Banking

The Columbus, Ohio-based regional bank also benefited from strong performances by several legacy business lines, including auto, mortgages and SBA lending.

The regional bank's cloud-based software platform will be one of the first of its kind, a top executive said Friday.

The banking subsidiary of Western Alliance Bancorporation is discarding six brand names to unify under the Western Alliance Bank moniker; longtime JPMorgan advisor Vishal Idnani will join Western Alliance as its next CFO; First Community in Lexington, South Carolina, will acquire Signature Bank of Georgia; and more in this week's banking news roundup.

The North Carolina-based regional bank still expects its revenue to outpace its spending this year, though if interest rates hold steady, it could "create some risk," a top executive said Friday.

Prosperity Bancshares announced plans to buy Corpus Christi-based American Bank Holding Corp. in an all-stock deal.

Private mortgage insurers must accept the FICO alternative as valid collateral before it can be widely adopted by the mortgage industry.

The Minneapolis-based bank reported solid commercial growth during the second quarter, with the momentum carrying over into July.

A new federal law that decouples health savings accounts from high-deductible insurance plans is expected to be a tailwind for the Connecticut bank's health care unit.

Executives believe the Dallas bank will hit its target for improving a key profitability metric later this year, driven by investment and trading fee income.

After the rapid rise of interest rates, election uncertainty and tariff policies stymied borrower demand, some banks' second-quarter results suggest that loan growth may be on its way back.