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The Long Beach, Calif.-based institution can now serve workers from the healthcare industry in six counties.
October 10 -
OUR Community Bank would focus on small-business loans with an emphasis on underserved Hispanic and Latino communities in South Florida.
October 10 -
SmartChoice Credit Union, which holds less than $1 million in assets, has been penalized for failing to properly complete FinCEN searches.
October 10 -
MetroCity Bankshares has said it could use the proceeds to open branches or pursue acquisitions.
October 10 -
Cash is not dead, but the burdens of ensuring access threaten to break long-standing ecosystems that sustain traditional payments.
October 10 -
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.
October 9 -
Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.
October 9 -
A strong economy, low-cost deposits and disruption from M&A are presenting opportunities.
October 8 -
The state's Democratic-controlled Legislature has enacted laws establishing data privacy rights, giving municipalities the ability to set up public banks, and requiring standardized disclosures on small-business loans, among other issues. Lawmakers elsewhere are taking notice.
October 8
American Banker -
Associated Credit Union became the latest institution to provide cancer screenings to employees when it organized mammograms at its headquarters this week.
October 8 -
U.K. fintech Revolut will use Bottomline Technologies' Universal Aggregator to manage a software-based real-time payments button.
October 8 -
One bill would tax credit unions in the Sunflower State with at least $100 million in assets.
October 8 -
The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals.
October 8 -
The challenge with cash is its nature makes it hard to transition away from it. On the other end of the scale, digital-only businesses may never accept cash, meaning they may always exclude the cash-based consumer.
October 8 -
Contactless payment transaction volume is soaring in Canada to the point where total credit card transaction volume is edging out debit card transactions for the first time because many consumers are using credit cards to tap and pay.
October 7 -
The company has agreed to buy a portfolio of commercial loans from Santander Bank.
October 7 -
Hawaii Pacific Federal Credit Union merged into the Honolulu-based institution last week.
October 7 -
Ziv Biron succeeded Uri Levin, who was named CEO of Discount Bank, IDB's Israeli parent company.
October 7 -
Once the Pennsylvania Credit Union Association and the New Jersey Credit Union League complete their merger, the group will go by CrossState Credit Union Association.
October 7 -
The merger of Bi-County PTC Federal Credit Union into BlueOx is expected to be completed on Jan. 1.
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