The Latest

The $9 billion-asset First Interstate said in a press release Thursday that it will pay $589 million, or $7.60 a share, for the $3.2 billion-asset Cascade.

NewDominion Bank in Charlotte, N.C., has a new president. The $325 million-asset bank said in a press release Wednesday that Tim Ignasher will also lead its commercial banking division.

Family Trust Federal Credit Union, a $443 million institution based in Rock Hill, S.C., has named Penny Pratt as its next president and CEO.

Abington Bank in Massachusetts is planning to merge with Holbrook Co-operative Bank in Massachusetts.

Home BancShares in Conway, Ark., said in a press release Thursday that its bank has been declared the winning bidder for Bank of Commerce in Sarasota, Fla., as part of a bankruptcy auction.

Banks are butting heads with consumer groups and fintech firms over the need for new regulations governing the use of financial data.

Mastercard will launch its “selfie pay” system in the Asia-Pacific region next year, expanding the global reach of its biometric identity-verification service for online payments to more markets as part of a gradual worldwide rollout.

Children’s Miracle Network Hospitals (CMN)unveiled a nationwide campaign called “Vote for Miracles” which will celebrate the 20th anniversary of the Credit Unions for Kids (CU4Kids) program.

Progressive Democrats sent a letter to congressional leadership on Thursday urging them not to pass a budget bill that would reform the Consumer Financial Protection Bureau and other components of the Dodd-Frank Act.

Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes — and financial penalties — not to mention higher compliance costs and longer delays in closing loans.