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More than 180 community development financial institutions and minority depository institutions will receive the federal funds under a pandemic-era program. “It’s a lifesaver,” a credit union CEO said.

Dane County Credit Union and Heartland Credit Union, both in Madison, have long collaborated on local initiatives.

First Commonwealth Federal Credit Union will gain its first locations in the Garden State by combining with Baker Federal Credit Union.

The funding is tied for the second-largest crypto- or blockchain-related venture capital deal of the year with FTX Trading’s $1 billion round in July, after Robinhood Markets' $3.4 billion raise in January, according to PitchBook data.

An investor who holds nearly 10% of Pacific Enterprise Bancorp shares urged others to oppose BayCom Corp’s $53 million acquisition offer, arguing that the price was too low. Despite this, a majority of both banks' shareholders voted in favor of the deal.

Its new widget allows consumers to initiate a payment from their phone's home screen instead of opening an app to potentially reveal their full banking details to prying eyes.

Sandra Thompson has won praise from homeownership advocates for suspending a fee imposed on borrowers that was meant to recoup Fannie Mae and Freddie Mac's pandemic-related losses, among other actions she reversed. On Tuesday, President Biden said he will nominate her to be the permanent director of the Federal Housing Finance Agency.

Allan Kemp McMorris was previously CEO of Oakland County Credit Union. He joined Vibe when the two organizations merged in 2019.

The decision comes after New York state instituted a mask mandate for businesses that don’t require proof of vaccination.

HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenhouse gas-intensive fossil fuel.