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Freedom Bank is rolling out Freedom@Work, which offers perks for employees of participating companies, as part of a wider strategy to attract more consumer deposits.
June 4 -
Marianne Lake will oversee strategic growth and the company's fast-growing overseas consumer bank.
June 4 -
Oxford Bank appears poised to reap benefits from a substantial investment in building out its commercial finance subsidiary. The business, which provides credit to companies that aren't a good fit for bank loans, has moved into the banking mainstream over the last 15 years.
June 3 -
The probability of a trade war-induced recession is unclear and fluctuates almost daily. However, the possibility is real enough that banks have a responsibility to prepare for a serious economic downturn on par with the 2008 financial crisis.
June 3 -
The Department of Justice is seeking to terminate a Biden-era lending discrimination settlement with Lakeland Bank. Last month, the DOJ took similar action in a case involving Mississippi-based Trustmark National Bank.
June 2 -
Forbright Bank was reprimanded by the FDIC last year in connection with its use of brokered deposits. To address the issue, the Maryland-based lender has built out a digital banking arm.
June 2 -
The 15 largest banks had an average NCO ratio of 0.66% in the first quarter.
June 2 -
The Florida bank plans to buy Villages Bancorp for $710.8 million, marking its second in-state acquisition of 2025.
May 30 -
The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth prospects or aren't core to its business.
May 30 -
The request for information was issued as part of an executive order aimed at eliminating paper checks as a form of federal payment in most cases, which the administration says aims to curb fraud, modernize disbursements.
May 30