The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach.

On Dec. 31, 2018. Dollars in thousands.

On Dec. 31, 2018. Dollars in thousands.

Banks from the North and South are converging on the city, spurred by a spike in deposits and employment numbers that trump national averages.

The Indiana credit union agreed to pay $21.3 million in cash for New Bancorp, which was created when its savings bank converted to a stock-owned company in 2015.

The Oklahoma company will pay $122 million for a bank with three branches in Dallas.

The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions.

SmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium.

The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year.

Entegra Financial, which had a deal to be sold to SmartFinancial, has instead agreed to be sold to First Citizens, which offered more money and will pay a breakup fee for the initial deal.

The Fed board unveiled a proposal Tuesday to standardize how investors owning less than one-quarter of a bank can determine who holds a "controlling" stake and therefore must register as a bank holding company.

Blue Lion Capital, which has been critical of the Seattle company in recent years, has nominated two individuals to become directors.

CEO Kessell Stelling said he thinks about Synovus' depressed stock price daily, even though his team is ahead of schedule cutting costs from a deal that closed in January.

The acquisition also includes $525 million in deposits and $120 million in loans.

Spokane Teachers Credit Union will transfer the assets and liabilities to a nearby branch.

Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront.

The findings of a new survey suggest that banks risk becoming irrelevant unless they match the speedier processes that are a key selling point for online lenders.

While NCUA lawyers fielded questions about the possibility of redlining, a three-judge appeals panel showed skepticism about other elements of the ABA's arguments against changes to credit union membership rules.

The Dallas regional assured analysts that it has ample sources of liquidity to fund its expected loan growth.

MiCommunity Bancorp, which will be Michigan's first new bank since the financial crisis, raised $30 million in initial capital.