Banking

The Alabama bank, which is spending hundreds of millions on technology, says the ability to make faster credit decisions is one reason digital metrics such as checking account openings are soaring.

The San Antonio bank has had little trouble hiring retail bankers to staff its new Houston branches, but it’s having a harder time filling IT and cybersecurity jobs at its headquarters, said CEO Phil Green.

The company agreed to pay $66 million for the parent of Citizens State Bank in Tyler, Texas.

The Wisconsin regional agreed to buy the parent of First National Bank in Staunton for $76 million in cash.

South Plains' agreement to buy West Texas State Bank is its first major move since conducting an initial public offering in May.

New data from PSCU shows a 46% increase in sales volumes for credit union members compared to last year.

The bill, similar to legislation that passed the chamber last year, would permit the inclusion of items such as rent and telecom payments to help consumers build their credit profiles.

Several small and midsize banks say they are losing borrowers to rivals and worry the trend could get worse as interest rates decline.

The Columbus, Ohio, company said Thursday that it expects the Federal Reserve to cut interest rates twice this year and two more times in 2020.

State and federal authorities say the network of firms in upstate New York sought debts that consumers weren't obligated to pay and impersonated government officials, among other things.

A study by FinRegLab of six nonbank lenders' use of cash-flow data in underwriting decisions finds this type of "alternative data" helps predict loan performance.

The firm joins $40 billion “technology megafund” sponsored by SoftBank Group; company says partnerships are taking longer than expected to bear fruit.

The information you need to start your day, from PaymentsSource and around the Web. Today: eBay's warehouse and shipping play; Alaska Airlines adds Google Pay for boarding passes; Newegg adds to crypto network; Swiss regulators haven't heard from Libra.

The number of transactions to send money across borders has risen for 36 consecutive months, but this could eventually slow.

The Washington company will have more than $1 billion in assets in Southern California when the $87 million deal closes.

The $64 million acquisition is the first for Investors since it was freed from a regulatory order tied to Bank Secrecy Act compliance.

The heads of the island's largest banks are worried that ongoing protests over government corruption and other scandals are a setback to an economy slowly rebounding from the devastating hurricanes of 2017.

A company that operates mostly in rural markets is finally making a push into the thriving mid-Atlantic markets of Washington and Baltimore with its deal for Old Line Bancshares.

Total loan volumes at institutions in both states increased by more than 1%, far above the national rate.

Second-quarter earnings at the Chicago custody bank were flat as increased interest costs offset better yields and fee income held steady.