Practice management

Outages last week at Chime and Varo Money have executives on the defensive.

The Tennessee company has agreed to buy First Advantage, which specializes in financing manufactured housing purchases.

Credit unions have achieved success in areas like auto and consumer loans but there is still room for them to increase their home lending.

Recent years have seen a transformation in credit-card customer acquisition. This report explores how consumers are interacting with the new expanse of marketing and acquisition channels and examines where opportunities and threats to issuers may lie.

Centreville Bank will pay $116 million in cash for PB Bancorp.

The Flint, Mich.-based institution has selected an executive with expertise in fraud prevention and law to take the helm following CEO Marilyn Reno's retirement.

The company agreed to buy Steuben Trust for $107 million.

The $32 million merger will create a bank with nearly $1 billion in assets.

A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, the consultancy said in its annual review of the industry released this week.

Credit Union of America has given some executives additional roles while other institutions have announced new hires and promotions.

The new CEO is the first outsider to head the scandal-ridden bank in decades; Facebook CEO faces the House Financial Services Committee on Wednesday to discuss Libra.

The credit card lender responded to the closing of Toys R Us stores last year by issuing Synchrony-branded cards to the retailer's customers. Now it's testing a general-purpose card with a wider array of clients.

TruMark Financial Credit Union raised money for financial literacy with a kiss-a-pig event while other institutions donated to causes such as a food program.

Santander Consumer is planning to attract online deposits via a national platform that could rival Goldman Sachs’s Marcus; HSBC is now in retrenchment mode after aiming for growth.

Count Citizens Financial’s Bruce Van Saun among those who think interest rate cuts could halt by mid-2020. The key, he says, is to focus on delivering services customers are willing to pay fees for and to skillfully reprice deposits until then.

Dort Federal Credit Union provided a free meal to all of its branch employees for CU Lunch Local while other institutions served their communities in other ways.

Zachary Wasserman will succeed Mac McCullough, who is retiring at the end the year.

Tom Lopp will succeed Gary Judd at the end of November.

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions.

The Gainesville, Fla.-based institution has a new TIP charter granting membership privileges throughout Florida, but no new branches are currently planned.