Bankruptcy Blogs

CUTX ramps up testing for COVID, antibodies

12/29/20

The Allen, Texas-based institution is crediting a robust on-site medical program with helping keep staff and members safe.

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Our most read credit union stories from 2020

12/29/20

Fallout from the coronavirus pandemic consumed the industry this year, but other events, including a scandal at the National Credit Union Administration and a credit union under fire for lack of board diversity, also made waves.

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11 fintech M&A deals that defined 2020

12/29/20

The year 2020 was disruptive and chaotic. And while it derailed or delayed some companies' plans for growth, it also created opportunities for new combinations — or, at the very least, didn't slow them down.

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JPMorgan Chase to buy credit card loyalty platform cxLoyalty

12/28/20

JPMorgan Chase is buying Stamford, Conn.-based cxLoyalty, a major credit card loyalty platform, in a bid to enrich its own card loyalty programs when travel resumes following the global pandemic.

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Bankers doing good: Uplifting stories from a downbeat year

12/28/20

For better or worse, financial firms are often cast as villains, but in this year marked by pandemic, economic hardship and protests over racial injustice, they have often been a force for good. Here are 11 stories (and one gallery) of how banks, fintechs and others in the industry stepped up in 2020 to address inequality and help employees, customers and communities in need.

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First Reliance in S.C. cites growth push in announcing executive moves

12/28/20

The company promoted two executives as part of an effort to revamp its leadership team and establish a bigger presence in the Carolinas.

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Cross River chief prepares for PPP encore

12/28/20

Gilles Gade, one our community bankers to watch in 2021, led an effort that made Cross River Bank one of the biggest Paycheck Protection Program participants. He is ready for his team to pick up where it left off when the new stimulus package kicks in.

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Credit unions get their wish with extension of CLF changes

12/28/20

Provisions implemented under the CARES Act that made it easier for institutions to utilize NCUA's Central Liquidity Facility have been extended for a year with the signing of Consolidated Appropriations Act.

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Small bank, startup join forces on compliance tech

12/28/20

Coastal Community in Washington is an investor in and the first client of Synctera, a software company that aims to help community banks manage their fintech relationships, including regulatory obligations.

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Sudden change at the top of New York Community

12/28/20

Longtime chairman and CEO Joseph Ficalora will step aside Thursday as head of the regional bank and be succeeded by CFO Thomas Cangemi.

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