Americas

The Flint, Mich.-based institution has selected an executive with expertise in fraud prevention and law to take the helm following CEO Marilyn Reno's retirement.

The company agreed to buy Steuben Trust for $107 million.

The Columbus, Ga., company had been counting on increased volume to offset a squeeze in net interest margins.

The $32 million merger will create a bank with nearly $1 billion in assets.

The deal, which is expected to close in mid-2020, would create a company with nearly $18 billion of assets and more than $14 billion of deposits.

Payments innovation is happening in small businesses like Rio Grande Mexican Restaurant, which has to manage a shift in how people shop, order, pay and communicate — all at the same time.

Malaga Financial has no intention of diversifying its portfolio despite heavier competition and potential funding challenges.

The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans.

Tom Lopp will succeed Gary Judd at the end of November.

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions.