The Suffolk, Virginia-based bank has agreed to pay more than $200 million for Old Point Financial in Hampton. It announced the deal just two days after its previous acquisition closed.
President Trump's tariffs on imported vehicles threaten to drive up auto prices at a time when more car owners are already drifting into delinquency on their loans.
Fears of a recession intensified after President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, and the KBW Nasdaq Bank Index tumbled by nearly 10%.
The federal Small Business Investment Company program has seen a spike in interest since a new rule incentivizing support for early stage companies took effect in 2023. Now there is growing political support for ways to further bolster the program.
The Consumer Financial Protection Bureau said in a court filing that it will repropose a rule requiring lenders to report small-business loan data, citing legal challenges.
Employees are using ChatGPT without telling their managers and the IT team. That's not necessarily a bad thing.
The bank technology is launching its signature payment platform in a country where rivals like Square and PayPal are also actively chasing business payments.
FinTech Forward, a collaboration of American Banker and BAI, brings together the research, media, and event capabilities of banking's top two professional information and education organizations.
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A new award will recognize innovations that are changing the way bankers do business.
9h ago -
Financial services executives report seeing an increase in quantifiable value from AI investments in the fifth annual Broadridge survey.
11h ago -
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Payments innovation under a second Trump Administration could be up to past and present payment technology executives, per new American Banker data.
April 3 -
The state's banking commissioner said the married founders of Valuex Research and Valuex Fintech used investor money for rent, plastic surgery and shopping instead of funding a promised investing tool.
April 2 -
SEC Commissioner Hester Peirce said it was important for the agency to not stifle innovation through its regulatory approach.
April 2 -
John Kothanek, who leads the crypto exchange's global intelligence team, shares some of the ways the company helps investigate on-chain crime.
April 1