Location Root Tag

TriState Capital Holdings in Pittsburgh has terminated an agreement to buy a fixed-income team.

The opening of the 2016 holiday season, which marks the first full year since the country's major EMV fraud liability shift, is proving what data security experts feared all along.

Ray Davis is stepping down as Umpqua's CEO at yearend and transitioning to a new role as head of its year-old innovation lab. In his 22 years, he built Umpqua from a sleepy local bank into a regional powerhouse and internationally recognized brand.

The $9 billion-asset company said in a press release Monday that it bought the business assets of Ronald N. Lazzaro in Rutland, Vt., a financial planning an investment services firm.

Banks and credit unions in California plan to participate in a new working group that will focus on the cannabis industry's lack of access to the mainstream financial system, according to state officials.

Plaza Bank in Seattle has promoted its chief lending officer to become CEO. The $65 million-asset bank said in a press release Monday that Michael Anderson also succeeded Michael Clabby as president on Nov. 23.

Union Bankshares in Richmond, Va., has sold $150 million in subordinated notes. The $8.2 billion-asset company said in a press release Monday that the notes will initially bear an annual fixed interest rate of 5%.

Pinnacle Bank in Gilroy, Calif., is looking to raise about $3 million through a rights offering.

Community Bank System in DeWitt, N.Y., has agreed to buy Northeast Retirement Services in Woburn, Mass.

Fentura Financial in Fenton, Mich., is the latest banking company to outline plans to sell common stock.

The Music City is booming because of entertainment and health care. Still, banks are monitoring growth in areas such as real estate development for signs of stress.

American Express has added a new mobile payment service to the growing list of "Pays" available to consumers in Canada.

Opus Bank in Irvine, Calif., continues to bolster its credit ranks following a surprising third-quarter loss.

The Office of the Comptroller of the Currency will start granting limited-purpose bank charters to fintech companies, but intends to maintain high standards for new entrants.

Bank of New York Mellon has named two women executives from the energy and technology sectors to its board.

Unity Bancorp in Clinton, N.J., has a deal in place to sell $15 million in common stock over time.

The combined institution will now serve more than 16,000 members with $142 million in assets.

First Colebrook Bancorp in Colebrook, N.H., has raised $5 million to exit the Small Business Lending Fund.

Mastercard cardholders in the U.K. will soon have the ability to choose a financing option for scheduled payments when making a purchase at a Verifone point of sale terminal accepting the new application.

A PrivateBancorp investor is urging other shareholders to reject the Chicago company's proposed sale to CIBC in Toronto.