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.

The New York company formed the nationwide group after hiring a team of former Square 1 bankers.

The New Jersey company agreed to buy BoeFly, which connects franchisors, small businesses, lenders and loan brokers.

The company could use its share of proceeds from the IPO to repay debt and pursue bank acquisitions.

Lenders in South Florida are making tech upgrades and building scale to contend with bigger banks squeezing the market.

In a roundtable discussion, the heads of four banks called on Congress to move on CRA modernization and address the cannabis conundrum, while dismissing arguments that midsize banks need to merge to stay competitive.

Organizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.

The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.

In 2016, a big-bank consortium said that it would charge the same prices to all institutions, regardless of their size. But now the group has added a large caveat to that pledge.