CorTrust Bank in Mitchell, S.D., has acquired a one-branch bank in Blaine, Minn.
The $680 million-asset CorTrust bought Blaine State Bank, the Minneapolis/St. Paul Business Journal reported in its
CorTrust earned $6.5 million last year.
The banks now let institutional clients mint and redeem Circle's USDC directly, turning them into stablecoin infrastructure providers.
JD Power's closely watched survey of financial advisors' satisfaction with employee and independent brokerages crowned its perennial winners, with one interesting exception.
Seventeen banks, including BNY, Citi, HSBC, Standard Chartered and Wells Fargo, will make tokenized cross-border payments as the messaging network looks to counter threats from digital asset fintechs.
The Federal Reserve ordered TS Banking Group to shore up capital at two of its community banks, one of which is already under an enforcement action from the Office of the Comptroller of the Currency.
Brendan Coughlin, who is widely viewed as the heir apparent to Citizens Financial Group CEO Bruce Van Saun, will now oversee all of the regional bank's lines of businesses.
The Consumer Financial Protection Bureau is preparing to request information from credit-card issuers about their late fees. The renewed interest in late fees is a surprise, given the agency last year sided with the banking industry to kill a Biden-era rule that would have dropped the charges from $32 to $8.
