The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

The company would also gain a branch near Dallas with the proposed acquisition.

As part of American Banker's Most Powerful Women in Banking and Finance program, we have selected five “Top Teams” for 2020. Howard Bancorp is one of the team honorees.

The bank has agreed to pay $158 million for Standard AVB Financial, which has 17 branches in Pennsylvania.

The moves are intended to offset a protracted period of historically low interest rates and expectations of higher credit costs in 2021.

A deal between Dime Community and Bridge Bancorp was delayed, and nearly derailed, by the coronavirus outbreak. Here’s how the two sides kept it on track.

The company, which expressed concerns about the validity of some of the loans it bought, renegotiated a lower price and protections from the seller involved in the deal.

New Enterprise Bank would focus on venture capital and private equity firms that are involved in investment between China and the San Francisco area.

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending.

Partnering with the account-opening software firm Mantl, the New Jersey bank created a CD campaign that helped fund its Paycheck Protection Program lending.

The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs.

Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended.

The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.

A collaboration between the two industries to help voters cast absentee ballots has been approved to continue through the general election.

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.

Small and midsize banks would pay for access to the Monit app and offer it to small-business clients as an add-on service.

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

The agency finally detailed how it may implement congressional requirements to collect information on credit to small businesses. Lenders below certain asset thresholds and that make few business loans could be off the hook.

The company joins a growing list of banks shuttering locations as customers flock to digital channels.