Banking News and Analysis | Banking Dive
WEBFive Star Bank expands, eyeing First Republic, Signature customers. The $3.7 billion-asset commercial bank seeks to capitalize on the absence of failed San Francisco-area banks by snagging some of their former employees and emphasizing customer service. Commercial.
Credit Union News - Banking Dive
WEBAug 29, 2024 · Alaska credit union to buy Washington bank in $231.2M deal. With $1.5 billion in assets, Renton-based First Financial Northwest stands to be the largest bank purchased by a credit union after Global Federal completes the deal, expected in the fourth quarter. By Rajashree Chakravarty • Jan. 12, 2024.
How U.S. Bank tripled its digital account openings
WEBMar 17, 2021 · Anna Hrushka Senior Reporter. “ McGinn Building ” by Ian Poellet is licensed under CC BY-SA 4.0. By cutting more than half of the time it takes for customers to open a checking account online, U.S. Bank says it’s new streamlined platform, which it launched in August, has nearly tripled its digital checking account openings year-over-year.
USAA, Truist settle mobile deposit patent-infringement case
WEBOct 6, 2023 · USAA sued Truist in July 2022, claiming the bank was infringing on three patents related to mobile deposit capture.But Truist is hardly the first bank with which USAA has locked horns over that technology. USAA won two nine-figure judgments in 2019 and 2020 against Wells Fargo, totaling more than $300 million, as a result of mobile check …
Inside Northern Trust’s $2.5B tech investment - Banking Dive
WEBSep 2, 2020 · The company invests approximately $2.5 billion in technology over rolling three-year periods. In recent years, Northern Trust has undertaken an ambitious digitization effort for all of its business lines. One focus area is asset servicing, which covers a bundle of components that typically include custody, transfer agency and fund accounting.
SBA releases borrower data on EIDL, smaller PPP loans
WEBNov 6, 2020 · The SBA in July disclosed the names, addresses, ZIP codes, demographic data and industry codes of borrowers on PPP loans of $150,000 or more. However, that list accounts for less than 15% of loans made through the program. Roughly 4.5 million of the 5.2 million PPP loans were for $150,000 or less, The Wall Street Journal reported, citing …
Chase study highlights growing popularity of digital banking
WEBAug 5, 2021 · Mobile banking is a big draw. Last December, Chase carried out another Digital Banking Attitudes Study, which surveyed 1,500 consumers. Among that group, only half labeled Chase’s mobile app a “must have.”. But in 2021, 89% of respondents used mobile apps to deposit money, including 52% of the baby boomers surveyed.
Huntington, TCF agree to all-stock merger | Banking Dive
WEBDec 14, 2020 · Huntington Bank and TCF Bank agreed to merge Sunday in an all-stock deal to create a regional bank with nearly $168 billion in assets, $117 billion in loans, $134 billion in deposits and $22 billion in market value, the companies said in a press release. The deal values TCF at $6 billion, 11% above the level at which the bank’s stock closed ...
California banks merge in $233.6M deal - Banking Dive
WEBJan 30, 2024 · Southern California Bancorp and California BanCorp plan to merge in an all-stock transaction valued at roughly $233.6 million, the banks announced Tuesday. The transaction is expected to close in the third quarter of 2024. Southern California Bancorp’s Chairman and CEO David Rainer will serve as executive chairman of the combined …
Goldman Sachs expands Marcus checking account beta tests to all …
WEBApr 22, 2022 · Goldman Sachs expanded beta testing of its highly anticipated checking account this week to include all of its more than 20,000-person U.S.-based workforce, Stephanie Cohen, the bank’s global co-head of consumer and wealth management, told CNBC in a statement Thursday. The bank is expected to release the product to the …