Retail & Commercial

The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions.

SmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium.

A panel of federal judges determined that Think Finance and an online tribal payday lender must comply with state interest rate and licensing laws.

In the months ahead, the Birmingham, Ala., bank will drop Compass from its name across all of its branches and digital properties. It’s part of a broader plan by its Spanish parent Banco Bilbao Vizcaya Argentaria to unify its brand worldwide.

David Tyrie, the bank’s new head of digital banking, discusses plans to offer customers constant course corrections and its new Life Plan product, and the latest on the virtual assistant Erica.

Overall loan growth at the Tulsa, Okla., company was muted, however, as an increase in early paydowns lowered commercial real estate loan balances.

The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year.

The Wisconsin Supreme Court upheld a "narrow interpretation" of a state-level consumer-protection law that maintains lenders' rights to collect debts without fear of being sued for damages.

Entegra Financial, which had a deal to be sold to SmartFinancial, has instead agreed to be sold to First Citizens, which offered more money and will pay a breakup fee for the initial deal.

Now that the Cincinnati company recently completed its first bank acquisition in over a decade, CEO Greg Carmichael is pushing ahead on tech hires and expansion outside its Midwestern core.