The Dutch payment processor has agreed to acquire artificial intelligence-powered fintech biller Orb, its second acquisition in three months in an effort to speed development.

City National Bank appointed longtime executive David Cameron as chief operating officer; JPMorganChase is selling a limited-edition Lego version of its new midtown Manhattan headquarters; Esquire Financial Holdings received regulatory approval to complete its acquisition of Signature Bank in Chicago; and more.

CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.

The megabank has completed the sale of its consumer banking business in Poland. It has now sold 10 retail-focused franchises in certain underperforming, international markets over the past five years.

The blockchain fintech acquired the real estate lender through a joint venture to tokenize housing loans and test its new AI-powered onboarding agent.

Oklahoma City-based BancFirst agreed to pay an undisclosed sum for SpiritBank. The deal comes just seven months after the buyer completed another in-state acquisition.

Rising assessment fees and the fear of punitive actions under newly installed state regulator Rohit Chopra may push some California-chartered banks to switch to a federal overseer, some industry observers say.

Senior executives at the Ohio regional bank say cost savings and revenue synergies from a pair of recent Texas deals could top $500 million.

Cathy Bessant, who was Bank of America's vice chair of global strategy when she retired, is joining Truist's board of directors and will sit on the company's risk committee. Bessant was American Banker's Most Powerful Woman in Banking for three consecutive years.

New Jersey-based Provident Bank promoted Annamaria Vitelli to chief wealth officer and president of the bank's wealth management subsidiary; U.S. Bancorp completed its acquisition of the global investment bank BTIG on June 1; Centier Bank has been honored with the Indiana Bankers Association's Commitment to Community Award; and more in this weeks banking news roundup.

A credit union service organization is buying the division, which includes mortgage services provider QRL, while the seller repositions its home loan business.

The bank tech provider sold off its U.S. mid-market banking business, including a core used by hundreds of U.S. banks, to a branch of Constellation Software.

The megabank promoted Margo Pilic, CEO Jane Fraser's chief of staff since 2021, to a new job that combines bank strategy with investor communications. The promotion was one of several leadership changes announced by the bank.

Valuation experts say RIA purchasers are most attuned to organic sources of growth — assets from new and existing clients. But market gains also play a role.

While bank CEO pay increased across asset sizes last year, the CEOs of the nation's largest banks received the biggest boosts in total direct compensation, according to a study.

The Omaha, Nebraska-based company announced its second purchase of a Kansas City-area bank in just over a year. It plans to keep expanding in the fast-growing market, according to Chairman and President Clark Lauritzen.

Globally, the war had varying impacts on banks' first-quarter provisions, according to a new report. U.S. banks reported limited reserve-building in response to the conflict.

Bank of Nova Scotia agreed to acquire Maple Financial Holdings Inc., which owns a small US commercial bank, as the Canadian firm looks to expand its structured-finance business in the American mortgage industry. 

Since Michael Rhodes became its CEO, Ally Financial has gotten bigger by thinking more narrowly. Instead of growing the company's web of businesses, the company has exited some sectors while doubling down on what Ally does best: auto lending.

Governor Greg Abbott proclaimed Texas the "financial capital of America" at the Texas Bankers Association's annual convention; Columbus, Ohio-based Northwest Bank named Chad Ballard chief information officer; Deutsche Bank terminated some staff as a result of its client relationship with convicted sex offender Jeffrey Epstein; and more in this week's banking news roundup.