Browsing: Bank

Key insight: A new report details employment cuts at U.S. commercial banks and savings banks, including a net loss of more than 7,400 jobs during the…

Forward look: The combined company will start with more than $28 billion of deposits, including $1.8 billion in Northern New Jersey.Supporting data: Blue Foundry Bancorp has…

If you’re asking yourself, “What do I do when my bank account is negative?”, you’re not alone. According to the Financial Health Network, U.S. consumers paid an estimated $12.1 billion in overdraft and…

Key insights: U.S. Bank launched the Split card, a Mastercard that turns purchases into three-month installment plans.What’s at stake: Buy now/pay later is gaining a larger…

Key insight: Limiting the scope of its lending and backing its loans with first liens on tangible assets has helped the $17 billion-asset Beal Bank USA…

Key Insight: The Consumer Financial Protection Bureau’s new “Humility Pledge” is mandated for all supervisory examiners, with a focus on pressing threats to consumers, particularly service…

Key insight: VALT Bank’s founders aim to build a digital business-banking platform focused on lending, deposits, cash management and advisory tools.Supporting data: Community-bank numbers have sharply…

Forward look: While Salem Five didn’t discuss targets, a key executive said the Massachusetts bank is open to expanding the private banking operation if it performs…

Key Insight: Cash loans made by the Federal Home Loan Banks dipped in the third quarter versus a year ago. What’s at Stake: Experts looking for…

Key insight: A firm in Houston secured Illinois state approval to acquire a community bank in Chicago, moving it closer to its goal of operating a…