Sumitomo Mitsui Banking Corp.'s new consumer-focused digital bank will be born out of its Manufacturers Bank subsidiary — a relatively small commercial bank with nine branches and no consumer business to speak of.

Data as of Jun. 30, 2022. Dollars in thousands.

Data as of Jun. 30, 2022. Dollars in thousands.

The privately held First Missouri Bank has rebranded as Verimore Bank.

Drake Bank in Minnesota is working with the fintech B Generous to test whether installment loans can help bring in larger donations to nonprofits.

The Houston banks have set a new deadline of Nov. 1 to finalize their deal, marking yet example of banks' facing a longer-than-expected decision process by the Federal Reserve. CBTX's chief said last month the wait has been "very frustrating."

Auto loan growth eased substantially in the second quarter amid competitive pressures from credit unions and other lenders.

We can't afford to miss this opportunity to build capacity in community development financial institutions.

Bank lending activity grew at a strong clip in the second quarter and continues to expand. Yet rising interest rates and recession concerns could hamper future growth.

The acquisition of Town and Country Financial would provide the buyer entrance into Springfield and St. Louis Metro East.

HV Bancorp is gaining access to $100 million in fresh funding by agreeing to sell loan participations to MakerDAO, creator of the Dai cryptocurrency.

Staff feedback is crucial to tailoring benefits and designing new workspaces, experts say.

Data as of Jun. 30, 2022. Dollars in thousands.

Data as of Jun. 30, 2022. Dollars in thousands.

Carlos Garcia of Professional Holding Corp. in Coral Gables would serve as CEO of the holding company for Nave Bank, which seeks FDIC approval to be the first federally insured digital bank in Puerto Rico.

The credit union's CEO said a state judge supported the regulatory opposition to its bid to acquire Premier Bank in Omaha, effectively killing the deal.

The seller, Farmers Bankshares, has $609 million of assets and eight branches.

Eagle Bancorp in Bethesda has agreed to pay $22.9 million to regulators to settle claims it failed to report loans totaling $99 million made to founder Ron Paul, who will pay more than $500,000 in fines in addition to being barred from the industry.

Farmers Bank plans to develop new revenue from home loans, despite seeing many bigger lenders flee the same market.

In their public battles over the issue of credit union buyouts of banks, bankers and credit union executives are forgetting to ask some key questions.