BankThink

Quontic Bank launches bitcoin rewards checking with help from NYDIG

12/15/20

The community bank and fintech are offering the first live bank account and debit card that offer rewards in the form of bitcoin.

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Florida group looks to form bank

12/15/20

Waterfall Bank, which has ties to an investment group that handles affairs for family offices, would be based in the Tampa Bay area.

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CRE market could get even worse; U.K. mortgage lenders move to 90% LTV

12/15/20

The already-struggling commercial property market may face even more problems in 2021; NatWest, joins Lloyds Bank in lowering down payments in a booming residential market.

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Another round of hazard pay unlikely as pandemic’s second wave worsens

12/15/20

Some credit unions that gave bonuses to front-line staff at the onset of the coronavirus outbreak may be too cash-strapped to offer similar payouts during this latest surge.

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Ameriprise, CI eyeing Wells Fargo's asset management arm

12/14/20

Wells Fargo, reeling from years of scandals, is unloading several businesses as it seeks to simplify its structure. The sale of the asset management unit could fetch more than $3 billion, according to industry sources.

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U.S. lost 5% of bank branches between 2017 and 2020

12/14/20

The accelerating pace of branch closures is partly due to industry consolidation, according to the community reinvestment group that authored the new report.

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Huntington bets economic rebound, cost savings will justify TCF deal

12/14/20

The Columbus, Ohio, company says it has delivered on M&A promises before, and many observers say its deal for rival TCF Financial is an opportunistic move in its bid to build a Midwestern powerhouse. But others questioned whether Huntington's cost-cutting and profit expectations are too optimistic.

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Happy State expanding share of West Texas market with acquisition

12/14/20

The Amarillo bank is buying First National Bank of Tahoka, continuing the industry’s consolidation in the state.

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Kyle Hauptman formally joins NCUA board

12/14/20

Hauptman said dealing with the economic fallout from the coronavirus was a top priority for the agency, along with aligning incentives and expanding the use of technology in the industry.

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Banks play catch-up as customer shift to digital accelerates

12/14/20

The mobile banking and paperless habits bank customers picked up during the pandemic are here to stay, and financial institutions are working to strengthen their digital offerings, speakers at an American Banker conference said.

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