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Grand Rapids-based Independent Bank Corp. has agreed to buy HCB Bancorp for $70.2 million — the buyer's first deal since 2017.
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Participate, a loan participation network, has agreed to use tokenized dollars issued by Custodia Bank and Vantage Bank.
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Royal Bank of Canada is rolling out AI across its businesses in an effort to become more efficient and generate more revenues. The Toronto-based bank recently created an internal AI accelerator that directly reports to CEO Dave McKay.
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The Ohio-based lender is accusing Atlantic Coast Mortgage of stealing customers, while a Chicago bank is accusing Lower of raiding a Maryland branch.
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For the second week in a row, the 30-year fixed increased by 11 basis points, Freddie Mac found, a result of reaction to oil price hikes from the Iran conflict.
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U.S. Bank's merchant acquiring group this week named Wally Mlynarski — formerly of Bank of America and a former executive at Evalon — to the top job as AI sweeps over the industry and with fintechs and traditional rivals ready to pounce.
