Fintech

BancorpSouth would have $44 billion of assets after it buys Houston-based Cadence. The company will be rebranded, while the bank will retain the Cadence name.

Banking trade groups have called for congressional hearings following the Jacksonville, Fla.-based credit union's agreement to purchase the $1.6 billion-asset Heritage Southeast Bank, the largest deal of its kind to date.

The California company has not established a time or pricing for the IPO.

The deal will see the $16 million-asset Georgetown FCU join the $258 million-asset PAHO/WHO. The combined institution will serve more than 7,500 members.

With its deal for Century Bancorp, Eastern will significantly boost its deposit share in greater Boston while gaining an entrée into several new business lines, including cannabis banking.

Regulators have approved the credit union's request to add 477 underserved census tracts to its field of membership, allowing it to reach roughly 2.5 million consumers.

Issuers may provide relief for borrowers who fall behind on installment loans — and mitigate some of the reputational hit to merchants in the process.

Issuers may provide relief for borrowers who fall behind on installment loans — and mitigate some of the reputational hit to merchants in the process.

U.S. consumer borrowing surged in February by the most since late 2017 as a broader reopening of the economy from pandemic restrictions helped spark an increase in credit card balances.

PingPong and Perch want to make it easier for third parties, which are often accumulated into a larger group by acquisition, to sell overseas on Amazon's platform.