Americas

Donald Wetzel, the man who devised the first U.S. cash dispenser, says automated tellers will always exist — even as they evolve beyond their initial purpose.

Michigan on Monday approved a charter for a new financial institution designed for lesbian, gay, bisexual and transgender customers, clearing the way for online service to begin early in 2020.

A major credit union conference will bring lawmakers face to face with the industry as Congress returns from its summer recess.

Members of tiny CARCO Federal Credit Union have voted to approve a merger into Educational Systems FCU.

The deal between First Defiance and United Community would create a $6 billion-asset bank.

Skip Brown, an executive with Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application.

Other banks have made splashy acquisitions there, but PSB Holdings is getting ready to open a branch after making inroads in the market for three years. Its next step could be M&A.

Both banks focus on the Chinese-American community.

Prosecutors are investigating the involvement of Ashton Ryan and another executive in the New Orleans bank's 2017 collapse, a federal judge recently wrote in a decision on a related matter.

Driver Management said it believes the company would create more shareholder value by finding a buyer.