The Latest
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Anna Hrushka/Banking Dive
California’s Nano Banc fails
Sunwest Bank acquired most of the assets, deposits and loans from the long-troubled bank. Nano is the sixth U.S. bank to collapse in 2026.
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Sponsored by ValuedynamxWho’s winning the loyalty game in financial services? It’s complicated.
Loyalty isn't won by being a bank or a fintech. It's won by showing up every day instead of once a quarter.
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FDIC clamps down on ‘significantly undercapitalized’ Old Glory Bank
Old Glory’s latest call report showed the bank’s leverage ratio was 2.69%. The bank failed to respond to a notice of intent that regulators would issue a directive for prompt corrective action, the FDIC said.
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Capital One’s agentic AI strategy hinges on data, platform-first mindset
Proper data context and guardrails are key to deploying AI agents at scale, said Rashmi Shetty, the bank's vice president of enterprise artificial intelligence.
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Retrieved from OCC.
Mission Lane gets green light for OCC charter
The fintech has received conditional approval to form the first new credit card bank regulated by the Office of the Comptroller of the Currency in more than 20 years, a consultant said.
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Michigan credit union CEO is out after ‘Lake America’ blowback
The executive privately posted an AI-altered photo of family members wearing “Lake America” sweatshirts while headed to Canada for vacation. A public repost – without the AI label – went viral.
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Retrieved from Huntington on September 25, 2026
Q&AHuntington unites marketing, digital in a push for growth
Former USAA executive Ameesh Vakharia has been tasked with aligning the regional bank’s brand experience with its digital product delivery. “We can't have marketing buzzwords or campaigns that don't manifest,” he said.
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Fed proposes stablecoin rules
In a statement issued alongside proposed rules, Fed Gov. Michael Barr said stablecoins “will only be stable if they can be reliably and promptly redeemed at par in a range of conditions.”
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Wells Fargo names COO Scott Powell as next risk chief
Chief Risk Officer Derek Flowers will retire from Wells Fargo in mid-January, and Powell will transition to that role, the bank said.
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BofA battles for talent as business banker hiring surges
Bank of America's Sharon Miller says competitors recognize business owners as a fountain of leads for cross-selling opportunities and are chasing that business, too.
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WestStar stretches New Mexico presence with Southwest Capital deal
The transaction, set to close in the first quarter of 2027, gives Southwest Capital a landing spot after a previous tie-up with a credit union collapsed.
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Caitlin Mullen/Banking Dive
Bank of America plans to double AI budget next year
The bank’s co-president Wednesday pointed to “clearly identifiable” gains from AI, as questions swirl around how soon returns on investment will be seen.
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ColumnDive Deposits: The NCUA is not the Fed, DOJ says
An appeals court should reverse the reinstatement of two fired NCUA board members because the law doesn’t explicitly forbid the president from ousting them, the Justice Department argued.
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Fintech Avant applies for OCC charter
A charter from the Office of the Comptroller of the Currency would allow the Chicago-based fintech to expand its credit products, diversify beyond them, and reduce its cost of funds, the CEO said.
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Florida de novo opens its doors
The $43 million raised from local investors “demonstrated how much the community was needing this,” Portrait Bank founder and CEO Erik Weiner said.
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Alamy
Ally bets on loyalty perks to boost consumer bank strategy
The digital lender aims to drive relevancy with customers’ everyday spending through the addition of a rewards program, Ally’s president of consumer banking said.
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Boston’s Beacon names next CEO a year after merger
Sean Gray served as chief operating officer at Beacon and as president and COO of predecessor Berkshire Bank. Beacon CEO Paul Perrault retired Monday.
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Permission granted by Adyen
Adyen snaps up Klarna CFO
Niclas Neglén will begin at the Dutch payments processing firm Feb. 1. The move gives Adyen a permanent successor to Ethan Tandowsky, the company’s previous CFO, who left Aug. 31.
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Permission granted by Office of the Comptroller of the Currency
OCC conditionally approves 3 national trust charters
Bastion Platforms Trust Co., Agora National Trust Bank and Catena Trust Bank applied for charters in March, April and May, respectively.
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Mario Tama / Staff via Getty Images
New Orleans de novo aims to challenge bigger-bank dominance
Nola Bank is Louisiana’s first new lender since 2010 and is pursuing minority depository institution status, executives said.
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ColumnDive Deposits: Barclays employees, union push back on RTO clampdown
A workers union wants exemptions and/or a one-off payment for employees with long commutes and those who provide long-term care. The bank is requiring U.K.-based staff to come in three days a week.
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3 takeaways from stress test changes and a new SVB review
Fed Vice Chair for Supervision Michelle Bowman outlined three potential changes to stress-test calculations and an assessment of the central bank’s performance amid the 2023 collapse of Silicon Valley Bank.
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FDIC’s Hill pushes faster merger review process
One element of the proposal would allow some acquisitions to be processed in as few as five days. The agency also proposed a rule intended to reinforce parity between state-chartered and national banks.
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Synapse victims look to small-claims court
The Consumer Financial Protection Bureau has allocated more funds to repay fintech users harmed in the Synapse crisis. But there’s no timeline for when that money would be disbursed.
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State regulators float AI framework for banks, examiners
The Conference of State Bank Supervisors issued discretionary guidance that proposes eight questions examiners should consider and three tiers of risk banks face by using artificial intelligence.
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PNC, Regions, Citizens execs eschew M&A ‘distraction’
Executives at regional lenders cited AI priorities, systems conversions and strategic initiatives as reasons to avoid pursuing deals despite regulatory tailwinds.
