BankThink

Bipartisan group reintroduces landmark pot banking bill

03/18/21

The legislation easily passed the House in 2019 but was never considered in the Senate. Observers see a more promising path forward this time.

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Challenger bank rolls out first FICO-free credit card

03/18/21

TomoCredit relies strictly on cash-flow data to gauge the creditworthiness of immigrants and young consumers, who often have too little financial history for traditional scoring models.

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Bank of Tampa lines up first-ever acquisition

03/18/21

The Florida bank will expand to the east with its pending purchase of Hillsboro Bank.

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Pawtucket Credit Union finds new leadership close to home

03/18/21

The Rhode Island institution's next CEO has led lending operations at nearby Navigant Credit Union since 2017.

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Powell says central bank digital currency must coexist with cash

03/18/21

Potential central bank digital currencies would need to be integrated into existing payment systems alongside cash and other forms of money, Federal Reserve Chair Jerome Powell said.

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What’s driving nonbanks to buy banks? Cheap deposits

03/18/21

Like the fintechs SoFi and LendingClub, DLP Real Estate Capital is acquiring a community bank largely to lower the cost of funding loans.

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Altabancorp board faces challenge from big investor group

03/18/21

Members of the Gunther family who own about a third of the Utah company's stock said they plan to vote against several directors at this year's annual meeting.

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Florida banking veteran planning de novo

03/18/21

Keith Costello, who is looking to form Locality Bank, was president and CEO of First Green Bank when it was sold in 2018.

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Credit unions need a new mortgage servicing model

03/18/21

As the refi boom continues, many lenders will need to find the right balance of staffing and technology to meet members’ needs.

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Goldman Sachs seeks volunteers for move to West Palm Beach digs

03/18/21

Goldman Sachs Group’s plan to move part of its asset management unit to Florida is gaining momentum, as the Wall Street bank discreetly seeks volunteers for the first wave and prepares office space.

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