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With control of the House changing hands in January, credit unions are set to shift their focus from regulatory relief to cybersecurity and fighting CRA.
December 18 -
Neither Amazon nor Starbucks could be described as a traditional retailer. But they both use their shared headquarters city as a playground for developing digital and in-store innovations that all merchants and payment companies will have to respond to the years ahead.
December 18 -
David Araujo, who served as an executive at Digital Federal Credit Union, will join the Portsmouth, N.H.-based institution next month.
December 17 -
PayPay, a mobile payments company backed by SoftBank Group Corp., Yahoo Japan Corp. and India’s largest digital-payments company Paytm, said it’s updating its app to strengthen security after multiple complaints from users of wrongful charges.
December 17 -
In a rare move, Maryland Financial is voluntarily liquidating after its customer base shrank and efforts to sell itself failed.
December 17 -
Ameris has agreed to pay $751 million for Atlanta-based Fidelity; the combined company would have $16 billion in assets.
December 17 -
The Minnesota-based institution expects to $10,000 per month by switching its core systems.
December 17 -
Two institutions in Virginia and one in Washington state have named new leadership amid a wave of expected CEO retirements.
December 17 -
Chicago Deferred Exchange, which helps clients defer tax hits from property sales, had about $1 billion in deposit flows this year.
December 17 -
The Albany, N.Y., institution has made millions of dollars in mortgages through a program launched in July meant for those who do good in the world.
December 17 -
David Fearing will take over at Accolade Asset/Liability Advisory Services as Joe Ghammashi retires.
December 14 -
Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.
December 14 -
Blue Lion Capital said Johnny Guerry, who has sparred with other community banks, will assist in efforts to pressure the Seattle bank to improve its performance or sell itself.
December 14 -
The People’s Bank of China, the country’s central bank, plans to introduce a digital currency of its own. But unlike the decentralized blockchain-based offerings, this one could give Beijing more control over its financial system.
December 14 -
The directory, which will debut next year, should help community banks find potential fintech partners.
December 14 -
The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.
December 14 -
One week after NCUA filed its own appeal brief, three major organizations banded together in support of the expanded field-of-membership rule
December 14 -
The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.
December 14 -
Virginia Partners will operate as a separate bank unit after the deal closes.
December 13 -
The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most of the closures will take place in Pennsylvania.
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