Commercial: Page 5

  • The Space Needle stands over the Seattle skyline as Mt. Rainier is seen in the background.
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    Washington’s 1st Security names next CEO

    Matthew Mullet, who was named president of the bank in July 2024, will succeed Joseph Adams as CEO in September.

    By Rajashree Chakravarty • Aug. 21, 2025
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    Permission granted by Customers Bank
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    Customers CEO talks lessons learned from Fed enforcement action

    After investing to strengthen its risk management practices, the Pennsylvania bank now seeks to jump on the favorable atmosphere for digital-asset activities.

    By • Aug. 21, 2025
  • An AI processor on a futuristic printed circuit board Explore the Trendline➔
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    Trendline

    Artificial intelligence

    The heavily regulated banking sector rarely gets to trailblaze. But with AI, an all-in mentality is fueling both research and adoption.

    By Banking Dive staff
  • Thread Bank's new corporate HQ
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    Thread Bank digital chief advocates for unified AI strategy

    “We don't want 30 different vendors doing 30 different AI things,” said Marty Miracle, the Tennessee lender’s first chief digital officer.

    By Rajashree Chakravarty • Aug. 20, 2025
  • A purple "Truist" bank sign attached to the facade of a stone building is shown, with blue sky and a tall building behind it.
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    Caitlin Mullen/Banking Dive
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    Truist aims to build 100 new branches in a mass-affluent grab

    The bank is targeting high-growth markets such as Austin, Miami and Dallas in a push that involves hiring more advisers, refining its AI tools and renovating 300 of its current branches.

    By , • Aug. 20, 2025
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    Virginia’s TowneBank to buy NC’s Dogwood in $476.2M deal

    The move would add 17 branches – many along the I-85 corridor in the Carolinas. TowneBank is set to close a separate acquisition of Old Point Financial on Sept. 1.

    By • Aug. 19, 2025
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    Permission granted by Jefferson Bank
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    ‘The desire to sell, honestly, is not there’

    Jefferson Bank embraces independence as CEO Danny Butler's retirement approaches. “People like to do business with folks that know the community," Butler said. "That's where banks of our size fit."

    By • Aug. 19, 2025
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    Roberto Galan via Getty Images
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    Evolve Bank names CEO with regulatory expertise

    Consultant and FDIC vet Bob Hartheimer has taken the reins at Evolve Bank & Trust and aims to “restore trust” in the embattled bank.

    By • Updated Aug. 13, 2025
  • One person sits on a bicycle and another on a bench near a waterfront spot with the Toronto skyline in the distance.
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    Jemal Countess / Stringer via Getty Images
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    CIBC taps new US CEO

    The Canadian bank named Kevin Li the next CEO of its U.S. operations. Current U.S. CEO Shawn Beber will shift to a special adviser role in November before retiring next July.

    By • Aug. 13, 2025
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    Ohio’s First Financial expands Chicago footprint in $142M deal

    The acquisition of BankFinancial, set to close in the fourth quarter, comes roughly a month and a half after First Financial proposed a $325 million purchase of a fellow Ohio lender. 

    By Rajashree Chakravarty • Aug. 12, 2025
  • Boston skyline with a view of Prudential Center
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    Maddie Meyer via Getty Images
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    Berkshire, Brookline dub their post-merger brand Beacon

    The name draws a strong association with Boston, a key market for both banks. The companies expect the $1.1 billion deal to close by September, with systems integration early next year.

    By • Aug. 11, 2025
  • A person walks out of the entrance way of a stone and glass building that has a "Wells Fargo" sign above the street corner entrance.
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    Caitlin Mullen/Banking Dive
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    Wells Fargo won’t face class-action mortgage discrimination lawsuit

    A federal judge denied class action certification in a mortgage redlining lawsuit against the lender, saying the plaintiffs “did not identify any ties that bind for purposes of commonality.”

    By Rajashree Chakravarty • Aug. 7, 2025
  • A Citizens Bank branch on a New York City street is seen as people walk by in front of the building.
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    Caitlin Mullen/Banking Dive
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    Small businesses turn to financial advice, data for growth: Citizens survey

    Small business owners who rely on cash flow tools tend to have “higher confidence” and make informed decisions, according to Citizens’ head of business banking, Mark Valentino.

    By Rajashree Chakravarty • Aug. 6, 2025
  • Tampa, Florida, skyline is pictured at dusk
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    Florida’s BayFirst sheds 51 jobs, shutters SBA loan platform

    The bank’s COO called out older, smaller loans as a trouble spot. BayFirst counted $1.5 million in first-half losses and expects to take a third-quarter restructuring charge. It’s also suspending dividend payouts.

    By • Aug. 6, 2025
  • Woman stands under TD Bank sign.
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    Drew Angerer via Getty Images
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    TD names first US small-business head

    Chris Ward joined TD last year after seven years at Bank of America. Now he takes on a new role, for him and TD, as its head of U.S. small business.

    By • Aug. 6, 2025
  • An aerial shot of Little Rock, Arkansas shows a river, bridges and a number of downtown buildings.
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    Simmons names next chief; CEO Makris to retire

    Jay Brogdon will succeed George Makris Jr. after he retires at year end. Marty Casteel, a director of the company, will become chair Jan. 1, 2026.

    By Rajashree Chakravarty • Aug. 5, 2025
  • People enter and exit UBS Bank in NYC.
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    Chris Hondros via Getty Images
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    UBS to pay $300M to settle Credit Suisse mortgage securities case

    The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations from the 2017 settlement, UBS said Monday. 

    By Rajashree Chakravarty • Aug. 4, 2025
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    Spencer Platt via Getty Images
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    Ex-Flagstar CEO accused of illegal conduct

    A former compliance executive at the bank sued Alessandro DiNello, saying the ex-CEO knew of a client’s money laundering and discussed sensitive information while a “junior employee sat on his lap.” 

    By Rajashree Chakravarty • Aug. 1, 2025
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    Frost CEO: Lending competition heating up

    For the Texas bank, loans lost to other lenders because of structure continued to increase in the second quarter. “I think this represents the level of competition developing in the market,” CEO Phil Green said.

    By • Aug. 1, 2025
  • The building features a modern glass façade with the Citibank logo prominently displayed above the entrance. Pedestrians are visible on the sidewalk, and the surrounding area includes other commercial buildings.
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    Alamy
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    Citi targets commercial clients going through global growing pains

    The lender is angling to consolidate banking business for mid-sized corporate clients who’ve racked up a litany of banking partners around the world, according to the global head of Citi’s commercial bank.

    By • July 31, 2025
  • An entrance to a Madison Avenue JPMorgan Chase building is shown, with revolving doors and a person walking in the foreground.
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan teams up with Coinbase

    The U.S.’s biggest bank will partner with the crypto exchange to link Chase bank accounts and Coinbase crypto wallets.

    By Rajashree Chakravarty • July 30, 2025
  • A brick commerical building entrance facade with a "Capitol One Bank" logo displayed above the doors.
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    Alamy
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    Capital One delivers few details on $265B community plan

    A year after touting a community investment proposal as part of an effort to acquire Discover, the card issuer has yet to lay out program specifics.

    By Tatiana Walk-Morris • July 30, 2025
  • A modern building facade with "Wells Fargo" signage above the entrance is shown, as people pass by on the street.
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    Caitlin Mullen/Banking Dive
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    Post-asset cap, Wells chases government banking growth

    In government banking, “we have felt it, reputationally,” a Wells executive said of the bank’s growth restraint and the issues that prompted it. Now, “our limitations are behind us.”

    By • July 29, 2025
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    Drew Angerer / Staff via Getty Images
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    TD names next board chair

    John MacIntyre will take up the role Sept. 1, after Alan MacGibbon retires. MacIntyre has been an independent director at the bank since 2023 and is the chair of the board’s human resources committee. 

    By Rajashree Chakravarty • July 28, 2025
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    Louisiana credit union to buy in-state bank

    Heritage Nola’s nearly $26 million deal with OnPath Credit Union comes after the bank mutually terminated a merger proposal with a Louisiana lender, MC Bancshares. 

    By Rajashree Chakravarty • July 25, 2025
  • a large shiny office building with the word SYNOVUS written on top, surrounded by trees
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    Courtesy of Synovus Financial
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    Pinnacle, Synovus to combine in $8.6B deal

    Synovus had been the subject of merger rumors earlier in the week. The deal could stand as a test case for banks primed to cross the $100 billion-asset threshold amid expected Trump-era deregulation.

    By • July 25, 2025