Retail

  • PNC signage is seen atop an office building.
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    Jeff Swensen / Stringer via Getty Images
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    PNC’s COO is leaving the bank

    E. William Parsley’s departure thins the ranks of executives beneath CEO Bill Demchak but may clarify new President Mark Wiedman’s position as a potential successor.

    By • April 25, 2025
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    Permission granted by Eastern Bank
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    Eastern Bank to broach Rhode Island with $490M HarborOne deal

    The transaction, set to close in the fourth quarter, would add 30 locations and $5.7 billion in assets to Eastern. The Boston bank has tended to expand through acquisition every two years.

    By • April 25, 2025
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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 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 aggressively reinvests in its existing footprint

    While some competitors chase expansion in the Southeast, the Providence, Rhode Island-based lender is redesigning branches to double down on deeper relationships, said Nuno Dos Santos, head of the bank’s retail network.

    By • April 24, 2025
  • Homes and palm trees in the foreground, with the Los Angeles skyline and San Gabriel Mountains in the background
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    Mario Tama via Getty Images
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    Columbia to expand in SoCal with $2B acquisition of Pacific Premier

    The Tacoma, Washington-based lender’s Umpqua retail network will change its name to Columbia Bank later this year as part of the deal.

    By • April 24, 2025
  • A sign hangs above an entranceway to a Capital One Café on February 19, 2024, in Miami, Florida.
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    Joe Raedle / Staff via Getty Images
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    Capital One readies for Discover integration work

    With Discover, “we will be going back into the world of data centers” for “a number of years,” Capital One CEO Richard Fairbank said Tuesday.

    By • April 23, 2025
  • A bank branch is shown with the "Regions" name on the exterior of the building.
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    Inside Regions’ effort to upskill its SMB, mass-affluent bankers

    The regional lender is honing the way a group of its bankers manage small-business customer relationships as competition rises in the Southeast.

    By • April 16, 2025
  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Ally’s DEI suit dismissed after bank reduces emphasis

    America First Legal dropped its lawsuit against Ally Financial after the lender largely scrubbed diversity references from its public filings.

    By • April 11, 2025
  • Raymond Chun, TD executive, poses for a photo wearing a suit and tie
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    Courtesy of TD
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    TD acknowledges ‘darkest day’ in shareholder meeting

    The bank’s chair called October’s $3.09 billion settlement “extraordinarily painful.” Investors voted in four new board members Thursday, including Morgan Stanley’s former deputy CFO.

    By • April 11, 2025
  • Jamie Dimon, the CEO of JPMorgan Chase bank, talks and holds his hands out in front of him.
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    Kevin Dietsch / Staff via Getty Images
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    Dimon points to ‘turbulence,’ sees uncertainty persisting through July

    The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.

    By • April 11, 2025
  • Scott Bessent, secretary of the Treasury Department, speaks in front of a blue background.
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    Kayla Bartkowski / Staff via Getty Images
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    Treasury eyes bigger regulatory role, Bessent says

    The treasury secretary said he wants regulatory tailoring to ensure smaller community banks matter on a wider scale.

    By • April 9, 2025
  • An exterior shot of a Fifth Third Bank location is shown
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    Courtesy of Fifth Third
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    Fifth Third hires ex-M&T CFO to lead regional banking

    Darren King will “drive strategy, cultivate talent and pursue growth” as Fifth Third pushes southeast, the bank said. He succeeds Kris Garrett, the lender’s retiring wealth and asset manager.

    By • April 9, 2025
  • PNC signage is seen atop an office building.
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    Jeff Swensen / Stringer via Getty Images
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    PNC picks BlackRock vet as next president

    Mark Wiedman, most recently the head of BlackRock’s global client business, was named the super-regional’s next president, filling the vacancy left when Michael Lyons departed to lead Fiserv earlier this year.

    By • April 8, 2025
  • The CEO of JPMorgan Chase, Jamie Dimon, speaks in front of a blue background
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    Kevin Dietsch / Staff via Getty Images
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    Dimon frets over tariff uncertainty in annual letter

    The CEO of the biggest U.S. bank said he sees President Donald Trump’s tariff policy as "one large additional straw on the camel’s back."

    By • April 7, 2025
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    Gregory Zamell via Getty Images
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    Hope Bancorp completes merger with Territorial

    The Los Angeles bank's victory caps a nearly yearlong battle for the Hawaii lender, which saw repeated competing offers from Blue Hill Advisors.

    By • April 3, 2025
  • An adult uses a Citi ATM while a child stands next to the person, with Citi signage in the foreground.
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    Justin Sullivan / Staff via Getty Images
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    Judge tosses racial bias suit against Citi over ATM fee waivers

    The lawsuit accused the New York City-based bank of “unabashed racial discrimination” for waiving ATM fees for customers of minority-owned banks but not for white-owned banks.

    By • April 3, 2025
  • Customers use an ATM at a Bank of America office.
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    Justin Sullivan via Getty Images
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    BofA’s Holly O’Neill gets expanded role

    Bank of America is combining consumer units and giving one of its most senior women a bigger role leading the lender’s retail, consumer and preferred banking divisions.

    By • April 2, 2025
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    George Dodd via Getty Images
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    HomeStreet to merge with California’s Mechanics Bank

    The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.

    By • April 1, 2025
  • A downtown view of Birmingham, Alabama
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    Jacob Boomsma via Getty Images
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    FB Financial to acquire Southern States for $381M

    Acquiring $2.8 billion-asset Southern States would grow Nashville, Tennessee-based FB to $16 billion in assets and expand its footprint in Alabama and Georgia.

    By • April 1, 2025
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    U.S. Bank executive dead in plane crash

    A plane that crashed in a Minneapolis suburb Saturday was registered to Terry Dolan, the lender’s chief administration officer. CEO Andy Cecere confirmed in a Monday memo to employees that Dolan died in the crash.

    By • Updated March 31, 2025
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    Truist’s wealth advisers hone their listening ear

    The Charlotte, North Carolina-based bank is emphasizing listening cards to guide advisers' conversations with clients past the pitch stage.

    By • March 28, 2025
  • Senators Tim Scott and Elizabeth Warren converse during a Senate Banking Committee hearing.
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    Kayla Bartkowski / Staff via Getty Images
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    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 • March 27, 2025
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    Q&A

    Plaid’s Brian Dammeir talks future of open banking

    Open banking has long been an industry-led venture. The trendline won’t change even if the timeline does, Plaid’s head of payments and financial management said.

    By • March 26, 2025
  • Blockchain has the potential to make finance more efficient and its usefulness goes far beyond cryptocurrency.
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    Kraken to buy futures platform NinjaTrader for $1.5B

    The tie-up marks the largest deal to date between the traditional finance and crypto sectors.

    By • March 24, 2025
  • Federal Reserve Governor Michelle Bowman stands behind a podium and speaks.
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    Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
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    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 • March 24, 2025
  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Massachusetts bank deemed in ‘troubled condition’ by OCC

    The $209.9 million-asset 42 North Private Bank did not fully comply with a 2017 consent order alleging unsafe and unsound practices, the OCC said.

    By • March 21, 2025