Industry groups are adamant that regulators must make it easier for banks to merge in order to compete with nonbanks, while consumer advocates say bank mergers are too easy and hurt the consumer beyond raising the price of credit.

Citigroup changed course on holding Wednesday’s investor day meeting in person after two members of senior management, Chief Financial Officer Mark Mason and Paco Ybarra, head of the bank’s institutional clients group, tested positive for COVID-19. 

The $13.4 billion agreement would create a top-six bank in the U.S. by assets and give Toronto-Dominion a large presence in Tennessee and a deeper foothold in the region.

Amid Russia’s invasion of its neighbor, cybersecurity officials are warning about the potential for an unconstrained cyberattack on targets in Ukraine to spread around the globe.

The Boston-area mutual has agreed to acquire Patriot Community Bank, a single-branch lender based in Woburn, Massachusetts.

Following the departure of longtime chairman and CEO Dan Sheehan, the company has chosen Abel Iglesias, president of Professional’s bank subsidiary, as the new CEO. Meanwhile, director Herbert Martens has become nonexecutive chairman.

The $1.6 billion-asset institution says it has simply outgrown its old moniker.

The M&A surge promises to improve the services fintechs offer to many banks. But it's also creating a new class of full-service competitors.

The Federal Reserve and the FDIC are weighing changes to their policies for reviewing mergers and acquisitions, and that’s creating a sense of urgency among bankers to cinch deals now.

Buying BT Holdings in Texas will take the Louisiana bank close to the size where it would face increased regulatory scrutiny and a reduction in interchange revenue.

Cheryl DeBoer will step down in early 2023 as president and CEO of the $2.7 billion-asset credit union, which has not yet named a successor.

The $2.3 trillion-asset company plans to scrap the charges by this summer. It joins Capital One and Ally in doing away with the fees, which face pressure from Biden-era regulators.

The Houston bank negotiated the agreement with the National Community Reinvestment Coalition after closing its merger with BancorpSouth. That deal created a lender with $50 billion of assets and operations in nine states.

Citigroup is calling vaccinated staff in the U.S. back to the office for at least two days a week starting the week of March 21, according to the New York-based bank’s head of human resources.

Bank of America is investing $2 million and working with the organization ArtLifting to display artwork at almost 100 financial centers across the U.S., eventually expanding to 900.

New England Federal Credit Union, the largest financial institution headquartered in the Green Mountain State, is combining with Vermont State Employees Credit Union to create an organization with $3 billion of assets.

With its $1.1 billion deal for Technisys, the onetime student-loan refinancer adds a banking-core software arm as it pushes beyond deposits and lending.

Karen Church, who became chief executive in 1993, will step down on Feb. 25.

The Los Angeles bank did not explain what it is investigating. It announced record annual earnings of $56.9 million in January, but news of the investigation and the uncertainty around CEO Alan Thian sent its stock price downward by 15%.

In the year's first instance of a credit union buying a bank, Georgia’s Own Credit Union in Atlanta has agreed to acquire nearby Vinings Bank. The Peach State is home to more than 300 banks, making it ripe for such deals.