Regulators are alarmed about banks' rising exposure to high-risk corporate credits and want more data on how they would perform in a recession.
The Iowa company will pay $280 million to gain 25 branches and $1.2 billion in loans.
Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S. bank.
The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures.
David Hanrahan had been CEO of Capital Bank of New Jersey, which was sold last year to OceanFirst Financial.
Wings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter.
M&T hires Aarthi Murali away from JPMorgan Chase as its customer experience chief; when a small town loses its only bank; why more banks are ditching their legacy core vendors; and more from this week’s most-read stories.
The company will pay $15.5 million in cash for a bank with one branch and a large amount of low-cost deposits.
The Connecticut company will appoint Lawrence Seidman to become a director at its next annual meeting.
The company's new platform targets a narrow customer segment — frequent fliers.
