Finance

Kevin S. Kim thought he was joining a bank board to bring youth to an aging slate of directors. Eight years, four acquisitions and a banking crisis later, he is now the chief executive of the nation's largest Korean-American bank.

The Music City is booming because of entertainment and health care. Still, banks are monitoring growth in areas such as real estate development for signs of stress.

First Colebrook Bancorp in Colebrook, N.H., has raised $5 million to exit the Small Business Lending Fund.

The billionaire investor will soon step down from the New Jersey company's board as he prepares to become Commerce secretary. The appointment, however, shouldn't force any changes in his firm's holdings or its investment in the banking sector.

Horizon Bancorp in Michigan City, Ind., has restructured its balance sheet to improve its margins and financial returns.

EverBank Financial's biggest investor is cashing out ahead of the Jacksonville, Fla., company's sale to TIAA.

The growth of China’s fintech scene is providing a less developed financial market with much-needed updates. But those improvements also serve as a stepping stone to bring Chinese fintech players to Western markets.

Ohio Legacy in North Canton viewed FirstMerit’s sale to Huntington as a motivator find a buyer of its own. It turned to United Community, an institution it had talked to on two other occasions.

Stripe Inc. raised new financing that values the startup at about $9 billion, cementing its status as a major player in the crowded digital payments space and heralding a possible initial public offering.

An Israeli startup in the emerging B2B2C space that allows consumers to make payments through major messaging apps has completed a $6 million round of funding backed by Banco Santander, Mastercard and other investors.

Recent deals highlight the rush by Europe’s time-honored insurers to get in on the technology that’s changing financial services on Wall Street.

PNC and First Data see a benefit in tailoring the health care experience with a focus on the consumer, and are working to enable that process by funding a cloud-based IT company that digitizes medical office management.

The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.

Bridge Bancorp in Bridgehampton, N.Y., is looking to raise $50 million by selling common stock.

Pinnacle Financial in Nashville, Tenn., has sold $120 million in subordinated notes and will use the proceeds to retire existing debt and bolster its capital levels.

Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.

The global conglomerate Koch Industries plans to invest $2 billion in Infor, an enterprise software provider for various industries including financial services.

Franklin Financial Network in Franklin, Tenn., has filed plans to raise up to $62 million in a common stock offering.

OfferUp, a secondhand mobile marketplace, closed its latest funding round $11 million higher than previously reported and added PayPal co-founder Max Levchin as an investor.

First Republic Bank in San Francisco is looking to raise $287 million from a secondary offering.