Fintech

The company agreed to buy the parent of Countryside Bank for $90.5 million.

The company agreed to pay $66 million for the parent of Citizens State Bank in Tyler, Texas.

The Wisconsin regional agreed to buy the parent of First National Bank in Staunton for $76 million in cash.

South Plains' agreement to buy West Texas State Bank is its first major move since conducting an initial public offering in May.

New data from PSCU shows a 46% increase in sales volumes for credit union members compared to last year.

Several small and midsize banks say they are losing borrowers to rivals and worry the trend could get worse as interest rates decline.

The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020.

Payconiq has built an omnichannel, multicountry payment platform that uses a mobile payment app to leverage existing bank infrastructure in order to make payments in-store and online payments as well as to send P2P payments.

A study by FinRegLab of six nonbank lenders' use of cash-flow data in underwriting decisions finds this type of "alternative data" helps predict loan performance.

The Michigan-based institution also recorded increases in earnings, deposits and membership.