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.

The bank, which is beleaguered by digital-asset portfolio forced loan charge-offs that led to a loss in the third quarter and for the full year, climbed to a net income of $2.7 million for the fourth quarter.

As companies downsize and restructure, American Banker is tracking these decisions to help our readers understand how their industries are adapting.

The Radnor, Pennsylvania-based financial technology company made an unsuccessful bid to buy a bank. Now it is shifting into expense-reduction mode.

Famous for his hand-typed "Guenther-gram" messages, the longtime Independent Community Bankers of America CEO played a critical role in boosting the trade group's political clout after it moved to Washington from Sauk Centre, Minnesota, in 1982.