Following its $2.3 billion IPO, payment processor Nexi made another large deal to scale its merchant services.

The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.

The Tennessee company said Rob Garcia will be in charge of building a commercial banking team in the city.

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.

The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial.

The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division.

The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial.

A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets ⁠to seek out their own deals.

Sen. Elizabeth Warren’s proposal to subject bank deals to greater public scrutiny should instead be addressed through reforms to the Community Reinvestment Act.

Regulators said the living wills of six banks — not Goldman or JPM — need tweaking; the investment values the global business travel unit at $5 billion.

Bangor will pay $35 million in cash to gain branches in five communities.

Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp.

Howard Bancorp is planning a big push in CRE lending, first in its hometown of Baltimore and eventually in Washington.

Traditional acquirers are under severe pressure from the digital payments revolution, challenged to hold onto clients by stitching together legacy systems, existing hardware, mobile, cloud and apps. Those that can harness innovation and find the right startup partners can not only stave off elimination, but drive the next generation of multi-channel shopping and transaction revenue.

BNY Mellon said it plans to accelerate tech spending; a Wells Fargo exec warned banks against ignoring Gen Z customers; the CRA reform proposal was finally released; and more from this week's most-read stories.

Mike Mercer had planed to work as part of the combined League of Southeastern Credit Unions until a least 2023, but recently approached the league's board with an early retirement request.

In many ways, the payments industry resembles the health care business — pulled into the future by rapid digitization and conflict over the role of government.

The company will significantly boost its origination volume after buying 51% of BrandMortgage.

The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.

BB&T and SunTrust showed that big-bank mergers are still possible, but top executives at other large regional banks say that a knee-jerk response would be a mistake.