Banking

Veritex will take advantage of accounting rules in its deal for Green Bancorp, a larger bank with lingering energy exposure.

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending

The San Antonio company also kept a lid on expenses in the second quarter, further boosting its bottom line.

While U.S. machines migrate to EMV, there's a mix of physical security and software that can mitigate the mounting security risk, according to Mark D. Smith, director of business development for MVP Financial Equipment.

The Oklahoma bank’s net charge-offs were its second-highest in the last five quarters, but the company said it was confident in its credit quality outlook and growth prospects from a pending acquisition.

The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares.

Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase.

The information you need to start your day, from PaymentsSource and around the Web. Today: Square helps merchants fight chargebacks; Paytm's in the middle of political disputes; Air Canada tries to buy back Aeroplan; Coinbase intros crypto gift cards.

The company will pay $191 million for Skagit Bancorp, a deposit-rich bank in Washington's North Sound region.

The $54 million purchase of Pilgrim Bancshares will give Hometown branches in western, central and eastern Massachusetts.

Jack Remondi issued a direct call Wednesday for the agency to drop its lawsuit against the student loan servicer. “You’ve had five years to look for your evidence, you’ve found none,” he said.

As the company boosts originations to subprime and other borrowers, it remains to be seen if the improvements in asset quality will continue. A similar question mark is hanging over many consumer lenders these days.

The bank sees its global reach as an advantage in supporting evolving business customer needs.

The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions.

The bank, which would be only the second to call the Motor City home, would hire 500 people there while maintaining most of its workforce in Midland.

In addition to leading the company’s national business banking efforts, Peter Sefzik will also oversee small-business banking. Brian Foley, the chief credit officer for the Texas market, will succeed him as market president.

Prosperity Bancshares in Houston said that its earnings increased 19% from a year earlier as its efficiency ratio rose.

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution.

Spurred by the PSD2 regulation, the introduction of open banking has also played a key role in a shift to software-delivered services, according to Jason Bobb, senior vice president of global sales and business development for Canonical.

The $26 million acquisition will allow Summit to enter two new counties in its home state.