Commercial
-
Kayla Bartkowski / Staff via Getty Images
OCC nominee Gould aims to ‘shine a spotlight’ on de-banking
“I think too often reputation risk is used as a pre-text for other motives,” Jonathan Gould, an OCC veteran President Donald Trump tapped to lead the agency, told lawmakers at a hearing.
By Caitlin Mullen • March 27, 2025 -
Douglas Rissing via Getty Images
Fed hands Tennessee bank a cease-and-desist order
The central bank identified weaknesses in Frankewing Bancshares’ operations, including its inability to provide financial and managerial support to the bank.
By Rajashree Chakravarty • March 25, 2025 -
Explore the Trendline➔
da-kuk via Getty Images
TrendlineArtificial intelligence
Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?
By Banking Dive staff -
Courtesy of TD
TD close to offloading $9B mortgage portfolio
The sale, set to close at the end of the month, reflects the Canadian lender’s efforts to simplify its portfolio as part of a strategic review, CEO Raymond Chun said Tuesday.
By Caitlin Mullen • March 25, 2025 -
DenisTangneyJr via Getty Images
Patriot National raises $50M, CEO exits
CEO David Lowery will depart the Connecticut-based bank next month. That leaves Steven Sugarman, hired as the bank’s president in January, as its highest-ranking executive.
By Rajashree Chakravarty • March 24, 2025 -
Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
Fed’s Bowman: Let’s rethink negative comment review for bank applications
Commonwealth Business Bank applied to open a branch in New Jersey last September, but one adverse comment routed the application to the central bank’s board for review and vote, the potential supervision czar said.
By Caitlin Mullen • March 24, 2025 -
ipopba via Getty Images
Coastal Community Bank self-identifies material weakness
The Everett, Washington-based company restated its financial reports for 2023 and the first three quarters of 2024. The lender recently inked a partnership with neobank Dave.
By Rajashree Chakravarty • March 20, 2025 -
gahsoon via Getty Images
Bank customers want clearer communication on cybersecurity: survey
Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.
By Caitlin Mullen • March 20, 2025 -
Permission granted by Grasshopper Bank
Grasshopper lines up new executives amid lending push
The $867.5 million-asset digital bank added a slew of new lending executives this week, as the lender seeks to jump off loan growth that's come in part from its embedded finance business.
By Gabrielle Saulsbery • March 19, 2025 -
Bill Pugliano via Getty Images
UK’s OakNorth to acquire Michigan community bank
The London-based digital bank will buy Community Unity Bank to get a U.S.-based charter and gain a toehold among lower mid-market businesses.
By Rajashree Chakravarty • March 19, 2025 -
Atlanta-area banks to combine in $206M deal
MetroCity’s acquisition of crosstown rival First IC, also focused on serving Korean-American businesses, will create a bank with $4.8 billion in assets, the lenders said.
By Dan Ennis • March 19, 2025 -
Creative via Getty Images
Fintech SmartBiz buys Illinois bank
Initially, the fintech considered obtaining its own charter, but decided it made more sense to find a lender open to acquisition that could complement SmartBiz’s strengths, said CEO Evan Singer.
By Caitlin Mullen • March 18, 2025 -
Scott Olson via Getty Images
Northern Trust exec: Crypto rule changes may ease tokenization
Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.
By Gabrielle Saulsbery • March 17, 2025 -
Fed OKs Renasant, EverBank acquisitions
The central bank issued two approvals Friday, allowing two Mississippi banks to merge in a $1.2 billion deal, and EverBank to acquire components of Sterling Bank for $261 million. Both deals are set to close April 1.
By Caitlin Mullen • March 17, 2025 -
LD via Getty Images
Fed drops enforcement action against Lake Shore Savings Bank
The central bank terminated its enforcement action last week, about three months after the Office of the Comptroller of the Currency dropped its consent order against the lender.
By Rajashree Chakravarty • March 14, 2025 -
Webster eyes $100B threshold, invests in hiring and tech
The Connecticut-based bank aims to hire about 200 people this year, including adding about two dozen technology and cybersecurity employees, Webster’s CIO said.
By Caitlin Mullen • March 14, 2025 -
R.M. Nunes via Getty Images
CIBC CEO Victor Dodig to retire in October
Harry Culham, the lender’s capital-markets chief, will succeed Dodig at the helm of Canada’s fifth-largest bank.
By Dan Ennis • March 13, 2025 -
Anna Moneymaker via Getty Images
NYDFS chief details changes spurred by Signature failure
The regulator implemented new escalation protocols and an operational stress testing exercise to keep a closer eye on the “C students” under its watch, Adrienne Harris said Tuesday.
By Caitlin Mullen • March 12, 2025 -
Michael M. Santiago via Getty Images
Wells Fargo sues JPMorgan over $481M CRE loan
JPMorgan failed to conduct due diligence on the commercial real estate loan, then quickly offloaded the risk, “taking home millions of dollars of fees in the process,” Wells asserted.
By Caitlin Mullen • March 11, 2025 -
Spencer Platt via Getty Images
Trump Organization accuses ‘woke’ Capital One of de-banking
The lender de-banked some 300 Trump Organization accounts because it believed “the political tide at the moment favored doing so,” a lawsuit contends. Eric Trump has suggested more big banks may be targeted.
By Caitlin Mullen • March 10, 2025 -
Courtesy of Bank of America
BofA eyes personalization, speedier onboarding for business clients
The team behind the bank’s CashPro platform is making tweaks and enhancements to bring more of the consumer experience to the digital business banking space, a CashPro product executive said.
By Caitlin Mullen • March 6, 2025 -
zhuzhu via Getty Images
LA-based Hope gets regulatory nod to merge with Territorial
Hope Bancorp received regulatory approval less than a year after announcing the deal. The merger is expected to be completed at the beginning of April.
By Rajashree Chakravarty • March 4, 2025 -
Getty Images/Staff via Getty Images
Valley National Bank bolsters its C-suite
The New Jersey-based lender elevated its interim finance chief to CFO and named an M&T Bank veteran as its next commercial bank president.
By Caitlin Mullen • March 3, 2025 -
Robert King via Getty Images
Florida serial acquirer strikes again with $110M deal
Seacoast Banking Corp. seeks to expand its footprint in central Florida by buying Heartland Bancshares in a stock and cash deal.
By Rajashree Chakravarty • Feb. 28, 2025 -
Permission granted by Treasury Prime
KeyBank, Treasury Prime partner on embedded banking
The partnership, targeted at fintechs and institutional clients, will focus on faster revenue generation and simpler technical uplifts.
By Rajashree Chakravarty • Feb. 27, 2025 -
Chansak Joe
Old Second boosts Chicago-area footprint in $197M Evergreen deal
The transaction will allow Old Second to expand into powersports lending. The deal comes six months after the bank agreed to buy five Chicago-area branches from Indiana’s First Merchants Bank.
By Dan Ennis • Feb. 26, 2025
