Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month.

Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.

The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal.

Banks of all sizes need to stick together to ward off threats from "unregulated" fintechs and other nonbanks, Bank of America Chairman and CEO Brian Moynihan said Tuesday.

The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank.

New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen.

The loan origination fintech is offering the product in a stand-alone format and as part of the workflow for its mortgage and home equity loan products.

Financial startups are becoming important partners for community banks and credit unions, despite lobbying efforts to limit their growth.

The executive is leaving after two years of coast-to-coast commuting; the interest rate on the loan declines as the borrower achieves technology goals.

Customers are starting to reveal more to private bankers when they use GoTo, the bank's strategy chief Rilla Delorier says.

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.

As N26 schedules its launch for midyear, it will face off against other startups and mobile-only spinoffs from incumbent financial institutions.

Lining up leadership and securing staff support are important building blocks for banks eager to become more tech savvy.

On Dec. 31, 2018. Dollars in thousands, except for average loan amount.

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value.

By learning from the struggles that resulted from Wells Fargo’s outages, the rest of the financial world can improve its own disaster recovery plans, writes Todd Matters, chief architect and co-founder of RackWare.

Under the hood of U.S. Bank's new mobile app; BofA, Wells Fargo sour on blockchain; are Fannie and Freddie too big?; and more from this week's most-read stories.

The Clearing House announced moves to attract community banks and credit unions to its real-time payments system. Smaller depositories have generally been reluctant to sign up with what is seen as a large-bank effort.

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis.

Community and regional banks may not be able to outspend their larger rivals, but they can be more nimble in implementing the necessary culture change.