M&A

Hope Bancorp to buy Hawaii bank in $79 million deal

The Los Angeles-based company, which focuses on Korean Americans, said the acquisition of Territorial Bancorp will allow it to expand its customer base.

By Catherine Leffert

2h ago
Failures

Fulton details Philly boost it's getting from Republic First takeover

The first bank failure of 2024 will result in the Lancaster, Pennsylvania-based Fulton nearly doubling deposits in Philadelphia, a market it has viewed as strategically important for several years.

By John Reosti

3h ago
M&A

UMB Financial to acquire Heartland Financial for $2 billion

The combination of the two regional banks is set to create a $64.5 billion-asset company with a 13-state footprint across parts of the Midwest, South and West.

By Allissa Kline

4h ago
Monetary policy

The Fed is talking, but markets still hear what they want to hear

Banks and other financial market participants have been keyed into the central bank's communications around monetary policy expectations. But in an unpredictable economy, the guidance doesn't always hit the mark.

By Kyle Campbell

5h ago
Fintech

Michigan credit union helps members borrow from friends and family

Michigan State University Federal Credit Union is working with the relationship-based lending app Zirtue to offer members a tool for outlining lending agreements and repayment plans.

By Frank Gargano

6h ago
SBA

SBA's push to revive an old idea

Isabel Casillas Guzman, administrator of the Small Business Administration, wants the agency to get involved in direct lending, a practice that was discontinued during the Clinton administration. Congress has not embraced the idea, to put it mildly.

By John Reosti

11h ago

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