The payments processor was among numerous firms earlier this year to withdraw an ILC charter application over questions about its plan.
Banks hoping to make working with the cannabis industry easier saw a positive sign this week when Congress removed the prohibition on a less potent substance.
The agency’s rate cap for banks that are less than well capitalized contains several flaws and poses problems for community banks.
The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.
The sale should increase Shore's capital levels and allow it to expand its banking activities.
Colony will also gain a loan production office in Atlanta when the transaction closes.
In a rare move, Maryland Financial is voluntarily liquidating after its customer base shrank and efforts to sell itself failed.
Ameris has agreed to pay $751 million for Atlanta-based Fidelity; the combined company would have $16 billion in assets.
Chicago Deferred Exchange, which helps clients defer tax hits from property sales, had about $1 billion in deposit flows this year.
Branch acquisitions, once a popular way to scale up in new markets, have started to go by the wayside in the digital age.
