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The company has agreed to buy Preferred Bancshares in a deal set to close by mid-2019.
February 18
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The company's expansion into new business lines could help offset recent declines in loan volume.
February 15
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The funds the bank promised to spend on consumer relief will instead be used to make new home loans, according to a report by the monitor of its 2017 settlement with the U.S. Justice Department.
February 15
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Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this week's most-read stories.
February 15
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"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives.
February 15
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Credit unions tout their readiness to assist with a variety of life stages, but a loan product for one of the most difficult potential life experiences is virtually nowhere to be found.
February 15
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HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.
February 15
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The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.
February 15
Funding Circle -
The JPM Coin will be used to expedite payments transfers for its corporate clients; customers of Spain’s largest retail bank will be able to withdraw cash without entering a PIN.
February 15
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They all agree that legislation is needed, but the two approaches being offered are exposing tensions.
February 14
American Banker
