Banking

An Ogan-led effort to overhaul the bank's retail strategy yielded a better-than-expected increase in consumer and business deposits and improvements in cross-selling.

Reissman joined Seacoast in 2014 and led several departments before being promoted to chief marketing officer last year.

The nation’s largest mortgage lender plans to use a new partnership with the financial technology company AutoFi to sell more cars to its home loan customers.

Western Union, the world’s largest money-transfer provider, will soon test banking products for its customers.

The digital-only bank has adopted machine learning to process loans faster, more accurately and with better fraud detection than in the past.

Most executives are comfortable crossing over $1 billion of assets, where more frequent exams are the biggest supervisory change. But few are eager to take on the compliance burdens that accompany the jump above $10 billion.

Smaller lenders have proved more aggressive than their larger rivals in making new loans during the farm country rebound. Market watchers warn that the price boom may not last.

The National Credit Union Administration approved the creation of Maun Federal Credit Union, which will serve members of the state's Islamic community.

The Paycheck Protection Program has about $8 billion remaining, with those funds earmarked for community development financial institutions, minority depository institutions and other mission-driven lenders.

The Arkansas company will gain branches around Nashville as part of the acquisition.

The company agreed to pay $104 million for a one-branch bank with $391 million of assets.

The bank told its U.S. employees to be ready to return by June 14, June 21 in the U.K.; the SBA is no longer taking applications for the small-business lending program.

More than a year into the pandemic, with the U.S. economy improving and consumers having paid down debt, bankers are finally loosening the reins in auto lending and credit cards.

The "as a service" model cuts costs and streamlines deployment of new card programs and technology, says Zeta's Bhavin Turakhia.

Lenders including Howard Bancorp and First Carolina Bank are shunning acquisitions as a route into new markets, to avoid overpaying for targets and inheriting potential loan problems.

Challenger banks like Spiral and Greenwood Financial make charitable giving easy through their apps to build stronger relationships with socially conscious customers.

The company, once known as Southern National Bancorp of Virginia, plans to launch the as-yet-unnamed platform by the end of this year.

Cordray, named this week to lead the Education Department's office of federal student aid, cracked down on banks, student loan servicers and for-profit colleges when he was director of the Consumer Financial Protection Bureau.

The National Association of State Credit Union Supervisors has started a national search to replace President and CEO Lucy Ito.

The specialty lender provides leases for preowned Ferraris, Porsches, McLarens, Lamborghinis and other luxury cars.