Fintech

The proposed merger will create a $10 billion-asset bank based in Nashville, Tenn.

The company will pay $29 million for Virginia Bank Bankshares.

Ebanx isn't new to the payments technology game in Latin America, having focused on cross-border e-commerce technology a few years ago to allow consumers in that region to make purchases from international merchants.

If credit union lenders and underwriters aren't working collaboratively, they could be hindering growth opportunities.

The Southeast banks expect to complete their merger by midyear, hit their savings targets and still be able to invest in growth, according to Bryan Jordan.

Following a 44% jump in the number of CU-bank acquisitions in 2019, some observers believe the volume could plateau this year.

Criminals will react to the EU legislation by changing their modus operandi, says Nets' Sune Gabelgard.

While not as large as the U.S. both in number of people and number of credit card owners, the U.K. remains a very lucrative market for issuing banks and card networks, as well as a host of alternative financial service providers catering to younger, underserved consumers.

The company will pay $24 million in cash for Central Federal Bancshares.

Fears that the New York banking giant’s consumer lending product could cut into a key credit union market appear to have been overblown.