Expense management

Why Associated plugged in to community solar energy


The Wisconsin banking company recently agreed to use five solar gardens to power 39 branches. The move, part of a broader sustainability push, is expected to deliver significant cost savings and could benefit rural communities, Associated said.


Bryn Mawr in Pennsylvania to sell its PPP loans


The company said it had cut 20 positions and had found a way to shed 35,000 square feet of office space by the end of 2020.


JPMorgan Chase plans to let mobile customers scan in their receipts


The company is partnering with Sensibill, a fintech whose technology turns photos of receipts into text and helps people track and manage their expenses.


Banks must shift focus to thrive in extraordinary times


Past is not prologue, and a successful strategy for becoming a top-performing bank in 2020 is very different than it might have been just six months ago.


Banks enter era of 'no regrets' cost cutting


Faced with limited growth opportunities and potentially mounting loan losses, banks are getting aggressive — and creative — to boost profits.


BofA looks to rein in costs after staffing up for PPP


Expenses soared in the rush to deploy emergency loans to small businesses, and now Bank of America may need to delay some investments if it hopes to meet cost targets, CEO Brian Moynihan said


Park National to close 21 branches in Ohio and North Carolina


The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.


Streamlined Synovus could emerge from pandemic, CEO says


The Georgia bank could rely more on drive-through-only branches, trim office space and reassess staffing levels after the coronavirus crisis, according to Kessel Stelling.


First Horizon-Truist branch deal delayed due to coronavirus outbreak


First Horizon still plans to complete its merger with Iberiabank on time, CEO Bryan Jordan said during the Tennessee company's earnings call.


Coronavirus isn’t slowing Truist integration … so far


Executives say they can still meet their goal of $480 million in cost savings this year from the combination of BB&T and SunTrust despite unexpected expenses, unless the economy fails to rebound quickly.