Americas

DeVan Ard will succeed William DeBerry when DeBerry retires in June.

Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.

With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line.

If underwriting standards at other lenders begin to fall, how will CUs respond?

The Massachusetts-based CU liked COCC’s cooperative business model.

Alipay's deal to buy MoneyGram for $880 million may be the centerpiece of its strategy to expand beyond China's borders, but it's not its first move in recent months. The Alibaba payments affiliate has already extended its reach in several other ways.

The company said it could use proceeds for repaying debt and acquisitions, among other things.

The merger will create a bank with more than $4 billion in assets.

Independent members of HopFed Bancorp's board sent a letter to Joseph Stilwell complaining that their largest investor had rebuffed several efforts by CEO John Peck to schedule a meeting.

The $8 million credit union’s single office will become a branch