Commercial: Page 3


  • Aerial shot of an urban area along a river, with bridges connecting development on each side of the river
    Image attribution tooltip
    Art Wager via Getty Images
    Image attribution tooltip

    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 March 17, 2025
  • Seal of the Board of Governors of the United States Federal Reserve System.
    Image attribution tooltip
    LD via Getty Images
    Image attribution tooltip

    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 March 14, 2025
  • m&a handshake Explore the Trendline
    Image attribution tooltip
    Natalie Meepian via Getty Images
    Image attribution tooltip
    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
  • 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 March 14, 2025
  • A skyline shot of Toronto, Ontario, with a bright blue sky in the background.
    Image attribution tooltip
    R.M. Nunes via Getty Images
    Image attribution tooltip

    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 March 13, 2025
  • adrienne harris talking to senate
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    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 March 12, 2025
  • People pass the JPMorgan Chase headquarters building on May 26, 2023 in New York City.
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    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 March 11, 2025
  • Eric Trump NYC
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    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 March 10, 2025
  • BofA CashPro
    Image attribution tooltip
    Courtesy of Bank of America
    Image attribution tooltip

    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 March 6, 2025
  • A panoramic view of Waikiki and Diamond Head from Tantalus lookout in the Puu Ualakaa State Park, Honolulu, Oahu, Hawaii.
    Image attribution tooltip
    zhuzhu via Getty Images
    Image attribution tooltip

    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 March 4, 2025
  • new jersey highway sign
    Image attribution tooltip
    Getty Images/Staff via Getty Images
    Image attribution tooltip

    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 March 3, 2025
  • Miami
    Image attribution tooltip
    Robert King via Getty Images
    Image attribution tooltip

    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 Feb. 28, 2025
  • KeyBank partner with Treasury Prime
    Image attribution tooltip
    Permission granted by Treasury Prime
    Image attribution tooltip

    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 Feb. 27, 2025
  • Header image for "The Power of Partnerships: 6 Month Check-In With Chicago Transit System’s New CFO"
    Image attribution tooltip
    Chansak Joe
    Image attribution tooltip

    Old Second boosts Chicago-area footprint in $197M Evergreen deal

    The transaction will allow Old Second to expand into powersports lending. The deal comes six months after the bank agreed to buy five Chicago-area branches from Indiana’s First Merchants Bank.

    By Feb. 26, 2025
  • The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City.
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    JPMorgan to lay off 121 in NJ

    The cuts are part of what was previously reported, according to a spokesperson. Hundreds of open positions remain in New Jersey.

    By Feb. 25, 2025
  • wells fargo
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Wells Fargo targets the intersection of commercial, investment banking

    Snagging investment banking business with commercial clients is an especially high priority, an executive at the bank said. Wells also wants to “be in the conversation” on clients’ M&A activity.

    By Feb. 25, 2025
  • A skyline of New York City
    Image attribution tooltip
    TomasSereda via Getty Images
    Image attribution tooltip

    Dime hires Republic First ex-CEO Geisel

    The Long Island-based bank has made a point of scooping up talent from banks that faltered in 2023 and 2024. Tom Geisel will serve as Dime’s senior executive vice president of commercial lending.

    By Feb. 21, 2025
  • Aerial view of Kansas City, Missouri skyline during summer
    Image attribution tooltip
    Ryan Wewers via Getty Images
    Image attribution tooltip

    UMB embraces ‘consolidator’ role

    The bank’s recent acquisition of HTLF boosted its wealth business by 32% “overnight” and doubled its branch footprint. But UMB CEO Mariner Kemper said he is taking systems conversion deliberately slowly.

    By Feb. 20, 2025
  • A Wells Fargo flag flies in front of a Wells Fargo bank branch.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Wells Fargo clears 10th consent order; 4 remain

    The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management program and was tied to a $500 million penalty against the lender. 

    By Feb. 18, 2025
  • Wells Fargo branch exterior
    Image attribution tooltip
    Courtesy of Wells Fargo multimedia resources
    Image attribution tooltip

    Wells Fargo faces labor board complaint over union vote

    The National Labor Relations Board alleged the lender threatened and retaliated against workers in favor of unionization at a California branch.

    By Feb. 13, 2025
  • bank of america flag waving in Charlotte
    Image attribution tooltip
    Davis Turner/Stringer via Getty Images
    Image attribution tooltip

    ‘Taking stock’: BofA and JPMorgan execs weigh in on Trump 2.0

    While Bank of America CEO Brian Moynihan called the recent regulatory shift “classic re-engineering,” one peer exec said the changes “are taking all the oxygen in the room.”

    By Feb. 12, 2025
  • A man smokes outside a Standard Chartered bank location.
    Image attribution tooltip
    Matthew Lloyd via Getty Images
    Image attribution tooltip

    Mandy DeFilippo named Standard Chartered’s top US exec

    DeFilippo’s appointment comes after British peer HSBC also named a woman as U.S. CEO, and after U.S. Bank announced its next CEO will be a woman.

    By Feb. 12, 2025
  • Exterior of a Charles Schwab branch
    Image attribution tooltip
    Smith Collection/Gado/Getty Images via Getty Images
    Image attribution tooltip

    TD to sell entire Charles Schwab investment

    The expected sale of its 184.7 million shares comes after it sold 40.5 million Schwab shares last August.

    By Feb. 10, 2025
  • A vertical SMBC sign stands outside a glass office building.
    Image attribution tooltip
    Permission granted by SMBC
    Image attribution tooltip

    SMBC taps ex-TD exec as Americas COO

    Greg Keeley, who most recently served as the senior vice president of platforms and technology at TD, will join SMBC in April.

    By Feb. 7, 2025
  • People walk by a Citi location
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    Citi’s year-end promotions total 8,500

    That figure was similar to past years, following the bank’s broad reorganization and despite earlier reporting Citi would promote far fewer employees in 2024.

    By Feb. 7, 2025
  • The exterior of a Citizens Bank is pictured.
    Image attribution tooltip
    Kate Tornone/Banking Dive
    Image attribution tooltip

    Citizens chief experience officer to retire

    Beth Johnson, who’s held key leadership roles at the bank for 11 years, will step down in March. The bank is hiring for a new senior executive role overseeing an expanded corporate strategy function.

    By Feb. 3, 2025