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  • A panoramic view of Waikiki and Diamond Head from Tantalus lookout in the Puu Ualakaa State Park, Honolulu, Oahu, Hawaii.
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    Hawaii bank postpones acquisition-vote meeting

    Territorial Bank sent a letter urging shareholders to vote in favor of the acquisition by Los Angeles-based Hope Bancorp and not get distracted by another investor’s “illusory, non-binding, highly conditional” proposal.

    By Oct. 7, 2024
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    Jonathan Drake/Reuters

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    Hurricane Helene aftermath prompts card, cash troubles

    After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

    By Lynne Marek • Oct. 3, 2024
  • The exterior of Five Star Bank's Rancho Cordova office building is shown, with "Five Star Bank" in white letters at the top left of the building exterior. Explore the Trendline
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    Trendline

    Top 5 stories from Banking Dive

    Everything old is new again. One year after Citi’s reorganization, progress comes in “fits and starts.” Meanwhile, a contentious proposed rule is generating “voluminous” feedback after 14 months.

    By Banking Dive staff
  • From Tarantula lookout overlooking downtown Honolulu
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    Would-be acquirer Blue Hill boosts offer for Hawaii bank

    Territorial Bank rejected a third all-cash offer from the investor group Blue Hill Advisors, instead sticking with its planned acquisition by California’s Hope Bancorp.

    By Sept. 30, 2024
  • Europe’s other players are watching Commerzbank, UniCredit, too

    Executives from BNP Paribas and BBVA weighed in on the state of M&A and offered differing theories about why the continent is falling short globally against Wall Street.

    By Sept. 27, 2024
  • UniCredit’s Orcel labels Commerzbank buy-up merely ‘an investment’

    The Italian CEO said a tie-up with Germany’s second-largest lender would be best, but only under the right terms. Meanwhile, if Commerzbank is looking for a lifeline, it won’t be from Deutsche Bank.

    By Sept. 25, 2024
  • Commerzbank names next CEO amid UniCredit advances

    Executives met to discuss strategy after Italy’s UniCredit rapidly amassed a sizable stake in the German bank, in what may be a hostile push to create a European counterbalance to Wall Street.

    By Sept. 24, 2024
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    NY credit union-bank tie-up pushes 2024 to brink of M&A record

    Rochester-based ESL's proposed acquisition of Generations Bancorp is the 16th announced whole-bank purchase by a credit union this year, tying it with 2022.

    By Sept. 24, 2024
  • The Sphere and other buildings in the Las Vegas skyline are shown on a clear day, with greenery in the foreground.
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    Ethan Miller / Staff via Getty Images
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    Las Vegas’ Lexicon Bank bets on growth with nonprofits

    As a de novo, the lender experienced quick growth through PPP loan processing. Now, it aims to build on its business with nonprofits, CEO Stacy Watkins said.

    By Sept. 24, 2024
  • Bank of America ATMs are seen in NYC.
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    Bank of America on pace to open 165 branches by 2026

    The lender’s expansion will include roughly 40 branch openings this year, including its first location in Louisville, Kentucky.

    By Sept. 23, 2024
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    Western Alliance sharpens California middle-market focus

    After last year’s turmoil, the regional lender is adding bankers to serve aerospace and agriculture clients in the state, said Julian Parra, a BofA veteran hired to grow the bank’s business with middle-market clients.

    By Sept. 23, 2024
  • An aerial image of Trenton, Jersey shows the capital building and the surrounding area in the evening.
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    First Bank CEO: Small banks will need more deposits before lending can take off

    If smaller banks aren’t able to attract more deposits, they may have to get comfortable with slower loan growth, the CEO of New Jersey’s First Bank suggested.

    By Sept. 20, 2024
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    NY’s Five Star Bank pivots away from BaaS

    The bank cited regulators’ changing expectations. Banking-as-a-service accounts for 2% of Five Star’s deposits and less than 1% of its loans and two of its 12 clients have already begun offboarding, it said.

    By Sept. 20, 2024
  • Two people walk past a Chase bank branch.
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    JPMorgan creates role to oversee junior bankers’ ‘wellbeing’: memo

    Ryland McClendon’s appointment comes amid a spike in concern over the workload and expectations of associates and analysts after a 35-year-old Bank of America banker died in May.

    By Sept. 19, 2024
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    Silvergate exec cites ‘supervisory pressure’ in bankruptcy filing

    The crypto-heavy bank's parent company has no remaining lines of business and followed its subsidiary into Chapter 11 on Tuesday.

    By Sept. 19, 2024
  • Green and white signage on the exterior of a building reads "TD Bank."
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    Spencer Platt / Staff via Getty Images
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    TD CEO Bharat Masrani to retire in April

    Raymond Chun, TD’s head of Canadian personal banking, will become the lender’s next CEO, as the bank works to resolve issues within its U.S. anti-money laundering program.

    By Sept. 19, 2024
  • An exterior shot of the Department of Justice building shows the words "Department of Justice" and an American flag flying above.
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    DOJ joins OCC, FDIC in updating bank merger guidelines

    Regulators’ revamped guidelines increase the agencies’ discretion, which is likely to stoke industry uncertainty and, perhaps, extend the timeline to approval, analysts say.

    By Sept. 18, 2024
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    Carver Bank taps JPMorgan, Citizens vet as new CEO

    Donald Felix, a 25-year banking veteran, will succeed Craig MacKay, who became interim CEO of the Black-owned bank last year when the company weathered a “hostile takeover” attempt from an investor.

    By Sept. 17, 2024
  • A person wearing a blue hat and light t-shirt walks past a KeyBank branch location, as the glass reflects the street scene.
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    KeyBank CFO eyes opportunities through Scotia deal

    The two banks are exploring potential partnership opportunities – and their geographic footprints might allow a jumping-off point, KeyBank CFO Clark Khayat said last week at a conference.

    By Sept. 16, 2024
  • A Citi bank branch is shown, as a person walks by. Window signs advertise the bank's offerings.
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    Citi tech chief to share data responsibility with COO: memo

    Anand Selva will co-lead the data program with Tim Ryan. Japan Mehta, the outgoing data chief, will transition Ashutosh Nawani into the new role of head of enterprise data office and data transformation, the memo said.

    By Sept. 16, 2024
  • Aerial shot of an urban area along a river, with bridges connecting development on each side of the river
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    Art Wager via Getty Images
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    EverBank to buy Michigan’s Sterling Bank for $261M

    The deal includes 25 branches, $900 million in loans and $2 billion in deposits; but not Sterling’s sole Michigan branch or its $372.9 million portfolio of residential tenant-in-common mortgage loans.

    By Sept. 16, 2024
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    Courtesy of U.S. Bank
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    U.S. Bank reaches its proving ground

    The super-regional is at an “inflection point” after recent acquisitions and tech updates, CEO Andy Cecere said at the bank’s investor day. One analyst, however, is calling for “a new set of eyes at the top.”

    By Sept. 13, 2024
  • RBC names interim CFO Gibson as permanent

    The move presumably puts more distance between the bank and Gibson’s predecessor, Nadine Ahn, who has sued the bank for wrongful dismissal and damages.

    By Sept. 12, 2024
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    BofA, JPMorgan, others urged to stop financing livestock production

    An open letter singles out the nation's largest banks for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.

    By Sarah Zimmerman • Sept. 12, 2024
  • The Federal Reserve building at sunset.
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    9 crucial reactions to the capital requirements preview

    BofA and JPMorgan execs talk death, despair and a lack of specifics, while lawmakers and regulators appear to fall along party lines in the snowballing fight over the Basel endgame.

    By Sept. 11, 2024
  • Two people walk by a Citi branch in a downtown setting
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    Citi’s chief accounting officer exits

    Johnbull Okpara is leaving the bank after nearly four years to pursue another opportunity, according to an SEC filing Tuesday. Robert Walsh was named interim CAO.

    By Sept. 11, 2024