Seven credit unions have asked Michigan's banking regulator for permission to launch a trust company, a move that bankers says oversteps that industry's role of helping people of "modest means."
Loan growth accelerated for those in our annual ranking of banks with assets of $10 billion to $50 billion. See which of these 65 regionals are the best performers.
Despite some criticisms of the strategy, community banks should continue to pair up with fintech companies that can help them expand their digital offerings.
Fair Financial, a digital banking platform developed by a Twin Cities nonprofit in partnership with a local bank, launched a pilot program this week. By 2020, it plans to serve 5,000 customers across the country.
