PA's First Commonwealth Bank closing 29 locations

August 7, 2020

The First Commonwealth Bank in Leechburg, Pennsylvania, will close its doors December 11, along with 28 other branches in the state, including Tarentum…

Hyosung taps BranchServ as preferred partner

August 6, 2020

Hyosung America has created a distribution model to serve regional and community financial institutions. It consists of three channels to market, including a…

Banks tightening lending standards

August 4, 2020

Despite the Federal Reserve's encouragement to lend to those hardest hit by the coronavirus pandemic, a Federal Reserve survey indicates banks are getting…

SunTrust Robinson Humphrey, BB&T Capital Markets become Truist Securities.

August 4, 2020

Truist Securities has transitioned SunTrust Robinson Humphrey and BB&T Capital Markets over to its corporate name, creating a combined corporate and…

India's West Bengal ATMs running out of cash

August 3, 2020

ATMs in West Bengal, India, are running out of money. The private companies, outsourced by banks, to maintain and fill the ATMs are operating with skeleton…

Bank visibility is key in determining branch closings

August 3, 2020

As the aftereffects of the pandemic across the country come to light, bank customers may find branches that were temporarily closed may not reopen depending on…

Cash: Stop beating it up and promote its cost-effectiveness instead

by Daryl Cornell — President & CEO, Triton Systems of Delaware, LLC

With the onset of COVID-19, discussions on whether or not cash was safe to use appeared regularly in media outlets and on websites. Concerned, consumers and…

Maui to sue Bank of America over broken promise to native Hawaiians

July 31, 2020

Maui County plans to sue Bank of America for allegedly failing to make good on a 1994 promise to make $150 million in home loans to native Hawaiians.

CIMA debuts its most advanced Teller Cash Recycler, the AST9000

July 2020-- CIMA Cash Handling America has launched the AST9000, the most advanced, highcapacity teller cash recycler (TCR) in its popular family of products…

Hyosung introduces ATM disinfection upgrades

July 30, 2020

Due to the COVID-19 pandemic public demand for safety and cleanliness is essential. With that in mind, ATM manufacturer, Hyosung America, is introducing…

US Bank deploys smart assistant to boost digital banking

by David Jones — Editor, Networld Media Group

US Bank is deploying natural language processing and AI-based technology to move more of its retail banking business onto the mobile banking app.

Bay Bank to open first branch on Menominee Reservation

July 28, 2020

Wisconsin-based Bay Bank, which has two branch locations in Wisconsin as well as several ATMs owned by the Oneida Nation, will open a branch on the Menominee…

Who is that masked man and has he been mandated to wear that mask?

by Pat Shea — Editor, NetworldMedia

Face masks are mandatory now at many retail stores and restaurants as a defense against contracting the coronavirus. But for banks, mandating masks can be a…

UMB targets fintechs for its ‘Banking as a Service'

July 24, 2020

UMB Bank, a subsidiary of UMB Financial Corp. is launching a phased approach to its Banking as a Service program which targets fintechs throughout the U.S.

Kinecta, Xceed plan 2021 credit union merger

July 20, 2020

Kinecta Federal Credit Union and Xceed Financial Credit Union plan to merge in the first quarter of 2021, and it would create the eighth largest credit union…

Bank offers bonus for coins

July 20, 2020

Wisconsin's Community State Bank has launched a Coin Buy Back program offering a $5 bonus for every $100 worth of coins turned in to any of its seven branches…

Bill seeks to modify PPP loan forgiveness

July 17, 2020

A bill known as the Paycheck Protection Small Business Forgiveness Act has been introduced to the Senate to modify loan forgiveness under the Paycheck…

MoneyLion launches RoarMoney banking app with Mastercard

July 15, 2020

MoneyLion has teamed up with Mastercard to launch a mobile banking service called RoarMoney, which provides an on-demand deposit account with access to…

JPMorgan Chase posts record revenues for second quarter

July 15, 2020

In news that surprised Wall Street, JPMorgan Chase posted a record $33.8 billion in second quarter revenue, thanks to some serious preplanning by CEO Jamie…

Stop Cash Distribution Costs from Rising

Cash distribution for a bank is a huge cost, and the recent unexpected impact of the COVID-19 crisis creates greater urgency to reduce costs and improve…