Banking

Franklin Financial Network in Franklin, Tenn., has filed plans to raise up to $62 million in a common stock offering.

AgriBank in St. Paul, Minn., is removing "interim" from the title of its chief executive.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Walgreens expands beacons; AI enters travel payments; Fintech goes deeper into the back office; Brexit causes U.K. VC slump.

The president-elect should consider establishing an executive-level office to inform his administration on ushering in a new era of financial regulation — one that is much savvier about new technology and big data.

Glacier Bancorp in Kalispell, Mont., will enter Arizona after buying TFB Bancorp in Yuma.

The $1.8 billion-asset parent of Cambridge Trust said in a press release Tuesday that Michael Carotenuto started as CFO on Monday. He succeeds Albert Rietheimer, who is retiring after serving as CFO since 2005.

Northern Trust on Tuesday promoted Michael O'Grady to president. O'Grady currently serves as head of corporate and institutional services at the Chicago-based custody bank, overseeing businesses such as asset servicing and investment management.

The digital-advice startup SigFig has now teamed up on robo-advisory offerings with Wells Fargo and UBS, while BlackRock's FutureAdvisor has lined up agreements with U.S. Bancorp, BBVA and others.

PeoplesBank in York, Pa., has hired Charles T. Field as its chief financial officer. The $1.5 billion-asset bank said in a press release Tuesday the Field will also be treasurer of its parent company, Codorus Valley Bancorp.

Bay Bancorp in Columbia, Md., is defending itself against claims it should be held responsible for embezzlement that allegedly took place at a bank it recently bought.

Following the regulatory orders against Wells Fargo and the resignation of its CEO, stockholders are likely to ask whether the board has responsibility and even liability for the bank's compliance failures.

The former chief executive of NOVA Bank in Berwyn, Pa., will serve more than two years in a federal prison for his role in a fraud scheme involving the Treasury Department's Troubled Asset Relief Program.

With 14 million trades a day on Nasdaq and innumerable chats and emails, the stock market's risk and surveillance officers can't look at everything. Enter artificial intelligence.

In a bid to capture greater market share among affluent consumers, Citigroup announced Tuesday that it has revamped its Citigold services and has launched Citi Priority, a new offering that combines financial guidance with new digital tools and benefits.

Refusing to let innovators experiment in a permissive environment keeps regulators in the dark, and ultimately, prevents progress in financial services.

A group of online consumer loans that were packaged into bonds is going bad faster than lenders and bond underwriters had expected, the latest sign that some startups that aimed to revolutionize the banking industry underestimated the risk they were taking.

Little Bank in Kinston, N.C., has agreed to buy its first bank. It will pay $30.7 million, or $11.94 a share, for the $298 million-asset Union Banc in Oxford, N.C.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Apple Pay adds support for charities; blockchain transfers reach southeast Asia; PwC builds closed loop virtual currency; India's new currency has a new design.

American Banker is pleased to bring you Breaking Banks, hosted by Brett King, and featuring the editors of American Banker.

The founder of Sterling Bancshares in Poplar Bluff, Mo., has resigned a month after he being placed on administrative leave.