The appointment of Mung Chiang should lead to more robust oversight, sharper questions and overall stronger corporate governance, First Merchants CEO Mark Hardwick said.

Albuquerque-based One Hope Financial Institution will focus on small-business owners who have been historically excluded from traditional banking services.

Adelphi Bank in Columbus was given the green light by the Federal Deposit Insurance Corp. to open.

Primis Financial in McLean believes its multimillion-dollar investment in a subsidiary that makes online loans to doctors, dentists and veterinarians will begin paying off this year, after build-out costs weighed on the bottom line in 2021 and 2022.

A senior regulator writes that the ongoing review of the system will lead to changes, rather than an embrace of the status quo.

Bank executives are slowing their momentum across commercial and consumer lending segments, a Federal Reserve report finds. Many still expect growth this year, but not as much as in 2022.

Thomas Zernick will become chief executive of the Florida bank when Anthony Leo retires at the start of 2024.

Executives cited uncertainty created by surging interest rates, heightened regulatory scrutiny and the potential for a recession.

The minority depository institution largely caters to Mexicans in the U.S. Their trust in smartphones and distrust of traditional banking has influenced its approach to developing digital tools.

LevelField CEO Gene Grant says its strategy for merging with Burling Bank is super-conservative, despite an intention to serve the digital-asset community. "We've taken everything out of the business plan" that might give regulators pause, he says.