Industry News
The company will also be reducing its servicing portfolio.
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The San Francisco bank is concentrating its efforts in Denver, Los Angeles and San Francisco.
January 10 -
Your best future employees aren't looking for banking jobs. Successful hiring requires actively seeking out talent.
December 28
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In his first American Banker interview since becoming CEO two years ago, Thomas Cangemi talks about the company's transformation into a full-service commercial bank now that it has completed its twice-delayed acquisition of Flagstar Bancorp.
December 23 -
Dicier credit conditions, recession fears and tougher regulatory scrutiny combined to weaken merger activity in 2022. A push for scale is bound to resume when interest rates level off — at least among smaller banks, analysts say.
December 19 -
The business being sold to Madison Dearborn Partners provides trustee and administrative services to asset managers and retirement plans.
December 19 -
Blair will succeed longtime executive Kessel Stelling as chairperson of the bank's board of directors after joining Synovus in 2016 and moving into the CEO position last April.
December 16 -
The overwhelming majority of top leaders at large U.S and Canadian banks expect a prolonged downturn in 2023, according to a recent survey. Almost none of them expect it to be particularly harsh, though.
December 12 -
The challenger bank for Black and Latino individuals introduced Elevate, a membership-only tier that includes access to private clubhouses and networking aimed at people of color.
December 9 -
William Demchak, the Pittsburgh bank's CEO, is leery of acquiring banks amid elevated regulatory scrutiny. KeyCorp Chief Executive Chris Gorman has similar concerns, citing economic uncertainty in addition to the long waits for approval.
December 8
