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

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

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

Northern Trust exec: Crypto rule changes may ease tokenization

Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.

By Gabrielle Saulsbery • March 17, 2025

Fed OKs Renasant, EverBank acquisitions

The central bank issued two approvals Friday, allowing two Mississippi banks to merge in a $1.2 billion deal, and EverBank to acquire components of Sterling Bank for $261 million. Both deals are set to close April 1.

By Caitlin Mullen • March 17, 2025

Fed drops enforcement action against Lake Shore Savings Bank

The central bank terminated its enforcement action last week, about three months after the Office of the Comptroller of the Currency dropped its consent order against the lender.

By Rajashree Chakravarty • March 14, 2025

Webster eyes $100B threshold, invests in hiring and tech

The Connecticut-based bank aims to hire about 200 people this year, including adding about two dozen technology and cybersecurity employees, Webster’s CIO said.

By Caitlin Mullen • March 14, 2025

CIBC CEO Victor Dodig to retire in October

Harry Culham, the lender’s capital-markets chief, will succeed Dodig at the helm of Canada’s fifth-largest bank.

By Dan Ennis • March 13, 2025

NYDFS chief details changes spurred by Signature failure

The regulator implemented new escalation protocols and an operational stress testing exercise to keep a closer eye on the “C students” under its watch, Adrienne Harris said Tuesday.

By Caitlin Mullen • March 12, 2025

Wells Fargo sues JPMorgan over $481M CRE loan

JPMorgan failed to conduct due diligence on the commercial real estate loan, then quickly offloaded the risk, “taking home millions of dollars of fees in the process,” Wells asserted.

By Caitlin Mullen • March 11, 2025

Trump Organization accuses ‘woke’ Capital One of de-banking

The lender de-banked some 300 Trump Organization accounts because it believed “the political tide at the moment favored doing so,” a lawsuit contends. Eric Trump has suggested more big banks may be targeted.

By Caitlin Mullen • March 10, 2025

BofA eyes personalization, speedier onboarding for business clients

The team behind the bank’s CashPro platform is making tweaks and enhancements to bring more of the consumer experience to the digital business banking space, a CashPro product executive said.

By Caitlin Mullen • March 6, 2025

LA-based Hope gets regulatory nod to merge with Territorial

Hope Bancorp received regulatory approval less than a year after announcing the deal. The merger is expected to be completed at the beginning of April.

By Rajashree Chakravarty • March 4, 2025

Valley National Bank bolsters its C-suite

The New Jersey-based lender elevated its interim finance chief to CFO and named an M&T Bank veteran as its next commercial bank president.

By Caitlin Mullen • March 3, 2025

Florida serial acquirer strikes again with $110M deal

Seacoast Banking Corp. seeks to expand its footprint in central Florida by buying Heartland Bancshares in a stock and cash deal. 

By Rajashree Chakravarty • Feb. 28, 2025

KeyBank, Treasury Prime partner on embedded banking

The partnership, targeted at fintechs and institutional clients, will focus on faster revenue generation and simpler technical uplifts. 

By Rajashree Chakravarty • Feb. 27, 2025