Banking

The storm dropped record rainfall on the Big Island, leaving one credit union with as much as two feet of water in its basement.

SWNB Bancorp was unable to secure enough votes to back its proposed sale to Hanmi Financial.

OCC proposal would broaden the types of loans that would count toward CRA obligations; new law helps parents freeze accounts of minors.

The information you need to start your day, from PaymentsSource and around the Web. Today: Buffett investor takes a seat on Paytm's board; Xoom's network gets larger; Glint preps for U.S. launch; Alipay checks on rice authenticity; Modo and Etihad partner on loyalty.

Digital banks dispute the notion that they can skimp on customer service because millennials are only shopping for low fees and high savings rates.

The new rule will raise the asset threshold for firms eligible for the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement.

The company said that Michael Segner had also succeeded Stephen Mourlam as its president.

Richard Murray IV was named chairman, succeeding John Holcomb III. Murray replaced Holcomb as CEO last year.

The partner credit unions will collaborate with the CUSO to create custom investment programs for their memberships.

Bank of Montreal set a profit record for its U.S. business, thanks in part to Donald Trump's tax cuts and lower provisions for bad loans.

Free checking peaked nearly a decade ago, but more than half of all credit unions continue to offer it, despite new players fighting for that business.

Despite legal cannabis category's regulatory complexity — or perhaps motivated by it — a new breed of merchant acquirers is slicing through the thick government red tape to process cannabis payments, one state at a time.

Randal Quarles was considered for Financial Stability Board chair spot; the outgoing student loan ombudsman says the agency puts lenders before consumers.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon Go opens another store; Singapore digital pay project gets larger; Kenyan bank spins off fintech unit; People petition PayPal to do more to halt hate groups.

Chip Mahan, founder of Live Oak Bank, believes that if employees have their needs outside work met, they will work better with customers.

Michael Towbes, the owner of Montecito Bank & Trust who passed away last year, launched a program in 2003 that gives $1 million away to charities each year.

The Best Banks to Work For study is a collaboration between American Banker and the Best Companies Group, which conducts extensive employee surveys and reviews employer reports on benefits and policies.

Oakworth Capital Bank, which topped our "Best Banks" list this year, takes a broad view of wellness by providing employees with free healthy snacks and classes on time management.

Inspired by the book "How Fargo of You," Bell Bank has an awards program that recognizes employees with a talent for the little touches that matter to customers.

See the perks employees get at the 85 financial institutions that made our sixth annual Best Banks to Work For list.