Coordinated strikes by dock workers along the Eastern Seaboard and the Gulf Coast could cause issues for banks that provide credit to foreign shipping groups and domestic trucking companies.

The $3.4 billion-asset organization based in Phoenix said it would acquire 1st Bank Yuma in the record-setting 17th deal of 2024 involving a credit union buying a bank.

As political campaigns become more expensive and more complicated, meet the banks that have become the preferred financial institutions for the Republican and Democratic parties.

The top five credit unions on this list have more than $36 billion in unsecured card loans and lines of credit.

The top five credit unions have combined first mortgage loans and lines of credit of more than $104 billion as of June 30.

Multiple lenders recruited and promoted from within to fill leadership posts. Orrstown Financial Services disclosed the retirement of its planned CEO successor.

The Chicago-based bank said it would acquire First Security Bancorp in Elmwood Park. The transaction would push it close to $10 billion of assets.

The change, one among several at the firm's top, follows on a year that executives have deemed one of the firm's most difficult in decades.

Banks in the hurricane's path are focused on finding employees and restarting operations. Those that do business in Western North Carolina are facing an especially grueling recovery.

Citigroup, First National Bank and Marqeta headlined some of the biggest changes in executive leadership in the banking, fintech and payments industries.

In September's roundup of top banking news: Check fraud goes viral at JPMorgan Chase, Truist Financial resets its tangible common equity target, Wells Fargo faces new AML woes and more.

An American Bankers Association panel of forecasters predicted slower growth, but it said the U.S. economy would likely avoid a recession, sparing lenders deep credit quality woes.

Blue Hill Advisors and former Bank of Hawaii CEO Landon up their per-share cash offer to buy Territorial Bancorp; Montreal-based payments firm Lightspeed Commerce puts itself on the market; Societe Generale hires ex-UBS banker Jansen as the bank's West Coast co-head; and more in this week's banking news roundup.

Dealmakers say the Federal Reserve's decision to reduce interest rates this month will lower borrowing costs and support banks' credit quality, making it easier for buyers to assess sellers' balance sheets and agree on sale terms.

The San Francisco-based bank has submitted a third-party review of its risk and control overhauls for the central bank's analysis and sign-off, according to people familiar with the matter.

Between the Federal Reserve's half-percent interest-rate cut, and Warren Buffett slowing the gradual sale of his stake in Bank of America, here are key market moves to know.

Mifflinburg Bancorp and Northumberland Bancorp would combine to create a $1.3 billion-asset bank in the Susquehanna Valley market.

Berkshire Hathaway's stake in BofA is now 10.5%.

Federal Reserve Gov. Michelle Bowman said a lack of banking experience among regulatory officials has led to unintended consequences. She flagged mergers, fintech partnerships and liquidity proposals as prime examples.

The Biden-Harris administration's approach to medical debt reduction is well-intentioned, but counterproductive. There are better ways to reform the system and maintain patients' dignity.