New York

NCUA liquidated LOMTO Federal Credit Union following years of significant losses due to poorly performing taxi medallion loans.

The $1.1 billion-asset credit union will move to Fiserv's DNA platform while implementing other services from the technology provider.

The resulting institution will hold more than $1.6 billion in assets and serve nealry 50,000 members.

Bennett Bradley, BB&T's chief digital officer, discusses how an investment in Enigma, which helps companies leverage data, fits within the regional bank's fintech strategy.

Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year.

After months of negative headlines, including administrative charges against a former CEO, regulators shuttered the NYC-based credit union.

American Express is entering the arena of wearable payments in offering the Amex Band to cardholders attending the US Open tennis tournament in New York.

Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections.

Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities.

Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles.