Consumer banking

SC Federal’s merger wave continues

11/03/20

A deal bringing Charleston County Teachers Federal Credit Union into the fold is South Carolina Federal’s third acquisition of 2020.

[more]

Beam Financial vanishing act a cautionary tale for partners of fintechs

11/02/20

Customers say the Beam savings app is down and the company isn't returning their money. The situation is putting third parties like Huntington and Dwolla in the firing line, though they say they're not at fault.

[more]

Wells Fargo taps Capital One executive to lead diversity efforts

11/02/20

Kleber Santos will be responsible for building a more inclusive workforce and designing products that meet the needs of a broader, more diverse range of customers.

[more]

Challenger bank Upgrade will reward credit card holders for repaying debt

10/29/20

Renaud Laplanche's fintech will give borrowers cash back when they lower their loan balances.

[more]

SoFi gets preliminary OK on bank charter, launches credit card

10/28/20

Both developments are part of the company’s strategy of becoming a full-service bank for its young, affluent customer base.

[more]

This CEO works for employees, not the other way around

10/27/20

Rick Wardlaw at Bank Independent in Alabama gets results by adhering to the servant-leadership model.

[more]

Fifth Third promotes Tim Spence to president. Is he next CEO?

10/26/20

Spence’s promotion to president could signal that the Cincinnati banking company is grooming him as a potential successor to Chairman and CEO Greg Carmichael.

[more]

Two Ohio credit unions set to merge by end of October

10/26/20

Members of First Choice Community Credit Union will have access to mobile banking and other products once the institution becomes part of Credit Union of Ohio.

[more]

Customers have turned cautious and banks are getting pinched

10/25/20

Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money — or start cutting to the bone.

[more]

Organizers look to open bank in western North Carolina

10/22/20

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.

[more]