Evolve Bank ‘failed in its most basic duty,’ stole from customers ...
Sep 18, 2024 · Evolve Bank ‘failed in its most basic duty,’ stole from customers: lawsuit The allegations come from Yotta Technologies, a fintech that says its customers are currently locked out of more than $100 million in funds.
Banking News and Analysis | Banking Dive
Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
Huntington wants to open 55 branches in Carolinas over 5 years
Sep 9, 2024 · Dive Brief: Huntington Bank is expanding in North and South Carolina, targeting 55 branch openings in those states over the next five years, the Columbus, Ohio-based lender said Monday.; The first North Carolina branches will be located in Charlotte, Raleigh and Winston-Salem, while initial South Carolina branches will be established in Charleston, Columbia and Greenville, said CFO Zach ...
5 lessons learned from Synapse’s collapse | Banking Dive
Oct 30, 2024 · Amid the Synapse ordeal, the FDIC proposed a recordkeeping rule last month to bolster recordkeeping for bank deposits received from third-party or non-bank entities that accept those deposits on behalf of consumers and businesses. The proposal aims to address the risks related to these third-party arrangements, like faulty account ledgering, and protect depositors.
FirstSun, HomeStreet terminate merger | Banking Dive
Nov 20, 2024 · Denver-based FirstSun Capital Bancorp and Seattle-based HomeStreet have agreed to terminate their proposed merger after determining “it is in the best interests of their respective companies,” both firms said in filings Tuesday.. The termination comes roughly three weeks after the banks disclosed they were “discussing the pursuit of an alternative regulatory structure ” for the deal ...
Arizona credit union-bank deal pushes 2024 to new record
Oct 4, 2024 · Dive Brief: Phoenix, Arizona-based OneAZ Credit Union has agreed to acquire 1 st Bank Yuma in an all-cash transaction, the companies announced Thursday.; That makes a record 17 announced instances this year of credit unions buying whole banks – …
Busey, CrossFirst to merge in $916.8M deal - Banking Dive
Aug 27, 2024 · Dive Brief: Champaign, Illinois-based Busey Bank and Leawood, Kansas-based CrossFirst Bank will merge in a $916.8 million all-stock transaction set to close in the first half of 2025, the banks said Tuesday.; The combination will create a bank with a 10-state footprint, counting 77 locations, roughly $20 billion in assets, $17 billion in deposits, $15 billion in loans and $13 billion in wealth ...
2025 banking conference roundup | Banking Dive
Oct 1, 2024 · A gathering centered on strategy sessions meant to grow businesses and brands. It’s aimed at bankers and other finance professionals, but it’s drawing talent from outside that sphere — with keynotes from Kevin O’Leary of “Shark Tank” fame and renowned animal trainer Cesar Millan and a comedy set from “Saturday Night Live” alum David Spade.
Don’t lift Wells Fargo asset cap, Warren tells Fed
Nov 21, 2024 · Sen. Elizabeth Warren, D-MA, urged Federal Reserve officials, in a letter Tuesday, to reject a plea by Wells Fargo to lift an asset cap that has halted the bank’s growth since 2018.. The bank submitted a third-party review of changes to its risk management and controls for the central bank to analyze, Bloomberg reported in September. But that submission came on the heels of a broad ...
Breaking down capital requirements - Banking Dive
Dec 4, 2023 · Picture this: You’re in your car, driving down the road, and something goes awry. Your car is out of control, and it comes to an abrupt stop when it hits something; and it hits something hard enough that your airbags deploy.