BankThink

Huntington shuttering dozens of in-store branches in Michigan

01/22/21

The Columbus, Ohio, company plans to close nearly 200 branches in the state — including more than 90 in Meijer grocery stores — after it acquires TCF Financial. It also intends to significantly boost its technology spending to improve its digital capabilities.

[more]

Deposit glut ties Regions' hands

01/22/21

Deposits are soaring while loan demand lags and mortgage-backed securities offer weak returns. So the Alabama company has parked loads of cash at the Fed in hopes the economy will pick up steam before profit margins suffer.

[more]

Late credit card payments at historically low levels in U.S.

01/22/21

U.S. credit card delinquencies reached record-low levels in 2020, as Americans took advantage of stimulus checks and adjusted their spending habits, according to a new report.

[more]

Ally’s diversification efforts starting to pay off

01/22/21

The auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in mortgage and unsecured consumer lending.

[more]

U.S. Bank branch closures, Capital One's AML fine, Fraser plots Citi's future: Top stories of the week

01/22/21

U.S. Bank accelerates branch closings as more customers go digital; Capital One fined $290M for 'willful' anti-money-laundering failures; incoming Citi CEO Fraser signals major changes ahead; and more from this week's most-read stories.

[more]

First Horizon squeezing more cost savings from Iberiabank deal

01/22/21

Pandemic-induced shifts in how people work and bank will allow the Tennessee company to shed more branches and office space. It now projects it will slash expenses by an additional $30 million a year.

[more]

North Bay's pot banking business gets a boost from new partnership

01/22/21

A recent agreement with the California Cannabis Industry Association will make it easier for legal cannabis businesses across the state to join the $92 million-asset credit union.

[more]

What's next for newly public BankMobile

01/22/21

The digital bank for students, which recently merged with a blank-check company, can tap its new source of capital to diversify and pursue more white-label partnerships.

[more]

With Democrats in power, will CRA be expanded to nonbanks?

01/22/21

President Biden and Democrats in Congress have backed plans to subject a broader array of companies to Community Reinvestment Act requirements. But there’s no guarantee such reforms will happen.

[more]

Rising revenues fuel minimum wage hike at Oregon Community Credit Union

01/22/21

The Eugene-based institution joined a small but growing number of credit unions that have raised their entry-level pay in recent years.

[more]