The modern bank branch is not a museum piece. It is a platform. And in the hands of forward-thinking leaders, it is ready to lead the next era of the banking industry's evolution.

Calls for applications for a bank-specific program within the Community Development Financial Institution Fund have been delayed, raising the possibility that those funds are unspent before the appropriated money expires.

Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.

The buyer said its $70 million cash-and-stock deal for Farmers State Bank will boost its presence in the northeast section of Ohio, and provide plenty of low-cost deposits

Historically high interest rates and falling late-payment rates suggest that credit card issuers are tightening their underwriting standards amid economic uncertainty.

Seven of the 20 top-performing banks with $2 billion to $10 billion of assets last year were based in Texas. But it's not about being bigger.

Banks that kept a lid on their cost of funds managed to outperform their peers, illustrating the fact that 2024 was a defensive year for the industry.

First Northwest Bancorp is parting ways with CEO Matt Deines "by mutual agreement," the Port Angeles, Washington-based company said. Deines' departure comes a month after a hedge fund sued, alleging the lender was complicit in a Ponzi scheme.

The digital bank had previously notified about 1,000 business customers that they would lose access to their debit cards for a week, amid a systems update.

The U.K. fintech has launched a series of products that expand on its core payments business and compete with banks and other payment technology firms.