The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.

Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.

Will Artingstall, global head of banking as a service within Citi's Services business, sat down with American Banker to discuss the firm's BaaS business and how it fits into its larger corporate payments strategy.

Home prices increased 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index.

The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.

American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.