Industry News
Industry News
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The deal for Michigan-based Flagstar Bancorp, announced in April, was originally expected to be completed by the end of the year. The New York bank’s CEO expressed optimism that it will still get regulatory approval.
October 27 -
The credit union’s agreement to acquire Midwest Community Bank in Illinois follows two other bank deals it announced this year.
October 26 -
Maxwell, a startup that operates an online platform catering to mortgage loan officers and smaller lenders, raised $28.5 million in equity funding from investors led by the venture firm Fin VC and Wells Fargo Strategic Capital.
October 26 -
The upstate New York company, which has agreed to acquire People’s United Financial in Connecticut, is the latest bank to negotiate a multibillion-dollar spending commitment with the National Community Reinvestment Coalition.
October 25 -
PayPal said it isn’t pursuing an acquisition of Pinterest, ending days of speculation over a potential $45 billion deal.
October 25 -
The Alabama company agreed to buy two nonbank lenders earlier this year. It’s still on the lookout for possible deals, potentially in corporate finance or wealth management, its chief financial officer told American Banker.
October 22 -
Goldman Sachs Group is awarding a special bonus to Chief Executive David Solomon just months after docking his pay for the bank’s role in a corruption scandal.
October 22 -
Building on four years of rapid growth in Dallas, Business First expects the acquisition to help it grow into a regional bank.
October 21 -
The auto lender’s acquisition of Fair Square Financial would diversify its consumer product lineup. The pandemic derailed its last effort to buy a card company.
October 21 -
The Florida-based asset management firm has the low-cost deposits TriState Capital needs to fund its rapid loan growth.
October 21 -
The Tennessee company, which reported 1% linked-quarter loan growth, has sought to “protect the integrity of the balance sheet” and has a strong pipeline of commitments.
October 20 -
Though the Providence, Rhode Island, bank is in the midst of three deals, CEO Bruce Van Saun said it remains on the lookout for other nonbank purchases that could help boost fee income and generate cross-selling opportunities.
October 20 -
Goldman Sachs, Truist and Regions have all made deals to acquire home improvement lenders. Here's why their executives are so bullish on the sector.
October 20 -
The Dallas company plans to move aggressively to recruit customers and employees of rival banks involved in mergers that are shaking up the banking landscape in two of its key markets.
October 20 -
PayPal Holdings is exploring an acquisition of the social media company Pinterest, people with knowledge of the matter said.
October 20 -
DBS Group Holdings and Standard Chartered are among the lenders planning to bid for Citigroup consumer banking assets in Asia as the U.S. lender divests units across five markets in the region, according to people familiar with the matter.
October 20 -
The payment company has agreed to buy the India-based reconciliation company in its latest investment in back-office technology for internet businesses.
October 20 -
The Indiana company told investors that it’s ready to complete its combination with First Midwest Bancorp but that it’s unclear whether a recently filed mortgage discrimination lawsuit will get in the way of Fed approval.
October 19 -
American Express will allow employees to work from wherever they want at least four weeks a year as part of the company’s push to offer greater flexibility even after the pandemic subsides.
October 18 -
Bank of America’s largest philanthropic initiative is reaching into new neighborhoods with programs dedicated to community building and leadership training.
October 18





















