Banking

First Colebrook Bancorp in Colebrook, N.H., has raised $5 million to exit the Small Business Lending Fund.

Wells Fargo has amended its bylaws to requires separate chairman and chief executive roles, the latest change in corporate policy after the bank's phony-accounts scandal.

Privatizing the government-sponsored enterprises is a priority for Treasury Secretary-designate Steven Mnuchin. Here's a look at what it will take to pull off and the potential implications for the mortgage industry of unwinding the conservatorship.

As the outgoing administration stresses the need for stricter regulatory requirements on new fintech companies, technology companies are urging President-elect Donald Trump to lower the barriers to entry for new financial industry players.

A PrivateBancorp investor is urging other shareholders to reject the Chicago company's proposed sale to CIBC in Toronto.

Citizens Bank is the latest to partner with a robo-adviser, but it plans to quickly make the digital investment advice its own.

Needham Bank in Massachusetts has hired a banking veteran as its next chief executive.

Citi's Debby Hopkins is retiring at the end of this year and Fidelity's Abigail Johnson is taking over for her father as its new chairman. Beth Mooney, Morgan Cambern, Claire Calmejane, and other execs talk about the impact fintech has had in their jobs and why technology should be embraced and not feared. Meanwhile, Citi faces a suit from a former trader over its alleged "Bro's Club" practices.

The billionaire investor will soon step down from the New Jersey company's board as he prepares to become Commerce secretary. The appointment, however, shouldn't force any changes in his firm's holdings or its investment in the banking sector.

As bitcoin's spotlight fades and banks work to adapt its underlying blockchain technology for more traditional uses, it seemed that the world was ready to move on from the infamous cryptocurrency. And then Donald Trump was elected president of the U.S.

The smallness of in-store branches used to be a liability, but with the industry's changing landscape, strategically placed "alternative branches" make more sense today.

A pair of First BanCorp's biggest investors will partially liquidate holdings in the San Juan, Puerto Rico, company.

TriCo Bancshares in Chico, Calif., has hired a Wintrust Financial executive as its chief operating officer.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Bankers say innovation changes ROI; tech giants push Trump on regs; payment tech scores at blockchain event; Fitbit plans to buy Pebble.

The credit reporting firm TransUnion has unveiled a new partnership that is designed to provide more thorough data to investors in marketplace loans.

Some regulatory agencies appear ripe for criticism or curbs to their authority in the incoming Trump administration, but the Office of the Comptroller of the Currency is in position to have its authority expanded.

Horizon Bancorp in Michigan City, Ind., has restructured its balance sheet to improve its margins and financial returns.

CenterState Banks in Winter Haven, Fla., has agreed to buy Gateway Financial Holdings of Florida in Daytona Beach.

Banks tend to respond to ATM and payment breach risks after an incident. They need to get more proactive.

Anthony Labozzetta, CEO of Sussex Bancorp in New Jersey, isn't afraid of change. His unusual approach to banking helped Sussex emerge from the financial crisis with momentum. Now he's building a branch model that could serve as a blueprint for growth-minded banks.