Fintech

The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division.

The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial.

A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets ⁠to seek out their own deals.

Payrailz, a payments startup launched that leverages AI to streamline bill payments and money transfers, will integrate its platform with Mastercard Bill Pay Exchange to explore ways to enhance the consumer bill payment experience.

The New Jersey company paid $336 million for all stock owned by Blue Harbour Group.

The credit union service organization has returned more than $20 million to member-owner institutions each year since at least 2016.

Bangor will pay $35 million in cash to gain branches in five communities.

Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp.

New York is the latest state to change its statutes regarding public deposits and credit unions as more institutions seek out strategies to boost liquidity.

The Department of Business Oversight said TitleMax charged consumers fees to push loan amounts above the threshold at which the state's rate cap applies.