Americas

First Bank will enter a new market and gain access to low-cost deposits after it completes the acquisition.

The Illinois company, four months removed from its last bank acquisition, just announced the biggest purchase in its history. Alpine Bancorp. will add low-cost deposits and scale to Midland States' wealth management business.

Profits at the custody bank rose 16%, but it announced a new streamlining program that is expected to generate yearly savings of $250 million by 2020.

The company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth.

Frederick Waddell will retire as CEO of the Chicago custody bank at the end of 2017 but will remain chairman.

Canada's banking regulator released final rules that will make it tougher for borrowers to take on uninsured mortgages, adding to a growing list of measures to rein in the nation's housing markets.

UL Transaction Security has teamed up with Zurich-based payment software engineering firm Abrantix to create a robot to automate the typically tedious, manual process of payment terminal testing.

PacWest reversed a valuation allowance on tax credits, which helped boost third-quarter earnings. PacWest also expects its deal for CU Bancorp to close this week.

Spokane Teachers Credit Union CEO Tom Johnson will be succeeded by Ezra Eckhardt, effective Jan. 1, 2018.

Chinese tourists visiting the U.S. may begin paying cab fares via Alipay this month in Las Vegas and next month in New York through an expanded acceptance deal with Verifone.