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The Mississippi company has agreed to buy First Florida Bancorp in Destin, Fla., as part of its plan to build a community bank stretching across the Gulf region.

There have now been a record 10 credit union-bank merger deals in 2019.

Calling it the largest B2B trading platform in the world, Alibaba Group has opened Alibaba.com to small and medium-size U.S. businesses to reach an addressable market of $23.9 trillion.

The lawsuit claims that the Jacksonville, Fla.-based credit union charged members multiple non-sufficient-funds fees on the same item.

With the industry continuing to consolidate, credit unions must address mergers in their strategic planning sessions so they are ready to be on either side of the deal when the opportunity arises.

Russia and its BRICS partners are developing cross-border alternatives to U.S.-dominated payments systems such as Swift, driven by the rise in cross-border trade and a desire to find non-dollar alternatives to international payments systems vulnerable to sanctions by the U.S. government.

Several megabanks dominate the market, but First Choice is seeking to expand there by catering to its ready supply of midsize businesses. It's not the only one.

Marc Schaefer, who has led the credit union since 1995, has announced plans to retire. President Todd Hall will take the helm on Jan. 1, 2020.

The timing of the settlement serves as a warning to other companies of the risks they face in an increasingly data-focused economy.

The New York-based institution will double the number of counties it can serve as part of the effort to grow.

Will the new commitment, which is 5% over what the banks have reinvested recently on their own, assuage advocacy groups' concerns about the merger?

Timothy L. Anderson, who has held C-level positions at a number of other credit unions, including Government Printing office FCU and Treasury Department FCU, has taken over following CEO Kenneth Kramer's departure.

County Bancorp is a small dairy lender in Wisconsin with an exposure to milk prices, and Bank OZK is a larger bank in Arkansas coping with out-of-market real estate trends. Their stories show how market sensitivities can vex specialists.

Bruce Adams, who previously served as general counsel to Connecticut Lt. Gov. Nancy Wyman, will join the Credit Union League of Connecticut next month.

The California Consumer Privacy Act goes into affect next year and other states are likely to follow suit. Credit unions need to evaluate their data management practices.

As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.

Christopher Myers will retire as president and chief executive of CVB next spring, and the California bank says it will hire a search firm to begin seeking his replacement.

As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.

CrossFirst Bankshares intends to use its share of the proceeds for general corporate purposes, including support of future growth, according to a registration statement.

The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million.