Community banks have ‘no choice’ but to be in stablecoin business, lawmaker says

Bank-fintech partnerships are essential to enabling community banks to serve stablecoin interest, Rep. Mike Flood, R-NE, said Sunday at the Money20/20 conference.

Revolut eyes bank charter to have ‘seat at the table,’ says US CEO

“While the partnership model works well, you miss out on things,” Sid Jajodia said at the Money20/20 conference.

FirstSun to acquire First Foundation in $785M deal

The transaction, set to close in the second quarter, would roughly double FirstSun’s assets and add 18 Southern California branches to its footprint.

Barclays to acquire Best Egg for $800M

The personal lending fintech last year secured a $500 million purchase facility from Fortress Investment Group and tech-driven investment manager Edge Focus to grow its loan platform.

Huntington to buy Cadence Bank for $7.4B

The deal, Huntington’s second in Texas this year, comes just weeks after fellow Ohio regional Fifth Third announced it would acquire Dallas-based Comerica.

Bank risk chiefs aim to shake ‘Department of No’ reputation

“The CRO actually knows more than what the CEO thinks we know,” said Emily Nachlas, Western Alliance’s CRO, during a recent ABA convention panel.

Fed proposes disclosing stress-test details

The central bank Friday voted to alert banks ahead of time with stress-test scenarios and several key calculations.

Trump taps SEC crypto task force lawyer to lead CFTC

Mike Selig’s bid comes after the withdrawal of the previous nominee to lead the agency, which now has just one commissioner.

Nicolet Bank makes $864M deal for Iowa, Twin Cities foothold

The Green Bay, Wisconsin-based lender said it would buy MidWestOne to create a $15 billion-asset bank, roughly doubling its branch count, including 15 locations in the Minneapolis area.

JPMorgan snags BofA vet as investment banking chair

Kevin Brunner, who’s been at Bank of America for 25 years, will join JPMorgan Chase as global chair of investment banking and M&A next year.

Third Coast’s $123M deal extends Texas M&A hot streak

The Houston lender said it would acquire Keystone Bank to bolster its presence in Austin. The transaction is expected to close in the first quarter.

UBS revamps leadership with tech, AI in mind

The Swiss bank appointed its first chief AI officer, the latest financial services company to create an executive role dedicated to AI adoption.

Zelle parent pursues crypto for international payments

The peer-to-peer money transfer company said it will leverage stablecoins to let users send money across borders.

Evolve Bank & Trust CEO faces child porn charges

Now-terminated Bob Hartheimer became CEO in August with the intent of “restor[ing] trust” in Evolve, which since last spring has been caught up in a missing-funds saga tied to the Synapse collapse.

Updated Oct. 24, 2025

Ohio banks to merge in $299M deal

Canfield, Ohio-based Farmers National Bank’s acquisition of in-state peer Middlefield will add about $2 billion in assets and give Farmers a presence in the Columbus area.

OCC drops fine in final Wells fake-accounts settlement

Claudia Russ Anderson, group risk officer at the time of the bank's fake-accounts scandal, won’t face an additional monetary penalty by the regulator.

Citi gives CEO Fraser a $25M award, names her chair

The bank is the last of the eight U.S. systemically important financial institutions to consolidate its CEO and board leadership roles.

CFPB deluged with open banking comments

Banks and fintechs aired their arguments regarding the federal agency’s proposed revision of a rule on sharing consumer data.

5 hot topics BofA CEO Brian Moynihan is watching

The Bank of America chief, speaking Tuesday at the American Bankers Association’s annual convention, talked stablecoins, cybersecurity and the importance of new regulations that “can’t be taken apart easily.”

Capital One reaps post-acquisition rewards

The bank reported an 80% jump in profit in the third quarter, launched a $16 billion stock repurchase plan and cited a desire to boost its exposure to auto lending as it integrates Discover.

Warren, Kim want FDIC to halt ILC charter approvals

“A moratorium would provide Congress with an opportunity to address a longstanding crack in the wall separating banking and commerce before it becomes a chasm,” the senators wrote Monday.

U.S. Bank adds small business banking role

Heather Kesner, who’s been at the Minneapolis-based lender for six years, oversees a team of 650 small banking specialists and a national sales team that works with clients remotely.

Suncoast eyes member credit growth with Bloom+

“Credit's always been this chicken-or-the-egg,” said Bloom Credit CEO Christian Widhalm. “If you don't have credit, it's hard to get credit.”

Illinois’ HBT makes a $170.2M deal to stretch footprint to St. Louis

Purchasing Carlinville, Illinois-based CNB Bank Shares would add $1.8 billion in assets, $1.5 billion in deposits and $1.3 billion in loans to HBT’s balance sheet, along with 18 locations.

Waller floats ‘skinny’ Fed account

Federal Reserve Gov. Christopher Waller proposed the central bank’s staff explore creating a new limited payments account that might be suited to fintechs.