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Sound Bank is now Dogwood State Bank after its sale to an investor group. The buyers also moved Dogwoods State's corporate offices from eastern North Carolina to the state's capital.
October 2
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The agency’s Small Business Investment Company program is slumping, and Congress is pressuring its top executive, Joseph Shepard, to get it back on track or step aside.
October 2
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The California-based institution can now serve more than 3.2 million people.
October 2
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The San Diego-based institution changed its name in attempt to reach wider audience.
October 2
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Dorothy Savarese will remain the Massachusetts bank's chairman and CEO.
October 1
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Kelly Price, an executive vice president, will take over when Olan Jones Jr. retires on Jan. 1.
October 1
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Surety's first online bank, booyah, is aimed at college students and young grads.
October 1
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The Columbus, Ohio-based institution will promote Jarod Bach to president once Christine Leslie steps down.
October 1
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The Lowell, Mass.-based institution can now serve Norfolk and Suffolk counties, along with more than 150 cities across Massachusetts and New Hampshire.
October 1
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The company could raise as much as $158 million by selling shares to the public.
October 1
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The Montana company will pay $135 million for a bank with 10 branches in seven Arizona markets.
October 1
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A second activist investor is pushing the company's board to find a buyer.
October 1
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With the pace of credit unions gaining CDFI certification already slowing, a change to how the Treasury Department reviews applications could have an impact on institutions receiving grants.
October 1
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The transition to Stein from Hadley Robbins is the result of a multiyear succession process, the Tacoma, Wash., company said. Robbins had succeeded the late Melanie Dressel.
September 30
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CUs in the Great Lakes State continue to see positive growth, but several key metrics are increasing at a slower pace.
September 30
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Gulf Capital Bank has received conditional approval from state and federal officials and could be up and running late this year or early next year, its organizers say.
September 30
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How PayPal obtained a payments license to operate in China — an achievement that’s long frustrated the biggest U.S. banks and payments networks — sheds light on the unique challenges of breaking into the world’s biggest payments market.
September 30
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The institution also remained well capitalized and its membership rose in the first half of the year.
September 30
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With credit discrimination still legal in many states, the Michigan-based institution aims to help this marginalized group.
September 30
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Digital financial services provider Revolut is expanding a partnership with Visa that will allow it to nearly double its global footprint by adding 24 new markets, including the U.S.
September 30
