Location Root Tag

The acquisition will increase Horizon’s core deposits and add branches around Indianapolis.

The $45 million purchase will provide Peoples with eight branches and $244 million in deposits.

Federal "Opportunity Zones" that reduce exposure on capital gains could draw rich investors — and commercial lenders along with them — into economic development projects in thousands of troubled communities around the country.

OceanFirst Financial's acquisition of Capital Bank of New Jersey would strengthen its presence in the southern part of the state and Philadelphia.

It is important that all parties involved in construction projects not only be aware of these regulation updates and how they will impact their projects, but also what they can do to prepare for when the legislation inevitably reaches them, writes Matt Johnner, president and co-founder of BankLabs.

With desirable merger partners hard to find, some credit unions are starting to look well beyond their home base.

Inclusiv's annual conference in Florida focused on the rocky road ahead for small credit unions – and how to ease the way forward.

ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer.

The agency says lenders lacked the risk appetite, while bankers point to concerns over turnaround times and strict loan terms.

City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.

Despite the fervor over mobile wallets and banking, one day consumers may never need to open a dedicated bank or payment app.

The National Credit Union Administration has already approved the deal, which is set for a Nov. 5 vote.

Ballinger National Bank would be renamed Keystone Bank and its headquarters would move to an Austin suburb.

In remarks at the Inclusiv conference, NCUA Chairman Mark McWatters pledged to help small CUs but said they're responsible for their own business plan and can't expect NCUA to do the hard work for them.

Former Elevations Credit Union COO Jay Champion will take the helm at Westerra when CEO John McCloy retires in December.

Grab and Mastercard have formed a partnership extending the reach of the ride-hailing app by making a prepaid card available to Grab's 110 million users across Southeast Asia.

From branch networks to technology and cybersecurity concerns, there's plenty to keep leaders of CDFIs and small CUs awake at night.

Bank Independent in Alabama is the latest small bank to start using Alexa, though implementation costs and security concerns continue to hold others back.

The New Jersey-based credit union aims to increase its technological offerings as a result of the conversion.

The change comes two months after the bank was spun off from its Venezuelan parent company.