Commercial


  • a skyline view of cleveland, ohio with many buildings and a shoreline of a lake
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    The image by Lisa Chamberlain is licensed under CC BY-SA 2.0
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    Ohio’s First Financial to acquire Westfield Bancorp in $325M deal

    The transaction, set to close in the fourth quarter, would expand the Cincinnati’s bank’s presence in the opposite corner of the Buckeye State.

    By June 24, 2025
  • The Salt Lake City skyline
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    Denis Tangney Jr. via Getty Images
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    Black-owned Redemption acquires Utah bank

    Holding company CEO Ashley Bell said he envisions Redemption establishing locations outside Utah that would be similar to Capital One cafes. “We will lean into expansion,” Bell said.

    By June 20, 2025
  • m&a handshake Explore the Trendline
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    Natalie Meepian via Getty Images
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    Trendline

    M&A

    President Donald Trump’s reelection was predicted to yield loosened regulation. But tariff volatility and economic uncertainty has thrown a wrench into an expected boom in mergers and acquisitions.

    By Banking Dive staff
  • A photo of Jamie Dimon
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    Kevin Dietsch via Getty Images
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    JPMorgan Chase to launch deposit token

    “It will be the first token of its kind on a public blockchain, enabling fast, secure, 24/7 money movement between trusted parties,” according to a post by Base, Coinbase’s blockchain.

    By June 18, 2025
  • A Citizens Bank branch on a New York City street is seen as people walk by in front of the building.
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    Caitlin Mullen/Banking Dive
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    Citizens exec: ‘Crazy’ tariff volatility seems to have abated

    Client optimism is returning after an initial dip, but “everybody is doing one more lap around the diligence on M&A deals,” said Don McCree, the lender’s head of commercial banking.

    By June 17, 2025
  • Aerial view of Kansas City with a KC Streetcar present in street
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    TriggerPhoto via Getty Images
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    Commerce to buy FineMark in $585M deal

    The acquirer aims to expand its presence in high-growth markets and leverage its wealth platform with the addition of FineMark’s $7.7 billion in assets under administration in a deal set to close by Jan. 1, 2026. 

    By June 16, 2025
  • A person wearing a blue hat and light t-shirt walks past a KeyBank branch location, as the glass reflects the street scene.
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    Spencer Platt / Staff via Getty Images
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    KeyBank wants to boost commercial team hires by 10% this year

    The Cleveland-based regional aims to have 170 to 180 commercial bankers by the end of 2025.

    By June 13, 2025
  • A JPMorgan Chase logo stands in front of a building on a city street.
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    subman via Getty Images
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    JPMorgan seeks to dismiss part of $481M CRE lawsuit

    Wells Fargo “seeks to hold JPMorgan liable” for a real estate company’s “criminal conduct, even though JPMorgan was the victim of that crime,” JPMorgan asserts in a motion.

    By June 12, 2025
  • A person walks by a First Republic Bank branch.
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    Justin Sullivan via Getty Images
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    Judge dismisses case against First Republic execs, auditor

    A lawsuit filed in June 2023 claimed that the failed bank’s executives and auditor made misleading statements about the lender’s financial conditions and assets.

    By June 12, 2025
  • A skyscraper with the name "U.S. Bank" atop it is shown.
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    Courtesy of U.S. Bank
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    U.S. Bank’s Kedia outlines strategy to rev up growth

    The Minneapolis-based lender, facing pressure to deliver stronger results, is working to deepen relationships with customers and transform its payments business, the CEO said Wednesday.

    By June 12, 2025
  • Rathi Murthy, the new chief technology officer at Varo Bank
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    Permission granted by Varo Bank
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    Varo’s new tech chief views responsible AI as differentiator

    Rathi Murthy, who became the San Francisco-based all-digital bank's CTO in March, has hired for two new and complementary roles aimed at business diligence and strategic development.

    By June 11, 2025
  • An office building with the word "Regions" at the top is shown against a blue sky.
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    Caitlin Mullen/Banking Dive
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    Regions plans to make the most of M&A ‘disruption’

    “If somebody’s going to do a deal where we are, then we’re going to be all over customers and people and trying to grow our business,” Regions CFO David Turner said Tuesday.

    By June 11, 2025
  • Boston Harbor is shown, depicting water in the foreground, tall buildings behind and blue sky in the background. A small plane flies above the water.
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    Michael M. Santiago / Staff via Getty Images
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    Needham to acquire BankProv for $212M

    The acquisition, expected to close in the fourth quarter, is set to expand Needham’s footprint into Massachusetts’ North Shore and New Hampshire, where it already has business customers.

    By June 9, 2025
  • Skyscrapers on either side of a river with a yellow tourboat gliding on it.
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    Mlenny via Getty Images
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    Pulaski Bank’s failure spurred by ‘impaired capital’: FDIC OIG

    The shuttered Chicago-based lender had deposit liabilities of nearly $20.7 million unaccounted for in its core system, the regulator’s office found.

    By June 5, 2025
  • A BMO branch in Montréal in December 2024, showing some snow on the ground.
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    David Taube/Banking Dive
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    BMO hires BofA vet Levine

    Aron Levine will become group head and president of BMO U.S., effective July 7. Additionally, Ernie Johannson, one of the bank’s highest-ranking women executives, is retiring in early 2026.

    By June 5, 2025
  • A sign for CitiBank is seen on the bank branch in Manhattan on March 01, 2024 in New York City.
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    Spencer Platt / Staff via Getty Images
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    Citi drops firearms restriction in a bow to conservative pressure

    The bank updated a 7-year-old policy, enacted after the Parkland school shooting, over concerns about “fair access” months after Republicans accused some institutions of political de-banking.

    By June 4, 2025
  • A bank branch building with the word "Chase" and the Chase logo on a blue sign is shown, with people walking past in the foreground.
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    Joe Raedle / Staff via Getty Images
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    JPMorgan’s Lake to get expanded role as international exec leaves

    When Sanoke Viswanathan, JPMorgan Chase’s CEO of international consumer and wealth, exits the bank in September, Marianne Lake will take on his duties.

    By June 3, 2025
  • A Wells Fargo bank signage is seen on Broadway on December 20, 2022 in New York City.
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    Michael M. Santiago via Getty Images
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    Wells Fargo offloads $4.4B railcar business

    The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

    By June 2, 2025
  • A sign reads "Citibank" in a branch window, which reflects an American flag and taxi cabs on the street.
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    Michael M. Santiago / Staff via Getty Images
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    Q&A

    Citi marketing chief looks to ‘reenergize’ the bank’s brand

    “We're not just producing content and putting out a 50-page white paper,” said Alex Craddock, Citi’s chief marketing and content officer. “We're really thinking a lot more strategically.”

    By June 2, 2025
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    Justin Sullivan via Getty Images
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    Wells Fargo clears penultimate consent order; asset cap remains

    The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated Wednesday the bank is inching closer to freedom from the $1.95 trillion asset cap. 

    By May 30, 2025
  • The words "Goldman Sachs" are seen on a partial wall with a wood finish.
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    Michael M. Santiago / Staff via Getty Images
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    Ex-Goldman exec gets 2-year sentence over 1MDB scandal

    Prosecutors sought leniency for Tim Leissner based on his cooperation, which the bank pushed back on, saying the former executive’s efforts are “deserving of sanction, not praise.”

    By May 30, 2025
  • Panoramic view of South Beach at Miami South Pointe Park with high skyscrapers
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    Tomas Kozak via Getty Images
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    Seacoast bets big on The Villages in $710.8M deal

    The acquisitive bank will buy VBI, which touts a more than 50% deposit share in Florida’s largest retirement community, in a transaction set to close in the fourth quarter.

    By May 30, 2025
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    Bank profits rise in Q1

    The FDIC’s 4,462 insured banks saw a 1.16% return on assets and net income of $70.6 billion in the first quarter.

    By May 29, 2025
  • A UBS location in New York City is shown, with the letters "UBS" on the building front.
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    Caitlin Mullen/Banking Dive
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    UBS to sell hedge fund business to Cantor Fitzgerald

    The Swiss lender’s O’Connor unit, with $11 billion in assets under management, will return to the purview of Bill Ferri, a UBS veteran and O’Connor founder who’s now at Cantor Fitzgerald.

    By May 29, 2025
  • A sign for CitiBank is seen on the bank branch in Manhattan on March 01, 2024 in New York City.
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    Spencer Platt / Staff via Getty Images
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    Citi sells Polish consumer business to VeloBank

    Upon closing, it will be the 10th international consumer business Citi has sold since 2021. The bank will maintain its institutional business in Poland, as it has elsewhere, following the sale.

    By May 28, 2025
  • Charlie Scharf, Wells Fargo CEO
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    Win McNamee / Staff via Getty Images
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    Wells Fargo’s Scharf assured over asset cap’s potential end

    “We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.

    By May 28, 2025