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The financial services industry and community reinvestment advocates both praised the Treasury Department’s recommendations for reforming Community Reinvestment Act enforcement.
April 3
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The $356 million-asset Bridgewater Credit Union plans to merge into $596 million Merrimack Valley Credit Union in the summer of 2018, pending regulatory approval.
March 2
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The Charlotte, N.C., company will open 500 new branches and hire 5,400 employees as it continues to expand in midsize cities across the country.
February 26
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The Justice Department required the sales before signing off on MainSource's pending sale to First Financial in Cincinnati.
February 13
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Capital One has been rolling out coffee shops where it can offer banking services — but are not considered branches. The cafes have been especially effective at gathering deposits, putting more pressure on community banks that have already been losing deposits to their larger rivals.
February 8
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The $269 million credit union will now serve York County in addition to Cumberland County
February 5
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Bank of America has signed leases on its first three branches in the Steel City, part of its retail business' expansion into new markets.
January 29
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The company more than doubled the total number of transactions it performed for credit unions in 2016, driven in large part by its acquisition of TMG in April
January 29
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A plan by the largest U.S. bank to use part of its tax windfall to enter new markets (including Washington and Boston) could become a serious threat for banks of all sizes in those cities — or looked backed upon someday as a pricey overexpansion.
January 23
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Bank of America has opened a flagship branch downtown and plans several so-called robo branches across the city. It has used a similar strategy to enter new markets in the past year.
January 11
