Another tiny credit union is being absorbed by its much larger counterpart in the ongoing consolidation of the industry.

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.

United will pay $130 million for NLFC Holdings, the parent company of Navitas Credit.

The merger of Parker Community Credit Union into Educators Credit Union was approved in August 2017 and will go into effect on Jan. 8.

Banks, especially smaller institutions, will be forced to find more ways to differentiate, Bryan Jordan said in an interview that also covered his company's recent purchase of Capital Bank and how tax reform will immediately stimulate the economy.

The company sold securities in the fourth quarter to stay below $10 billion in assets and avoid a cap on interchange fees.

The payments industry is getting pulled in two directions, as technology and e-commerce promise a borderless future for transactions while political forces apply the brakes.

Commercial customers, including small businesses, seem ready to pay up to shift to faster, more sophisticated electronic invoicing and payments, and enterprising banks that provide them the technology to do so could find it lucrative.

After a year of trying to appease U.S. regulators, Ant Financial and MoneyGram have terminated their merger agreement, challenging the Chinese company's strategy for global expansion.

Acquirers announced deals in California, Missouri and Pennsylvania on the last business day of 2017, raising the year's final tally to 245 transactions.

My Choice FCU had assets of just $1.5 million, compared to the $3.7 billion assets held by Tinker FCU.

State and federal regulators finally approved the Mississippi bank’s acquisitions of Ouachita Bancshares and Central Community after anti-laundering and CRA matters were resolved. BancorpSouth’s CEO says he may pursue more deals.

The energy crisis, hurricane damage and merger costs have hampered earnings per share at the Louisiana bank. Its CEO has to clear those hurdles and convince investors steady growth is ahead.

The company will gain four Chicago-area branches as part of the $41 million all-cash acquisition for the parent of ABC Bank.

Bank M&A started off with a bang this year, with eight of the 10 biggest deals taking place in the first six months. North Carolina and Florida accounted for six deals on the list.

We never promised the news would be good for all these community bankers, and it wasn’t. One couldn’t stop a failure, and another quit soon after an acquisition. The rest have their banks at different points on the comeback trail.

The acquisition will give LCNB its first branch and deposits in the Columbus, Ohio, market.

The wealth management firm Boston Private has agreed to sell Anchor Capital Advisors to Anchor’s management team.

Small Michigan CU will merge into BlueOx Credit Union of Battle Creek.

Heritage Commerce will pay $32 million for Tri-Valley in a deal that should be accretive to tangible book value and earnings.