Tag: BankingTech News North America
Commerce Bank partners FIS for loyalty programme management platform
Partnership: Commerce Bank, a $30.6 billion-asset regional bank headquartered in Kansas City, has partnered with FIS to implement...
Digital Federal Credit Union and First Tech Federal Credit Union to merge
Merger Details: DCU and First Tech Federal Credit Union, two US-based credit unions, plan to merge by 2025,...
Bank of America to open 165 new branches by end of 2026
Bank of America (BofA) plans to expand its branch network with 165+ new locations by the end of...
Five Star Bank to begin “orderly wind down” of BaaS offerings
Parent Company: Financial Institutions, Inc. (FII), parent of Five Star Bank and Courier Capital, will commence an orderly...
Ohio’s first female-led bank Fortuna nears launch after raising $20.7m
New Start-Up Bank:Fortuna Bank, an Ohio-based start-up, is preparing to launch after securing $20.7 million in funding...
German American Bancorp and Heartland BancCorp to merge in $330m deal
German American Bancorp and Heartland BancCorp $330 Million Merger
Key Points:Merger Agreement:Companies Involved: German American Bancorp (parent of...
Bank of Clarke partners with Greenlight for family money management solution
Key Points:Objective:Foster "healthy lifelong financial habits" among customers.Service Offering:Bank of Clarke customers can now register...
US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order
Fines Imposed:The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board fined Citigroup...
California’s CBC Bancorp to acquire Bay Community Bancorp for $122m
Acquisition Announcement: CBC Bancorp is set to acquire Bay Community Bancorp in an all-cash deal valued at $14...
California’s Edwards Federal Credit Union taps Apiture for consumer banking solution
Edwards Federal Credit Union (FCU) Chooses Apiture for Digital Banking:Partnership Details:Edwards Federal Credit Union has selected Apiture,...
Colorado’s Elevations Credit Union partners Alkami for digital banking platform
Elevations Credit Union Collaboration:Elevations CU has implemented Alkami’s digital banking platform for business, retail, and mobile banking.
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Citigroup to cut 20,000 jobs over two years after Q4 downturn
Citigroup Job Cuts: Citigroup plans to cut around 20,000 jobs by 2026.
Q4 2023 Performance: In the fourth...