Branch banking

MUFG Union Bank is launching PurePoint Financial, a largely online savings bank that will still offer opportunities for face-to-face interaction.

The move will more than double the size of Eldorado's branch network, while allowing MidCountry to exit the market.

More and more banks are using advanced geographic information systems to help make decisions around branch consolidation, lending in low-income communities, monitoring fraud and even deploying talent.

In a first for the Aloha State, two CUs there have entered into a branch-sharing agreement.

The Senate voted 53-47 to approve Steven Mnuchin as Treasury secretary; customers will soon be able to access cash at ATMs using their cellphones

The Florida company, which hit an aggressive profit goal last year, is planning its first investor day later this month to outline longer-term goals.

Rogue Credit Union is growing rapidly, but insists it is not pursuing growth.

Community banks should jump at the chance to show consumers and policymakers how different they are from big banks.

Longtime TCF Chairman and CEO Bill Cooper, who died Tuesday at the age of 73, is being remembered as an innovator who never forgot where he came from.

The company will continue its push into select, economically attractive areas as it continues to scale back its branch count elsewhere.

First Busey plans to close the $236 million cash-and-stock acquisition by the middle of this year.

Traditional banks may need to think twice about putting off higher rates on CDs and other deposit products. That’s because freer-spending online banks are adding deposits faster than they are, and more Fed rate hikes are expected to fuel that trend.

They are not a number to be pushed through an algorithm. They are people, each with unique goals and stories.

Over the last five years, the credit union also saw a 66% rise in membership, 204% increase in auto loans and a 26% uptick in real estate loans.

United continues to extend a far-flung operation that includes branches in Chicago, Denver and Florida.

The American Bankers Association has added a feature to its national crime database to help banks monitor and analyze ATM skimming.

Spark ATM expects the deal will help expand services offered to local banks and retailers in South Africa and other markets in the region.

So-called branch experts may recommend aggressive sales techniques, but the most successful sales teams talk the least about the bank’s products and services.

Webster Financial was unable to hit its loan and deposit goals in Boston last year as it prioritized relationship building over cut-rate pricing.

The company said it could use proceeds for repaying debt and acquisitions, among other things.