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The company has agreed to pay $89 million for Premier Commercial Bancorp. The acquisition would significantly increase its branch presence and lending in the Portland area.
March 9
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Even if a business is located in the U.S., it’s where the service is delivered that determines if the GDPR rules governing data protection in the EU apply, writes Mia Papanicolaou of Striata.
March 9
Striata -
Readers opine on the possibility of an Amazon-JPMorgan Chase checking partnership, weigh in on the Crapo bill, applaud plans that would make the CFPB more of a backup regulator and more.
March 8
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About 750 people took part in a rally at the state capitol in Des Moines to protest a proposed tax on Iowa's credit unions.
March 8
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Trustly, a Stockholm-based startup whose technology enables cross-border and online payments, has partnered with optile, a German online payments company, to expand the number of European merchants it supports for direct online bank payments.
March 8 -
The move provides a strong hint of the long-term succession plan CEO Leon Holschbach is putting in place.
March 8
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This year marks the third consecutive year the league has awarded $125,000 to member credit unions.
March 8
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Google is reportedly working with a number of European banks to explore opportunities arising from PSD2.
March 8 -
Japan’s financial regulator ordered further improvements at embattled cryptocurrency exchange Coincheck Inc. and penalized six others, including one operated by publicly listed GMO Internet Inc.
March 8
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CFO Craig Althoff hase been named interim CEO while the board begins its search for a permanent chief executive.
March 7
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Howard Bancorp and Bryn Mawr Bank are trying different approaches to reach out to underserved markets they’ve entered via acquisitions. Creative in-house initiatives may take on added importance as regulators move to "dial back" Community Reinvestment Act rules.
March 7
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Sentbe, a South Korean international money-transfer company, is expanding its payout options and market reach in a partnership with the mobile cross-border payments network TransferTo.
March 7
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The Ohio-based credit union is the latest to fight an ADA lawsuit alleging violations on its website.
March 7
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Ripple, the U.S. digital payments company, is working with 61 Japanese banks on an application that will enable customers to settle cash transfers instantly around the clock, the latest effort to apply blockchain technology in finance.
March 7
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Chicago's government agencies are a mess of disconnected legacy systems that smacks of old-school municipal malaise and revenue loss as people trek to midcentury government facilities and wait in line to pay.
March 7
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The California-based credit union cited ‘confidential personnel matters’ but did not specify a reason for the departure.
March 6
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The merger in Massachusetts is the latest in the consolidation of the credit union movement, as another tiny credit union is acquired by a much larger counterpart.
March 6
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The company received bad news about the commercial loan after it reported a narrow profit in mid-February.
March 6
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Hutchinson, Kan.-based Central Kansas Credit Union has signed an intent-to-merge agreement with Wichita-based Credit Union of America.
March 6
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Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.
March 6
