Growth strategies

Santander Consumer is planning to attract online deposits via a national platform that could rival Goldman Sachs’s Marcus; HSBC is now in retrenchment mode after aiming for growth.

Count Citizens Financial’s Bruce Van Saun among those who think interest rate cuts could halt by mid-2020. The key, he says, is to focus on delivering services customers are willing to pay fees for and to skillfully reprice deposits until then.

Tom Lopp will succeed Gary Judd at the end of November.

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions.

The Gainesville, Fla.-based institution has a new TIP charter granting membership privileges throughout Florida, but no new branches are currently planned.

The Pittsburgh company’s “branch lite” approach to retail and middle-market banking in new markets will break even sooner than expected and has had a noticeable impact on loans and deposits.

The deal will create a nearly $500 million-asset bank.

The acquisition of Farmers & Merchants Bank created a bank with more than $200 million in assets.

Its quarterly results show lower rates and emerging credit risks can be overcome. Whether most banks have all the same levers to pull is another matter.

The tiny Monarch Federal Credit Union joined Firefighters & Company FCU in order to offer its 1,000 members a wider range of products.

BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories.

Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.

The Long Beach, Calif.-based institution can now serve workers from the healthcare industry in six counties.

MetroCity Bankshares has said it could use the proceeds to open branches or pursue acquisitions.

The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t overreaching.

The Wisconsin company will have 15 branches in its home state on completing the acquisition.

The company has agreed to buy a portfolio of commercial loans from Santander Bank.

Credit unions now have until Nov. 30 to apply for Community Development Financial Institution certification.

Hawaii Pacific Federal Credit Union merged into the Honolulu-based institution last week.

Ziv Biron succeeded Uri Levin, who was named CEO of Discount Bank, IDB's Israeli parent company.