Dimon points to ‘turbulence,’ sees uncertainty persisting through July

The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.

By Caitlin Mullen • April 11, 2025

Tariffs may prompt clients to revisit supply chain financing: Wells exec

Flexible financing “will be essential to businesses” if higher-than-expected tariffs take effect, said Jeremy Jansen, Wells Fargo's managing director of supply chain finance.

By Caitlin Mullen • April 11, 2025

Explore the Trendline➔

M&A

President Donald Trump’s reelection was predicted to yield loosened regulation. But tariff volatility and economic uncertainty has thrown a wrench into an expected boom in mergers and acquisitions.

By Banking Dive staff

Treasury eyes bigger regulatory role, Bessent says

The treasury secretary said he wants regulatory tailoring to ensure smaller community banks matter on a wider scale.

By Caitlin Mullen • April 9, 2025

Fifth Third hires ex-M&T CFO to lead regional banking

Darren King will “drive strategy, cultivate talent and pursue growth” as Fifth Third pushes southeast, the bank said. He succeeds Kris Garrett, the lender’s retiring wealth and asset manager.

By Dan Ennis • April 9, 2025

Webster Bank risk chief to retire

Daniel Bley will leave his role after the Connecticut-based bank finds his replacement, the lender said last week. 

By Rajashree Chakravarty • April 8, 2025

PNC picks BlackRock vet as next president

Mark Wiedman, most recently the head of BlackRock’s global client business, was named the super-regional’s next president, filling the vacancy left when Michael Lyons departed to lead Fiserv earlier this year.

By Caitlin Mullen • April 8, 2025

Dimon frets over tariff uncertainty in annual letter

The CEO of the biggest U.S. bank said he sees President Donald Trump’s tariff policy as "one large additional straw on the camel’s back."

By Caitlin Mullen • April 7, 2025

Virginia banks to combine in $203M deal

TowneBank said Thursday it will acquire Old Point Financial. Towne completed a merger with Village Bank and Trust Financial Corp. this week.

By Rajashree Chakravarty • April 4, 2025

Hope Bancorp completes merger with Territorial

The Los Angeles bank's victory caps a nearly yearlong battle for the Hawaii lender, which saw repeated competing offers from Blue Hill Advisors.

By Rajashree Chakravarty • April 3, 2025

HomeStreet to merge with California’s Mechanics Bank

The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.

By Dan Ennis • April 1, 2025

FB Financial to acquire Southern States for $381M

Acquiring $2.8 billion-asset Southern States would grow Nashville, Tennessee-based FB to $16 billion in assets and expand its footprint in Alabama and Georgia.

By Caitlin Mullen • April 1, 2025

Goldman’s $80M executive bonuses draw flak from proxy adviser

Glass Lewis recommended investors vote against Goldman Sachs’ CEO and president each receiving $80 million retention bonuses. 

By Rajashree Chakravarty • March 31, 2025

U.S. Bank executive dead in plane crash

A plane that crashed in a Minneapolis suburb Saturday was registered to Terry Dolan, the lender’s chief administration officer. CEO Andy Cecere confirmed in a Monday memo to employees that Dolan died in the crash.

By Caitlin Mullen • Updated March 31, 2025

Truist’s wealth advisers hone their listening ear

The Charlotte, North Carolina-based bank is emphasizing listening cards to guide advisers' conversations with clients past the pitch stage.

By Caitlin Mullen • March 28, 2025

OCC nominee Gould aims to ‘shine a spotlight’ on de-banking

“I think too often reputation risk is used as a pre-text for other motives,” Jonathan Gould, an OCC veteran President Donald Trump tapped to lead the agency, told lawmakers at a hearing.

By Caitlin Mullen • March 27, 2025

Fed hands Tennessee bank a cease-and-desist order

The central bank identified weaknesses in Frankewing Bancshares’ operations, including its inability to provide financial and managerial support to the bank.

By Rajashree Chakravarty • March 25, 2025

TD close to offloading $9B mortgage portfolio

The sale, set to close at the end of the month, reflects the Canadian lender’s efforts to simplify its portfolio as part of a strategic review, CEO Raymond Chun said Tuesday.

By Caitlin Mullen • March 25, 2025

Patriot National raises $50M, CEO exits

CEO David Lowery will depart the Connecticut-based bank next month. That leaves Steven Sugarman, hired as the bank’s president in January, as its highest-ranking executive.  

By Rajashree Chakravarty • March 24, 2025

Fed’s Bowman: Let’s rethink negative comment review for bank applications

Commonwealth Business Bank applied to open a branch in New Jersey last September, but one adverse comment routed the application to the central bank’s board for review and vote, the potential supervision czar said.

By Caitlin Mullen • March 24, 2025

Coastal Community Bank self-identifies material weakness

The Everett, Washington-based company restated its financial reports for 2023 and the first three quarters of 2024. The lender recently inked a partnership with neobank Dave.

By Rajashree Chakravarty • March 20, 2025

Bank customers want clearer communication on cybersecurity: survey

Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.

By Caitlin Mullen • March 20, 2025

Grasshopper lines up new executives amid lending push

The $867.5 million-asset digital bank added a slew of new lending executives this week, as the lender seeks to jump off loan growth that's come in part from its embedded finance business.

By Gabrielle Saulsbery • March 19, 2025

UK’s OakNorth to acquire Michigan community bank

The London-based digital bank will buy Community Unity Bank to get a U.S.-based charter and gain a toehold among lower mid-market businesses.

By Rajashree Chakravarty • March 19, 2025

Atlanta-area banks to combine in $206M deal

MetroCity’s acquisition of crosstown rival First IC, also focused on serving Korean-American businesses, will create a bank with $4.8 billion in assets, the lenders said.

By Dan Ennis • March 19, 2025

Fintech SmartBiz buys Illinois bank

Initially, the fintech considered obtaining its own charter, but decided it made more sense to find a lender open to acquisition that could complement SmartBiz’s strengths, said CEO Evan Singer.

By Caitlin Mullen • March 18, 2025