BankThink

Seacoast’s new CEO takes M&A baton and runs with it

03/24/21

Four months into the job, Charles Shaffer has struck a deal for Legacy Bank of Florida and is eyeing more acquisitions. His predecessor, Dennis Hudson III, built Seacoast with more than a dozen buyouts across the Sunshine State.

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Capital One wager lifts travel startup Hopper to unicorn status

03/24/21

Capital One Financial led a $170 million investment in the startup Hopper as the financial giant seeks to make a deeper push into travel.

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Changing channels: How the pandemic shaped bank marketing

03/24/21

Banks ditched radio ads, direct mail and sports sponsorships and instead produced spots for social media, video games and streaming services, all while adjusting their messages to feel more relevant to the times. Now, with coronavirus cases declining, will they return to the old normal?

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Earnings surge at Texas Trust Credit Union

03/24/21

The Arlington-based institution made gains across several metrics in 2020, including loan growth of 22%, driven in part by the mortgage refi boom.

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U.S. Bancorp tool helps protect overambitious savers

03/24/21

The Minneapolis company teamed with the fintech Personetics to develop an automated-savings feature on its app that goes beyond most rival offerings by monitoring cash flow and spending to determine safe amounts to set aside.

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Mastercard ties executive bonuses to environmental, social goals

03/24/21

Executive vice presidents and above will be evaluated on how they contributed to progress on efforts to curb the firm’s use of carbon, improve financial inclusion and reach gender-pay parity, CEO Michael Miebach said in a memo to staff.

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Succession plan in place at Marshfield Medical Center Credit Union

03/24/21

David Murphy, the credit union's vice president of risk and finance, will succeed Carol Adler, who is retiring.

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Wells Fargo selling trust unit to Computershare for $750 million

03/24/21

Wells Fargo, disposing of units to simplify operations, agreed to sell its corporate trust business to Australia’s Computershare Ltd. for $750 million.

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Fraser calls for better work-life balance; Wirecard implicated in pot scheme

03/24/21

Citi CEO says staff will be required in the office only three days a week after the pandemic; the company was allegedly involved in a plan to trick U.S. banks into processing marijuana sales.

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Can cash incentives help credit unions recruit new members?

03/24/21

Some institutions have experimented with cash-based rewards to kick-start membership growth, but it's unclear whether the strategy will be widely adopted.

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