Location Root Tag

The high cost of living in the state's bigger markets is limiting growth and turning off buyers. CVB Financial and TriCo Bancshares found sellers in the more affordable cities of Visalia and Bakersfield.

The Rhode Island bank is doubling down on the nation’s largest market after agreeing in May to buy dozens of branches from HSBC. Meanwhile, Investors Bancorp’s decision to sell itself underlines the challenges facing smaller regionals.

Western central banks trying to develop sovereign cryptocurrency models face pushback from lawmakers and other obstacles, while the digital yuan has a much clearer path.

The Aurora, Illinois-based buyer said it would pay $297 million to acquire West Suburban Bancorp in Lombard, Illinois.

The company has long focused on customers with ties to the two states. But as it emerges from the pandemic seeking new lending opportunities, CEO Rajinder Singh says, “We are looking at markets from Boston all the way down to Atlanta.”

While pandemic restrictions cloud the sector's outlook, the London-based payment and fintech company is making hotel booking and other services part of its financial super app strategy.

The European Union has updated value-added-tax regulations that predate digital payments, hoping to reduce compliance burdens for foreign online sellers and simplify consumer billing.

The Reserve Bank of India says the card brand failed to comply with a requirement to store transaction details locally. The handling of payment information has become a point of contention between the Asian nation and American firms.

Novus, a startup whose app helps consumers make environmentally conscious purchases, is using application programming interfaces provided by the two companies to expand quickly. The effort shows how open banking can extend the reach of small companies and create new business lines for larger ones.

Lakeland is paying $244 million for 1st Constitution Bancorp. The combined bank would be the fifth largest by deposit market share in New Jersey.