Banking

First NBC Bank Holding in New Orleans said in a press release Thursday that its bank entered into a consent order with the Federal Deposit Insurance Corp. and the Louisiana Office of Financial Institutions on Nov. 10.

Welcome to the new PaymentsSource Morning Briefing, delivered daily with the information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: E-commerce eases earnings pain at Target; Instagram adds shopping tools; Uber launches a gift card; a new payment app for pot.

Simmons First National in Pine Bluff, Ark., has agreed to buy the parent of First South Bank in Jackson, Tenn.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Forget about municipal governments. Through transactions such as payments, banks have a trove of data that can be used to revolutionize how cities work.

The Independent Community Bankers of America has asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by the ICBA that challenges recent revisions to the agency's member business lending regulation.

The $9 billion-asset First Interstate said in a press release Thursday that it will pay $589 million, or $7.60 a share, for the $3.2 billion-asset Cascade.

NewDominion Bank in Charlotte, N.C., has a new president. The $325 million-asset bank said in a press release Wednesday that Tim Ignasher will also lead its commercial banking division.

Abington Bank in Massachusetts is planning to merge with Holbrook Co-operative Bank in Massachusetts.

Home BancShares in Conway, Ark., said in a press release Thursday that its bank has been declared the winning bidder for Bank of Commerce in Sarasota, Fla., as part of a bankruptcy auction.

Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes — and financial penalties — not to mention higher compliance costs and longer delays in closing loans.

Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.

Behavioral biometrics has already stopped several million dollars worth of online banking fraud at National Westminster Bank in London.

Mary Jo White's exit from the Securities Exchange Commission could make even her critics unhappy (note to Sen. Elizabeth Warren: be careful what you wish for). Former Nasdaq intern Adena Friedman makes her longtime ambition of becoming CEO of the stock exchange a reality, Amy Brady talks about the growing influence of CIOs, and Edith Cooper encourages conversations about race at Goldman Sachs. Also, Annie Leibovitz has taken some new portraits of women that you can check out in a free exhibit.

Wells Fargo is continuing to sustain damage from the phony-accounts scandal that emerged in early September, according to new data published Thursday.

Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Experts search for a cause for the Tesco breach; classical musicians play at an ATM; the European Commission wants to help banks repond to tech; Nordic countries shed cash.

Many assume that a smart contract is something totally new. However, banking has used imperfect implementations of smart contracts for at least three decades.

LendingTree has agreed to pay up to $130 million to acquire the credit card shopping site CompareCards.

The Consumer Financial Protection Bureau issued a proposal Thursday that asks the public to weigh in on consumer access to financial information, part of a fight between banks and fintech companies about the sharing and control of consumer records.