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Payment service provider heidelpay Group has purchased the installment lender Universum Group to bring a new payment capability to the heidelpay Group in the form of an installment lending product called FlexiPay.

The Virginia company cautioned that it expects lending to slow down this year.

The company will pay $93 million for Kinderhook Bank, which has a concentration of branches around Albany.

The company will top $1 billion in assets after it buys the parent of F&M Bank in Tomah, Wis.

Greenwoods Financial will have $270 million in assets when it buys Fox River Financial.

The Tennessee company is pleased with loan growth. It has also been able to reduce its dependence on brokered deposits as it brings in new customers following its purchase of Capital Bank.

The Texas bank disclosed that James Dreibelbis, a longtime Woodforest executive, succeeded Nash as president and CEO in late December.

Even though American Express received pre-approval to provide transaction settlement services in China more than a year ago, it is playing the waiting game to get those wheels in motion amid a fiery political climate.

The Chicago-area credit union can now accept members who live or work in a variety of Illinois counties.

Coast-Tel Federal Credit Union is merging into Bay Federal Credit Union on Feb. 1 with the integration expected to be completed by midyear.

Mark Sander, who has been with the company since 2011, succeeded Michael Schudder, who remains chairman and CEO.

Valley National will reinvent itself as Vast Bank over the next few months. The move is part of an effort to attract younger customers.

A spike in charge-offs in the third quarter stoked concerns about commercial real estate exposure. Shares in the Arkansas company rose after it reported its fourth-quarter results.

Credit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer.

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

John Milleson, who has led the company for 20 years, will retire after his successor is in place.

The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives.

Digital banking and payments provider PrePay Solutions is partnering with PayQuicker to help with currency conversions in payroll management programs globally, and to expand PayQuicker's capabilities for its clients' international workers.

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

The Indiana-based institution's distribution for 2018 was up more than 60 percent from the previous year.