Banking

The company has agreed to pay $89 million for Premier Commercial Bancorp. The acquisition would significantly increase its branch presence and lending in the Portland area.

Federal Reserve warns that nonbank lenders pose risks to the financial system; Swift says the technology needs more work.

The information you need to start your day, from PaymentsSource and around the Web. Today: The EU pushes for a common fintech market; CBA limits ATM deposits; Swift's distributed ledger proof of concept is mixed; PhonePe takes a shot at Paytm.

The retail lending unit of Marlette Funding meets regularly to make sure all employees are invested in its quarterly goals.

The venture capital firm Anthemis seeded 21 fintech startups in its first discretionary fund, which raised $106 million. It favors management teams made up of people from all walks of life who have fresh ideas about shaking up banking and insurance.

If community banks fail to keep up with higher rates offered by online banks, credit unions and (soon) big banks, their liquidity may deteriorate even faster.

Credit unions saw strong gains in membership, loans and more in 2017, though the industry continued to shrink, with 200 fewer credit unions in operation than at the end of 2016.

If community banks fail to keep up with higher rates offered by online banks, credit unions and (soon) big banks, their liquidity may deteriorate even faster.

Disruptors would get a powerful new competitor if Amazon began offering checking accounts, but such a move would also validate the notion that fintechs are the future.

After some modest success pushing companies to add women to boards, State Street is raising the bar; a few key departures have left the world’s central bankers even more male-dominated; and why Caitlin Long went from Wall Street to Wyoming.

As it gives its small-dollar lending regulation another look, the agency must consider borrowers who have no other credit options.

Many community bankers fear the fast-growing P-to-P network will increase costs without adding revenue.

The move provides a strong hint of the long-term succession plan CEO Leon Holschbach is putting in place.

TransUnion’s analysis of credit card applications and transactions finds fraudsters continue to steal more, but the rate of increase is slowing.

Sen. Durbin wants the bank to ease its college marketing efforts; the Consumer Bankers Association wants the government to make more room for private lenders.

The information you need to start your day, from PaymentsSource and around the Web. Today: Activists plan anti-gun protest at Visa headquarters; New cannabis payment wallet; Judge rules cryptocoins are commodties; Google debuts chat for Tez in India.

Banks increasingly avoid crypto, but Grainne McNamara at PwC has come up with a framework banks could use to participate in the digital currency world.

With the U.S. military in mind, the Texas banking product provider's CEO, Gabe Krajicek, created a corporate culture where employees name themselves after the legendary warriors and operate under a mission to "win the war."

With interest rates rising, corporate tax rates declining and regulatory relief likely on the way, now is actually a pretty good time to be a bank. That could be why sellers are holding out for more.

The major prepaid card issuer agreed to the penalty to settle allegations that it had charged higher fees than what was disclosed to customers.