Bank / Credit Union News

Bank of America expands maintenance fee waivers

September 25, 2023

Bank of America has expanded its monthly maintenance fee waiver criteria for its SafeBalance account. Accounts that maintain a minimum daily balance of $500 or…

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Regions Bank appoints chief risk officers

September 22, 2023

Regions Bank has appointed Anna Brackin as chief compliance officer and Gary Walton as business unit chief risk officer for its consumer banking and wealth…

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United Community Bank to sponsor weekly food truck event in September

September 20, 2023

United Community Bank will sponsor a weekly food truck event in September in Perham, Minnesota, with proceeds going to Veterans Honor Flight of Minnesota/North…

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Bank of America boosts CashPro AI chatbot, intros supply chain service

September 19, 2023

Bank of America improved its chatbot CashPro Chat with propriety AI and machine learning that is also used with its virtual financial assistant Erica. Business…

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Keybank intros $5M line of credit for Bridgeway

September 19, 2023

Keybank Community Development Financial Institutions Group recently provided a $5 million line of credit to Bridgeway Capital to expand lending programs into…

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Bank kiosk market to reach $46B by 2030

September 19, 2023

The global bank kiosk market will reach $46.36 billion by 2030, growing at a compound annual growth rate of 14.7% from 2023 to 2030, according to research from…

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Allegiant unveils Visa rewards card

September 15, 2023

Allegiant, a travel company, has rebranded its rewards credit card to the Allways Rewards Visa card. Bank of America will continue to issue the cards…

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M&T Bank opens branch in Connecticut

September 14, 2023

M&T Bank will open a branch in Bridgeport, Connecticut in early 2024, pending regulatory approval. The 1,500-square-foot location will include a walk-up…

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Northern Trust appoints head of asset servicing for Hong Kong

September 14, 2023

Northern Trust has appointed Aisling Keane as head of asset servicing for Hong Kong. In this role, she will head the asset servicing business in Hong Kong…

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Bank of Montreal appoints board member

September 13, 2023

Bank of Montreal has appointed Hazel Claxton, former EVP and chief human resources officer at Morneau Shepell Inc., to its board of directors, according to a…

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Keybank reaches $1M in funding for home buyer credits

September 12, 2023

Keybank has officially funded more than $1 million in Home Buyer Credits since it launched the program in September 2022, which has helped 245 clients purchase…

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Hembstead Capital relaunches in North Carolina

September 12, 2023

Hembstead Capital LLC, a financial advisory firm, has officially relaunched in North Carolina with Evan Wilkoff at the head as strategic consultant. The…

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Moniepoint Bank launches consumer app, debit card

September 11, 2023

Moniepoint Microfinance Bank, a business banking platform subsidiary of Moniepoint Inc. in Nigeria, has introduced its consumer app and debit card. Its…

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Texan charged with robbing ATM technician

September 8, 2023

A Texas man has been charged with robbing an ATM technician in Chicago. The Bensenville suburb of Chicago's police department claimed Earnest Hudson was one of…

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Citigroup to halt ATM services in Russia

September 7, 2023

The Russian subsidiary of Citigroup Inc. will halt services for its ATMs in the country by the end of 2023. The bank has been gradually winding down its…

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Regions integrates Sabal Capital Partners into real estate brand

September 6, 2023

Regions Bank has added Sabal Capital Partners to Regions Real Estate Capital Markets brand. With this integration, Sabal will be able to offer its clients…

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Keybank partners with Operation HOPE to offer financial education in branches

September 6, 2023

Keybank partnered with Operation HOPE Inc. to deliver financial education and coaching through the HOPE Inside program for three branches in Buffalo, Denver…

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Russia aims to prevent foreign banks from leaving

September 6, 2023

Russia aims to prevent foreign banks from leaving the market easily unless they unfreeze Russian assets. Since Russia invaded Ukraine in February 2022, Western…

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US banks holding onto more cash

September 5, 2023

U.S. banks are holding onto larger stockpiles of cash due to uncertain economic conditions, including deposit outflows and potentially stronger liquidity…

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Wescom Credit Union to merge with Central Coast Federal Credit Union

August 31, 2023

Wescom Credit Union, based in Southern California, announced a merger agreement with Monterey County, California-based Central Coast Federal Credit Union in…

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