BankThink

How First Citizens-CIT deal finally got done

11/18/20

CIT Group over a year's time brushed off several offers from First Citizens BancShares, entertained rival bids and kept negotiating on price and board representation before striking a deal, according to a new regulatory filing.

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Moven and Q2 partner to help small banks compete with challengers

11/18/20

The two companies have worked together to provide a banking app that community banks can implement and deploy in 30 days.

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Financial Center First splits president and CEO roles

11/18/20

Cameron Minges will become president of the Indianapolis-based credit union effective Jan. 1.

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Google Pay overhaul adds in-app banking with Citi, Stanford FCU and others

11/18/20

Google has redesigned Google Pay to add new financial management and loyalty features; and to offer consumers checking and savings accounts from partner banks and credit unions in 2021.

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CDFIs have untapped potential as game changers for minority-owned businesses

11/18/20

More lenders and governments should partner with community development financial institutions to ensure aid reaches minority-owned businesses that are the backbone of many neighborhoods slammed by the coronavirus.

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Mobile emerges as top preference for bank customers

11/18/20

A recent survey by the American Bankers Association found that mobile apps surpassed online banking as the go-to platform for consumers earlier this year, and its popularity has continued to rise since the onset of the pandemic.

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Michigan credit unions rebrand after merger

11/18/20

The name change, which will take effect Jan. 1, comes following the merger of CP Financial and Washtenaw Federal Credit Union.

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Shelton Fed vote falls short in Senate; consumers continue to shun credit cards

11/18/20

Republicans fail to muster enough votes but Mitch McConnell left open the door for another try; card balances drop again in third quarter but mortgages and auto loan outstandings rise.

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$100K and a dream: College senior plots student-run credit union

11/18/20

A group at George Washington University has been working to open a de novo institution to serve students, but the would-be institution faces a variety of hurdles before it can open its doors.

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Was reboot of this Fed crisis-relief program a bust?

11/17/20

The Term Asset-Backed Securities Loan Facility was brought back to inject $100 billion into the pandemic-battered economy, but only a fraction has been disbursed. Yet experts, pointing to its calming effects on markets, recommend that it be extended into next year.

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