Banking News from American Banker

Keweenaw Financial plans to acquire neighboring Range Financial in a transaction that would create an institution with nearly $1.7 billion of assets.

The Atlanta-based parent company of Ameris Bank plans to open a commercial banking office in Tennessee's largest city by the end of the year, as part of its organic growth strategy.

President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.

The international bank software company divested the remainder of its bank core software after selling off its Phoenix core system earlier this month.

After encountering a rough patch in 2023, seller 1895 Bancorp in Greenfield, Wisconsin, hired an investment bank to consider strategic opportunities.

Kasisto developed one of the first conversational AI chatbots for banks, and the deal brings its technology to Backbase's new AI-based bank operating system.

As fintech firms rush to take advantage of a new regulatory attitude toward bank charter applications, their leaders are about to step into a very new compliance environment. They need to understand what they're getting themselves into.

The child of a slave grew up to become the first woman to open a bank in the U.S., and pioneered community banking for Black communities.

JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.

At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.

At least nine Dallas-area institutions have agreed to sell themselves since late 2024, with the Oklahoma City-based MidFirst Bank's deal for Dallas Capital marking the latest transaction.

The Spanish banking giant's pending acquisition of Webster Financial is still awaiting approval from the Federal Reserve Board and the European Central Bank. The deal is expected to close during the second half of 2026.

The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.

The fintech's recently installed U.S. CEO said at American Banker's Digital Banking conference that Revolut's goal is to become "the first truly global bank."

Isabella Bancorp in Mount Pleasant to enter the Grand Rapids market with $54.6 million purchase of Grand River Commerce in Grandville.

Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.

Two industry leaders at American Banker's Digital Banking conference said banks' fraud and identity controls weren't built for software acting as the customer.

The big moves hit the Swiss firm as it continues to lose advisors on a net basis — though now it's reportedly sweetening its recruiting offers.

The digital banking fintech expects to reach profitability this year as it recovers from a post-2021 valuation drop with three consecutive years of growth.

National Capital Bank, founded in 1889, and Old Dominion National Bank, founded in 2007, are combining with plans to take the merged entity public.