News Topic: Regional banks

Winston-Salem-based Truliant Federal Credit Union has filed a suit in federal court claiming that BB&T and SunTrust banks’ post-merger brand represents trademark infringement and unfair competition. ... Read full article

The Tulsa, Okla., bank is adding Jim Thompson as director of senior housing investments. ... Read full article

Judging by day one on social media, you’d think the new Truist brand was a flop. But marketing and branding experts say the name has a lot going for it. What matters most will be how the two banks advocate for the name. ... Read full article

The combined company will be known as Truist, which plays off “trust,” a word the banks’ original names had in common. ... Read full article

Highland Associates has $26 billion in assets under management on behalf of not-for-profit medical endowments and foundations. Regions Financial is following the lead of other regionals, which have been scooping up investment firms that specialize in ... Read full article

The regional bank has begun closing branches in Chicagoland as part of a plan to reduce its net number of brick-and-mortar offices by up to 15% even as it looks to expand in the Southeast. ... Read full article

If four BB&T executives, including the CFO and COO, remain through the closing of its merger with SunTrust, they'll receive multimillion-dollar payouts. ... Read full article

The merging banks, whose new headquarters would be Charlotte, N.C., will each double their charitable giving over the next three years in Atlanta and Winston-Salem, N.C. ... Read full article

Regional and small banks are striking digital partnerships and launching new savings offerings as they attempt to steal away business from bigger institutions. ... Read full article

The online lending marketplace will use the equity financing from WestBridge Capital to diversify the digital products its offers banks trying to compete for small-business borrowers, its CEO says. ... Read full article

The former Barclays CEO turned bank investor said he sees more opportunity in smaller, newer banks. ... Read full article

Jamie Gregory has worked for Regions for a decade and was named head of corporate financial strategy early this year, but he's jumping ship to Synovus in late June. ... Read full article

The Cincinnati bank wants to convert from a state charter as it expands in the Southeast and beefs up digital banking operations. ... Read full article

SunTrust CEO Bill Rogers on Thursday explained the direction he and BB&T chief Kelly King are going with the new name, but gave no hints on what it is or when it will be unveiled. ... Read full article

While some of the biggest institutions are already rapidly developing new technologies, it’s important that community banks also tap the power of artificial intelligence and machine learning. ... Read full article

The Southeastern regional bank said Thursday that it had hired Lee Byrd to a new role dedicated to protecting customers and the company itself from fraud. ... Read full article

The Pittsburgh bank says it is selling the assets to Federated Investors to focus its PNC Capital Advisors unit on providing outsourced services. ... Read full article

Concerns about job losses and political blowback still loom, but the two banks made it through a second day of public hearings hosted by the Fed relatively unscathed and with significant local support. ... Read full article