The Honolulu-based seller, which plans a Nov. 6 shareholder vote on the deal, posted a third-quarter loss and reiterated its commitment to the Hope agreement. But an offer with a higher price from an investor group is also on the table.

The only major U.S. lender with a significant presence in Lebanon, Citigroup has moved a handful of its staff there to Turkey, according to a person familiar with the matter.

The Bank of New York Mellon and Japan's Mizuho Bank entered an agreement to grant their corporate clients access to the other's international trade network; New York-based lender Kapitus acquired Ten Oaks Commercial Capital; North Carolina's First Carolina Bank agreed to acquire Pennsylvania's BM Technologies; and more in this week's banking news roundup.

The Young Women's Leadership Award grants four $5,000 college scholarships to New York City high school seniors who are first-generation college students.

McQuown is credited with kicking off a financial revolution with the creation of the first index fund.

New York Attorney General Letitia James asked a state court for permission to issue subpoenas to Capital One as part of an ongoing antitrust probe by the state,

The American Banker award ceremony, which celebrated 15 women honorees 40 years or younger nominated for having C-suite potential by an executive at their institutions, took place at The Glasshouse in New York City.

Y-12 Federal Credit Union in Oak Ridge, Tennessee, said it would acquire First State Bank of the Southeast in Middlesboro, Kentucky. It was the 19th such deal announced this year.

Recently polled banking professionals held that Vice President Kamala Harris is the likely front-runner for the White House, but former President Donald Trump would be better for the industry.

Other acquisitive executives, however, say that interest rate cuts have hastened already-active deal discussions, as more banks seek scale and business line diversity.