Banking

The Jacksonville, Fla.-based credit union purchased the facility from Atlantic Coast Bank for $2.2 million.

Credit unions are having a positive impact by doing everything from shredding thousands of pounds of paper to building their 492nd home for a family.

Cadence has upped the exchange ratio by 10%, a move made necessary by the 40% decline in its stock price since the deal was announced in May.

Entering 2019, lenders must think carefully about how they expand their auto loan portfolio. Failure to do so could result in bad loans and bad reviews online.

Greater Commercial Lending has targeted making loans in some unique sectors, including mining and renewable energy, after launching in January.

Younger consumers today have a very different view of, and utility for, general purpose bank and private label retail credit cards when compared to older generations.

The industry could see a boost in mortgage lending from regulatory changes, but other factors may slow growth.

The information you need to start your day, from PaymentsSource and around the Web: credit cards fund gun violence; the government shutdown and payments; mobile wallet for bus fares; and more.

The biggest question is whether new CFPB Director Kathy Kraninger will deviate from the pro-industry policies of her predecessor, or bring continuity.

While these five bankers made headlines this year, not all of them did so for good reasons.

The settlement of a fight with an insurance company over officer and director coverage yielded a $6 million payout for FNCB in Dunmore.

As head of Santander Bank’s retail network, Colleen Canny will be in charge of more than 600 branches and over 4,100 employees across eight states.

There are steps financial firms can take to protect their customers in the event a major wireless network is compromised, including reconsidering the use of SMS messaging for account authentication.

Rep. Maxine Waters, D-Calif., will take the gavel on the Financial Services Committee next term.

On Sept. 30, 2018. Dollars in thousands, except for average loan amount.

On Sep. 30, 2018. Dollars in thousands.

The Massachusetts-based institution has paid out over $10 million to its members since 1996.

The information you need to start your day, from PaymentsSource and around the Web: Walmart listens in on shoppers; blockchain farming; Amazon in the air; and more.

A big splash by Fifth Third, a bid by WSFS to reinvent itself and some bold long-distance expansions highlighted a year where deal activity held steady but premiums rose.

CBTX said an unauthorized person obtained personal information for about 7,800 customers.