Retail & Commercial

FIs say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.

The company will also sell $58 million in deposits to West Gate Bank.

The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

Fifth Third and First Republic are among the investors in the company’s $50 million equity round.

Ancora Advisors will place a representative on MutualFirst's board in exchange for supporting the company's director nominees and other policies.

The $6 million acquisition will add four businesses with a total of $700 million in assets under management.

Banks say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.

A growing number of fintechs are finding ways to cater their offerings to credit union members, including one co-founded by a former credit union CEO.

More buyers, spurred by increased lending and an improved economy, are pursuing deals for banks with an abundance of cheap deposits.

One fintech has a new twist on gamification — tie savings contributions to achievement in the most popular games.