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The appointment of Lynne Biggio Herndon as chief credit officer marks the final step in the Phoenix-based bank's leadership reorganization.
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Reading Cooperative Bank and Queensborough National Bank and Trust are among those that see value in being close to fintech startups.
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Jonathan McKernan, a member of the Federal Deposit Insurance Corp. board, voiced concerns about the growing influence of Vanguard, BlackRock, and State Street on publicly-traded banks, suggesting regulators should more actively review their interactions.
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Southern Bancorp in Little Rock, Arkansas, plans to put $250 million in equity capital it received from the Treasury Department to good use making mortgages and acquiring banks.
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Rep. Blaine Luetkemeyer, R-Mo., was seen as a frontrunner to replace outgoing Rep. Patrick McHenry as the top Republican on the House Financial Services Committee before his announced retirement from Congress Thursday afternoon.
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In comment letters to the Consumer Financial Protection Bureau concerning its proposed rule to allow consumers to share their banking data with third-party providers, banks worry about implementation costs while fintechs fear the rule will stymie innovation.
