Financial institutions

Scottsdale Community Bank's organizers took advantage of a state law letting them raise capital months before seeking deposit insurance.

Readers react to Sen. Warren's call for banks to fund her Medicare plan, a proposal requiring big-bank CEOs to testify before Congress, federal regulators lacking Trump appointees on their board and more.

If the no-premium agreement announced by First Horizon and Iberiabank this week is a sign that sellers’ asking prices will come down, then Regions might reconsider its anti-M&A stance, a company executive said.

Chief Executive Officer Charlie Scharf plans to name Bill Daley, the former White House chief of staff, to a senior post to improve relations with authorities in Washington, according to people with knowledge of the plan.

More details have surfaced about Interactive Brokers' planned bank. It would accept deposits and originate loans through an online channel only, its application says.

The National Credit Union Administration approved a rule expanding institutions' access to nonmember deposits, but observers say it's unlikely to lead to a massive influx of new funding – at least for now.  

While layoffs at big banks get the headlines, small and midsize lenders are also trimming payrolls in response to lower rates and fears that a recession is getting closer.

Don Kimble assured investors Wednesday that the bank is being "very diligent" in lending to an industry some experts say is already in a recession. Echoing other banking executives, he also predicted that consumer lending would drive overall loan growth in the near term.

Ralph Babb had stepped down as CEO in April. Curtis Farmer, who succeeded him as chief executive, will assume the chairman's title starting next year.

Banco Santander Chairman Ana Botin said that more than a decade after the financial crisis, bankers and other elites remain distrusted around the world, and "as a result, political populism is ascendant."

A group affiliated with Interactive Brokers Group has filed an application with the FDIC to form Interactive Bank.

First Horizon and Iberiabank solidified their resolve after BB&T and SunTrust announced their merger. Bryan Jordan, First Horizon's CEO, says he's convinced the earlier deal is having a similar influence at other regional banks.

The proposed Verdigris Bank would rely heavily on technology, applicants say.

If elected president, Sen. Elizabeth Warren would charge large banks a fee to help pay for her Medicare-for-all plan.

Year to date through Jun. 30, 2019. Dollars in thousands.

Full-time equivalent, as of Jun. 30, 2019. Dollars in thousands.

Year to date through Jun. 30, 2019. Dollars in thousands.

The deal will create a Southeastern regional with $75 billion in assets across 11 states.

Taking a page from fintech competitors, banks have worked to enrich the small-business app experience.

The San Antonio company said it withstood rate pressures because it has been ahead of the game in deposit pricing over the last two years.