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The Virginia-based bank had been an example of what can go wrong when banks partner with fintechs. After being released from an OCC enforcement action, Blue Ridge is now focused on operating as a traditional community bank, said CEO Billy Beale.
November 14
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The payments company is expanding the transfer app in an effort to entice more consumers to use the service as their primary banking relationship
November 14
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Customers of fintechs like Yotta and Juno, who in some cases lost their life savings, may start to get reimbursed out of the agency's Civil Penalty Fund, but no timeline has been announced for repaying them.
November 14
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MetroCity Bankshares in Doraville, Georgia, plans to finalize its acquisition of First IC Corp; Rockefeller Capital Management's Brian D. Riley will join BNY Wealth as global head; Blackstone appoints former Morgan Stanley rainmaker Franck Petitgas to a top role in Europe; and more in this week's banking news roundup.
November 14
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Philadelphia-area Citadel Credit Union is starting to see a payoff from a major investment in its business banking operations.
November 14
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ICBA argues Bridge's stablecoin model pushes the trust charter beyond its intended fiduciary scope.
November 14
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Pinnacle and Peapack-Gladstone have sought to preserve their corporate cultures during periods of major change.
November 14
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Banks with more than $10 billion of assets made up 12% of American Banker's 2025 Best Banks to Work For list.
November 14
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Too often, small fintechs working to bring innovative technology online in the U.S. determine that they would be better off overseas. Regulators should copy existing "sandbox" models to keep them here.
November 14
