The Latest
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Indiana banks to merge in $33M deal
The transaction, expected to close in the first half of 2027, would expand First Harrison’s footprint across southern Indiana and western Kentucky.
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Midterm results may curb bank-friendly legislation, analysts say
Democratic control “hurts the direction of travel in the bank space,” TD Securities analysts said in a note Wednesday.
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Banks should play up human touch to stand out in AI era: fintech CEO
The human channel “is the biggest moat or the biggest differentiator the banks have” versus large language models and AI agents, said the chief executive of Personetics.
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Key to buy private capital adviser in boost to investment bank
Atlantic-Pacific Capital would give the Cleveland-based lender incremental platform expansion as it targets $1 billion in annual investment banking revenue, an analyst noted.
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OppFi withdraws regulatory applications to buy bank
The subprime lender’s CEO said the agreement to buy BNC National Bank “remains in effect.” But he cited a “lack of clearly articulated standards” from regulators.
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Truist expands merchant tools to boost value
The super-regional rolled out a faster onboarding experience and added insights for business owners, said Chris Ward, head of enterprise payments.
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Bilt tackles sports loyalty with $300M deal
The rent-rewards platform aims to stretch beyond housing payments and credit cards with an acquisition of Lava, a technology firm that focuses on sports loyalty.
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Mortgage business expansion killed Tioga-Franklin: FDIC OIG
“The bank’s condition deteriorated due to weak earnings which led to liquidity and capital issues,” the FDIC’s Office of the Inspector General said Friday.
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FDIC amends directive against Old Glory Bank
The regulator deemed the bank “adequately capitalized” last week after applying a more severe label in August. A special-purpose acquisition of the bank had fallen apart earlier this summer.
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Retrieved from City National Bank on October 30, 2026
City National private bank plays up RBC tie
The Los Angeles-based subsidiary of the Canadian lender is staffing up and “amplifying” RBC’s brand to grow its private bank business, an executive said.
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Warren urges DOJ to probe BofA’s AML issues
Weeks after three financial regulators fined Bank of America $1.21 billion, Sen. Elizabeth Warren wants to know if criminal charges are coming.
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Retrieved from Wikimedia Commons.
ColumnDive Deposits: Black-owned bank repeatedly rebuffs offer from upstart
Triad Business Bank has sent Black-owned M&F four proposals aimed at keeping the lender in North Carolina, with its charter and minority depository institution status intact. Shareholders vote Nov. 4.
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U.S. Bank risk chief heads to Amex
The executive shuffle comes at a pivotal time for Amex, which was hit this month with regulator penalties over anti-money laundering compliance failures.
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Bank of America plants its flag in Wisconsin
The Charlotte, North Carolina-based bank’s first Wisconsin retail branch opened Wednesday. BofA plans to open branches in Alabama and Louisiana next year.
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Elavon CEO: Trust, not speed, will rule in agentic commerce
Safety and soundness are paramount as the agentic commerce trend unfurls, and mobile wallet Paze is “ready to do pilots,” said Wally Mlynarski, CEO of the U.S. Bank subsidiary.
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Smaller AI models help Bank of America, Capital One manage costs
Limiting excessive frontier model use makes financial sense, executives at the Evident AI Symposium said.
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Galaxy Digital applies for OCC charter
A national trust charter would let the company offer digital asset custody, trading staking and fiduciary investment advisory services under a single federal framework, Galaxy CEO Mike Novogratz said.
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UMB to buy California bank for $506M
Additional M&A isn’t off the table while the Missouri lender absorbs El Dorado Savings Bank, CEO Mariner Kemper said, but he’s not interested in a purchase that would involve giving up board seats.
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Bluevine, Valley Bank execs talk integration approach
Bank M&A has “a rhythm and a routine that's very well known,” Valley COO Russ Barrett said. But the bank’s Bluevine deal has “unique dimensions that are very different than a bank acquisition.”
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Virginia lender First Community to expand into Ohio with $243M deal
The acquisition of Main Street Financial Services Corp., set to close in the second quarter of 2027, will add 21 branches to First Community’s footprint, along with $1.6 billion in assets.
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Renasant to boost Memphis presence with $142M deal
Buying Commercial Bank & Trust would give Renasant nine added branches in Tennessee and access to a trust and wealth franchise that manages $1.2 billion in assets.
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PNC CEO: AI will change the M&A landscape
For the next few years, Bill Demchak’s eyes are trained far away from mergers and acquisitions, and strongly on PNC’s artificial intelligence growth plans, which he said will cost “hundreds of millions to save billions.”
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Ripple gets OCC’s unconditional charter approval
The fintech is building on its charter victory by announcing expanded partnerships with BNY and Robinhood.
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Piermont CEO: Discipline with fintech clients is key
Wendy Cai-Lee, also the New York-based bank’s founder, said “time will tell” whether newly chartered entities can withstand examination scrutiny.
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Citi targets deeper client ties with savings rate boost
“We’re trying to reward behavior clients are already doing – investing or banking – but not always with us,” Kate Luft, Citi’s head of retail banking, said in an interview.