regulatory snag forced it to put the deal on ice.

Most of Sterling Bancorp's operations are in San Francisco and Los Angeles. The company plans to use some of the $93 million it will raise to expand in New York and Seattle.

Over the years, Square has evolved from a supplier of simple card readers to a provider of diverse omnichannel services. But the consumer market has always eluded it.

The authority of the Financial Stability Oversight Council to label a firm a “systemically important financial institution” triggers duplicative regulation even if banklike rules are not appropriate to the company.

The San Francisco firm is the latest U.S. lender to tighten credit standards amid concerns that consumers are shouldering too much debt.

Endeavor Bank in San Diego aims to be the third new bank to open this year. There is hope that as many as eight new institutions could open in 2018.

The company has agreed to buy CBBC Bancorp. It also raised $63 million to pay for the deal and fund future growth.

Wall Street and its allies in the House are trying to kill the Consolidated Audit Trail, a supercomputer that will allow regulators to detect market abuses, punish wrongdoers and better understand why markets sometimes crash.

Capital One Financial will stop originating mortgage and home-equity loans after competition made it difficult for the businesses to be profitable.