Bank / Credit Union News

JPMorgan CEO says more acquisitions of struggling banks "unlikely"

May 17, 2023

JPMorgan Chase recently acquired a majority share of the failed bank First Republic as part of a government-deal. However, when CEO Jamie Dimon was asked…

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Congress grills SVB, Signature Bank execs over bank collapse, compensation

May 17, 2023

Greg Becker, CEO of Silicon Valley Bank alongside Scott Shay, chairman of Signature Bank, recently appeared before Congress to answer questions both on the…

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Bank CEO pay in focus following SVB, Signature, First Republic collapses

May 16, 2023

CEO compensation is under focus, as executives from failed banks Silicon Valley Bank, Signature Bank and First Republic gained millions from the planned sales…

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Piedmont Advantage Credit Union appoints Charlotte branch manager

May 16, 2023

Piedmont Advantage Credit Union, headquartered in Winston-Salem, North Carolina, has appointed Carrieanne Holt as manager of its Charlotte, North Carolina…

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Charlie intros banking services for senior citizens

May 15, 2023

Charlie, a company that offers banking services through Sutton Bank, has launched its services for the 62+ age bracket. It offers tools such as faster access…

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Bank of America opens branch in Luxembourg

May 15, 2023

Bank of America has opened a branch in Luxembourg which will offer bank account openings along with other products and services. The bank will also provide its…

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FDIC calls on big banks to pay for SVB collapse

May 12, 2023

The Federal Deposit Insurance Corp. has called on banks with more than $5 billion in assets to help pay depositors of the defunct Silicon Valley Bank and…

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Bank of America provides Leader on Loan to Liberty Science Center

May 12, 2023

Bank of America is providing a senior technology leader for the Liberty Science Center in Jersey City, New Jersey as part of its Leader on Loan program. Pragna…

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Truist ATM stolen from drive-thru

May 11, 2023

A Truist Bank ATM was stolen from a drive-thru in Baltimore, Maryland. When police arrived on the scene, the ATM had been removed, according to a report by CBS…

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Alleged ATM bomber had 8 pipe bombs in Georgia home

May 10, 2023

A man facing charges of blowing up an ATM at a North DeKalb Mall in Georgia had eight pipe bombs in his home in Decatur, Georgia. A federal complaint claims he…

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Dollar Bank tackles ATM skimming head on

May 10, 2023

Dollar Bank is working with lawmakers regarding an ATM skimming scheme, which occurred at various locations with a particular influx in Pittsburgh…

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Bank of America awards $1M grant to NLBM Museum

May 9, 2023

Bank of America has awarded the Negro Leagues Baseball Museum with a $1 million grant as part of its $25 million campaign to build a 30,000-square-foot…

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Trust Bank brings more than 450K customers onboard with platform

May 9, 2023

Trust Bank, a cloud-native bank in Singapore, has brought more than 450,000 customers onboard since integrating the FICO Platform, a cloud-based decisioning…

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California bank regulator says it acted too slowly with SVB

May 9, 2023

California's Department of Financial Protection said it failed to take proper oversight regarding Silicon Valley Bank, which contributed to the bank's demise…

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Cardinal Credit Union opens branch in Mentor, Ohio

May 8, 2023

The Cardinal Credit Union has opened a second branch in Mentor, Ohio, bringing its total to seven retail branches and seven student-run branches in…

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Japanese MUFG Bank to end 24-hour ATM operation

May 5, 2023

MUFG Bank, based in Japan, announced it will limit the hours of its ATMs by the end of 2023 as a cost-cutting measure for 98 locations across Japan. The bank…

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BMO announces $1M commitment to affordable housing

May 3, 2023

BMO will donate $1 million for affordable housing and health equity in California. The bank will donate $500,000 each to Enterprise Community Partners and…

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Financial expert Michael Milken: Banking collapses present 'no financial crisis'

May 3, 2023

The recent collapse of Silicon Valley Bank, Silvergate Bank and First Republic, with the later purchased by JPMorgan Chase this week, has raised questions…

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JPMorgan Chase acquires First Republic Bank

May 3, 2023

Regulators recently seized First Republic Bank and sold the majority of its assets to JPMorgan Chase. The bank lost $100 billion in deposits in March, as…

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Regions Bank honors branch manager for community service

May 2, 2023

Regions Bank has officially awarded Ginger Donohue, manager of Region's Breechwood branch in Vicksburg, Mississippi, with the Lee Ann Petty Heart of Service…

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