⁠John Corbett says building scale, lowering costs and strengthening technology offerings have become more critical for banks to stay competitive.

Kennebec Savings Bank will have $1.3 billion in assets after it absorbs Kennebec Federal Savings and Loan Association of Waterville.

Members of Standard Register Federal Credit Union are expected to vote on the proposed merger into Pathways Financial Credit Union in August.

Delmarva Bancshares, which was on the brink of failure during the financial crisis, will be sold to BV Financial for $54 million.

A proposal from the credit union regulator was criticized for being needlessly complex and not requiring enough transparency.

The Los Angeles company said Commerce Mortgage, founded by former bank CEO Steven Sugarman, wasn't a shareholder by the record date for its annual meeting, even though the firm reported a 9.7% stake earlier this year.

Square has added fuel to its growing Cash transfer service by agreeing to buy Verse, a Spanish P2P app.

The Michigan institution's asset base increased substantially in 2019 thanks to a merger but has continued to grow in 2020.

The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in too short a time span. This time around, Gordon will take a more methodical approach.

Fed Chair Jerome Powell will address lawmakers twice this week while the Supreme Court could come out with a long-awaited ruling on the Consumer Financial Protection Bureau.