F.N.B. to Retain Several Yadkin Executives After Merger Closes
F.N.B. in Pittsburgh plans to retain some Yadkin Financial executives and assign them to key roles after it closes its purchase of the North Carolina bank. American Banker
Blog
These Banks Are Funding Fintech
The era of banks and fintech companies cozying up to each other is in full bloom. Fintechs realize they can better disrupt the industry from within, while banks are looking for partners to help them navigate the digital world. Here’s a look at how banks worldwide are buying, investing in and in some cases lending
Canadian Banks Have Reason to Keep Roaming in U.S.
U.S. acquisitions have buoyed profits at Canada’s biggest banks, whose domestic economy is sluggish and possibly on the verge of a housing crisis. The banks are expected to pursue more M&A in the U.S. if that problem persists. American Banker
Banks Should Go Back to Basics on Cyber Defense
The most important cybersecurity questions in banking are also the most basic: Who has administrator access? What kind of programs are installed on computer systems? “If I can’t answer those questions, I’m sure the criminal can,” says Andre McGregor, director of security at Tanium. American Banker
Morning Scan: Reforming the Fed; New Digital Currency?
Wall Street Journal Arbitration rule comments: The CFPB received nearly 13,000 comments on its proposed rule that would restrict the use of mandatory arbitration clauses and make it easier for consumers to sue banks. The rule would prohibit financial services companies from using the clauses to block class-action suits, although consumers would still be required
A Bank Dealmaker Who’s Made Relationship-Building His Brand
United Bankshares in West Virginia has quietly become a $ 14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs. One recent seller is a repeat customer. American Banker
AI’s Disruption of Banking Is Inevitable – For Better or Worse
Stakeholders must come together to make sure that artificial intelligence disrupts banking in a manner that incorporates constitutional values and provides responsible banking services to everyone. BankThink
First National in N.M. Names New CEO Ahead of Merger
The chairman of First National Bank of Santa Fe has accepted additional duties ahead of the bank’s upcoming merger. American Banker
Merchants Bank in Pa. Hires Fulton Financial Exec as Chief
The $ 359 million-asset Merchants said in a press release Friday that Rocco Del Vecchio will succeed Anthony Biondi as chief executive on Aug. 22. Biondi is retiring after 12 years on the job. American Banker
Women in Banking: The Trouble with Leading a Turnaround
Carrie Dolan steps down as CFO of Lending Club. All eyes are on Marissa Mayer’s next move as the Yahoo-Verizon deal plays out – and speaking of women righting ships: Mary Hines talks about reviving Citi’s loyalty program. BankThink