Location Root Tag

Thomas O’Brien made a series of aggressive cuts at Sun Bancorp in New Jersey before orchestrating its sale to OceanFirst.

The bank will step onto the national stage this weekend when the Patriots and Eagles face off at the Minneapolis stadium where it holds the naming rights. It has taken steps to capitalize on the exposure ahead of its expansion into new markets.

The regional bank sold the business, which serves about 90 clients, to a New York commercial finance firm.

The company, which has been actively curbing growth to avoid becoming a systemically important financial institution, reported lower loan balances and reduced fee income after exiting the residential wholesale mortgage business.

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

Commercial lending and mortgage income surged in the fourth quarter at the West Virginia bank thanks to two acquisitions, but a tax charge cut into profits.

The tiny Chicago-based CU, with less than $1 million in assets -- is the first credit union failure of 2018.

Hadley Robbins had a difficult task stepping in after Melanie Dressel's unexpected death last year. Now he must find ways to keep expanding without disrupting a system that has proved successful.

Global payment and fraud prevention provider Pelican is bringing its faster payments system to the North America market after working within the European SEPA Instant Payments scheme last year.

Louisiana credit union says secondary capital influx helped fuel earnings.

The results included a $222 million goodwill impairment charge and other one-time items.

The bank said it plans to use proceeds from the placement to expand its operations.

Utah-based America First CU is expanding into Arizona.

The company will add $600 million in assets under management when it buys a Roanoke, Va., firm.

While there's lots of fintech innovation globally, some of the most exciting moves are coming from China, Japan and South Korea, writes John Mitchell, CEO of Episode Six.

PCI compliance won't be enough to meet the strict requirements of the General Data Protection Regulation, which takes hold May 25 in Europe.

The divestitures are necessary to get the Justice Department to sign off on First Financial's $1 billion purchase of MainSource Financial.

The credit union saw net income of nearly $3 million during Q4 and more than $11 million for the year.

The Texas company will gain four branches and $160 million in loans after the acquisition closes.

Wirecard is working with Fortress GB on new payments technology that will enable fans of two U.K.-based football clubs to earn points and cash-back rewards when making purchases inside stadiums at sporting events — and will track their spending data to decide on future offers.