Deposits

On Sep. 30, 2018. Dollars in thousands.

Amid rising rates and a surge in lending, credit unions will need to find additional sources of deposits to fund growth.

The agency’s rate cap for banks that are less than well capitalized contains several flaws and poses problems for community banks.

Branch acquisitions, once a popular way to scale up in new markets, have started to go by the wayside in the digital age.

The fintech Robinhood did not contact the Securities Investor Protection Corp. to discuss protection for deposits, according to SIPC CEO Stephen Harbeck.

The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.

Nearly 60% of people thinking about switching banks would be open to banking with a big tech company if they ever get that option. Cash incentives or existing savings accounts are big factors in consumer decisions — and things that banks could keep in mind in their efforts to recruit or retain customers.

It’s still primarily a commercial bank, but the branding campaign — CIT’s first in a dozen years — is designed to appeal to the group driving its torrid deposit growth: retail savers.

On Jun. 30, 2018. Dollars in thousands.

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