Bank / Credit Union News
Atlantic Union Bankshares to acquire American National
July 28, 2023
Atlantic Union Bankshares Corp. has entered into a merger agreement with American National Bankshares Inc. to acquire American National. With this acquisition…
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BTIG Investment Bank appoints managing director
July 28, 2023
BTIG, a bank that operates in the U.S., Europe, Asia and Australia, has appointed Tosh Chandra to serve as managing director with its Financial Institutions…
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Bank of America boosts dividend
July 27, 2023
Bank of America has announced a regular quarterly cash dividend of $0.24 per share up from 2 cents from the previous quarter. The dividend will be payable on…
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NatWest CEO steps down following discussion on British politician's bank account
July 26, 2023
Alison Rose, CEO of NatWest, one of the biggest four banks in Britain is stepping down after speaking about a bank account closure belonging to Nigel Farage…
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FDIC calls out banks for incorrect uninsured deposit statements
July 25, 2023
The Federal Deposit Insurance Corp. has called out banks for containing incorrect data on financial statements. The statements showed lower uninsured deposits…
read nowRegions appoints board member
July 25, 2023
Regions Financial Corp. has appointed Alison Rand to its board, including its subsidiary Regions Bank. Her term will begin officially on Oct. 1, according to a…
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Lake Michigan Credit Union partners with Total Expert to improve member engagement
July 24, 2023
Lake Michigan Credit Union, based in western Michigan, has partnered with customer engagement platform provider Total Expert to deliver personalized engagement…
read nowCSI enables instant payments through FedNow
July 24, 2023
CSI, a fintech solutions provider, announced its payments solution is live on the Federal Reserve's FedNow service. FedNow is a payment infrastructure, which…
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Citizens appoints head of enterprise payments
July 21, 2023
Citizens Financial Group Inc. has appointed Taira Hall to serve as head of enterprise payments. She will report to Beth Johnson, vice chair and chief…
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Red Link migrates ATM network to Diebold Nixdorf
July 21, 2023
Red Link, an ATM network operator in Argentina, has transferred 90% of is network to Diebold Nixdorf's DN Series ATM. This series offers a variety of…
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Union Credit intros credit union marketplace
July 19, 2023
Union Credit, a credit offer provider, has introduced a marketplace to allow credit unions to offer one-click credit offers to customers at the point-of…
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Big banks post healthy profits following SVB collapse
July 19, 2023
Big banks have begun releasing earnings this quarter, and so far have seen healthy profit margins despite the collapse of Silicon Valley Bank, Signature Bank…
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Bank customers report rise in sudden account closures
July 18, 2023
Many bank customers are reporting their accounts are being shut down without warning, and when they attempt to get an explanation, they have little success.
read nowConnectbase purchases $16M debt facility from Silicon Valley Bank
July 18, 2023
Connectbase, a cloud connectivity provider, has purchased a $16 million debit facility from Silicon Valley Bank. With this facility, it aims to expand its…
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Bank of America chatbot Erica sees more than 1.5B interactions
July 17, 2023
Bank of America's chatbot Erica has had more than 1.5 billion interactions with customers since its launch in 2018. Customers in 2023 have used Erica 33…
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Service Credit Union intros scholarship for culinary arts
July 14, 2023
Service CU Impact Foundation, the non-profit charity arm of Service Credit Union, has announced a scholarship for students in the culinary arts. The foundation…
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KeyBank intros home ownership credit program
July 14, 2023
KeyBank has introduced its third special purpose credit program, called KeyBank Neighbors First Credit, which provides up to $5,000 to help home buyers…
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Bank of Baroda intros electronic bank guarantee
July 13, 2023
Bank of Baroda, an Indian bank, has introduced Electroc Bank Gurantee on its digital BarodaINSTA platform through a partnership with National E-Governance…
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Bank of America fined for more than $250M for fake accounts, junk fees
July 12, 2023
The Consumer Financial Protection Bureau has ordered Bank of America to pay more than $250 million in fines and customer refunds for a variety of violations…
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SVB parent sues FDIC to recover $1.9B in seized assets
July 11, 2023
SVB Financial Group, the parent company of the failed Silicon Valley Bank, has sued the Federal Deposit Insurance Corp. for $1.9 billion that the agency seized…
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