Location Root Tag

SouthCrest Financial Group in Woodstock, Ga., has agreed to sell its only Alabama branches to Guardian Credit Union in Montgomery, Ala.

MainStreet Bancshares in Fairfax, Va., has hired a veteran Virginia banker as its president.

Franklin Financial Network in Franklin, Tenn., has filed plans to raise up to $62 million in a common stock offering.

Merchants may have gained an edge in their dispute with Visa over how EMV debit transaction routing is handled at the point of sale.

AgriBank in St. Paul, Minn., is removing "interim" from the title of its chief executive.

Glacier Bancorp in Kalispell, Mont., will enter Arizona after buying TFB Bancorp in Yuma.

The surprising outcome of last week's presidential election is already causing some banks to adjust interest rates on loans and rethink their technology spending.

In ancient mythology, Chinese unicorns are lucky, rare creatures that appear to mark the arrival or death of a great leader, like Confucius. Today, China's tech unicorns -- private companies valued at $1 billion or more -- are far more commonplace and look increasingly cursed.

Northern Trust on Tuesday promoted Michael O'Grady to president. O'Grady currently serves as head of corporate and institutional services at the Chicago-based custody bank, overseeing businesses such as asset servicing and investment management.

Temasek Holdings Pte pared its investment in Alibaba Group Holding Ltd. in the third quarter, as shares of China’s biggest online retailer rallied, while emerging as a shareholder of software maker Dell Technologies Inc.

The crisis sparked by the shortage of cash in India following Prime Minister Narendra Modi’s anti-graft measure to ban high-value currency bills has hit the movement of goods in Asia’s third-largest economy.

PeoplesBank in York, Pa., has hired Charles T. Field as its chief financial officer. The $1.5 billion-asset bank said in a press release Tuesday the Field will also be treasurer of its parent company, Codorus Valley Bancorp.

Bay Bancorp in Columbia, Md., is defending itself against claims it should be held responsible for embezzlement that allegedly took place at a bank it recently bought.

The former chief executive of NOVA Bank in Berwyn, Pa., will serve more than two years in a federal prison for his role in a fraud scheme involving the Treasury Department's Troubled Asset Relief Program.

Little Bank in Kinston, N.C., has agreed to buy its first bank. It will pay $30.7 million, or $11.94 a share, for the $298 million-asset Union Banc in Oxford, N.C.

First Republic Bank in San Francisco is looking to raise $287 million from a secondary offering.

The reports at first seem striking: India's abrupt recall of its larger cash notes has caused a dramatic uptake in mobile payments, likely spurred by staggering lines at bank branches and ATMs.

Despite the head start mobile wallets got in the U.S. when Apple Pay launched more than two years ago, markets outside the U.S. are exhibiting that they are much better positioned for mobile wallet adoption, a new report from Fitch notes.

Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal. Vermut stepped down last week but will remain a director at the San Francisco-based online lender, according to the report, which cites unnamed sources.

The Trump transition team is said to have recommended that Steven Mnuchin be nominated Treasury secretary. A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him.