Banking

The expansion will give the $416 million-asset institution a deeper reach into southern parts of the state.

Ownership will transfer to DotCoop, which has committed to continuing to develop the domain for industry use.

The lawsuit follows two successful USAA suits against Wells Fargo that claimed infringement of patents.

The company said Todd Brice will retire in March. A search firm will consider internal and external candidates.

The coronavirus outbreak has taught community bankers to think on their feet and experiment. Speakers at an industry conference this week advised their peers to stay innovative to ensure they endure in a changing world.

The bank beat out Barclays to buy the big portfolio from Capital One; banks say they collected $13 billion in fees but spent almost as much setting up and running the small-business program.

With its first branch outside the Northeast U.S., the unit of the Spanish banking giant Banco Santander wants to reach international clients who are familiar with the brand.

Many sectors are concerned about making money in an economic downturn, but those fears are higher in the financial sector, according to a study from Arizent.

The bank contends that the misconduct wasn't widespread, but a whistleblower letter unearthed by the Consumer Financial Protection Bureau points to Chicago as a hotbed of customer abuse. "We are becoming a 'predatory' financial institution," the 2010 letter said.

The former chairman of the National Credit Union Administration will work with the fintech to broaden its reach in the credit union space.

Harvest, a fintech founded by Nami Baral, has developed an alternative scoring method that amasses data on spending patterns, debt payments and even earnings potential to get a better sense of consumers' creditworthiness.

At a time when the industry is focused on serving members and assisting with the economic recovery, executives shouldn't be burdened by a costly new credit loss methodology.

To date, the Small Business Administration hasn’t acted on tens of thousands of applications that lenders have submitted since early August. However, it will begin doing so by early next week, an official says.

Atlantic Community Bankers Bank must improve its anti-money- laundering and Bank Secrecy Act policies and procedures.

The optometrist Benjamin Thayil offers an alternative form of financing for consumers who may be wary of large credit card bills or shocked at the idea of paying for an entire eye treatment all at once.

The company joins a growing list of community banks paring back their networks.

Virginia National and Fauquier Bankshares are planning to create a $1.6 billion-asset company focused on the middle part of the state.

The limits on dividend increases and buybacks have been extended until at least the end of the year; the firm promoted two senior executives that worked with CEO Jed Staley at JPMorgan.

A new initiative from the Minnesota Credit Union Network to help deepen share of wallet is believed to be the first of its kind and could be a model for credit union leagues in other states.