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The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin.

The North Carolina company reported slightly lower costs and a stable net interest margin in the third quarter.

The Connecticut company also reported modest loan growth and a greatly improved net interest margin.

The company will pay $42 million for Oak Park River Forest Bancshares.

The European data sharing regulation, PSD2, is often seen as a compliance burden for banks — but if used correctly, the rules provide a path to boosting digital payments revenue.

David Reed, a Republican, is stepping down as a state legislator after redistricting cost him a shot at a congressional seat.

This week marks the official start of Canada’s legalized recreational cannabis industry — and American Express, Visa and Mastercard are ready to handle the new market's payments, in a stark contrast to their stance in the U.S.

Mark Decello will take over for Gerald Guy, who has served as president and CEO at KEMBA for 30 years.

Richard Onishi, a longtime credit union board member, is running for a fourth term as a Hawaii state representative.

Credit unions based on the island made history receiving CDFI grants for the first time ever, but larger issues tied to population decline remain.

Marks & Spencer is the first major U.K. retailer to launch a mobile scanning and payment app in its stores. Several U.K. supermarket chains have launched pilots of cashierless and checkout-free mobile shopping, but have yet to roll out services.

John Kolhoff will lead the Credit Union Commission of Texas starting in early December.

CU Green was developed to give Minnesota residents better access to clean energy products.

The $5.4 billion-asset credit union said FOM expansion continues to be part of its long-term growth strategy.

BankMobile will remain part of Customers for at least two years after regulatory snags derailed a plan to transfer the unit to a Florida bank.

McCone County Federal Credit Union has added roughly $9 million of assets with the merger of Fallon County Federal Credit Union.

After three months of testing its cryptocurrency wallet, Plasma Bank has launched PlasmaPay globally with an emphasis on Southeast Asia and South America.

More than half of all federally insured credit unions have less than $50 million of assets. But challenges, including increased demands for technology, are making it harder for small institutions to thrive, forcing some to look for merger partners.

Banks are still in their experimental phase of using virtual and augmented reality to interact with customers, and the key to their success will be embracing the technology's social nature. And sometimes that means making an app designed for non-customers.

ABA Insurance Services, which is owned American Bankers Mutual Insurance, offers a range of services to banks, small businesses and nonprofits.