Location: McMinnville, Tenn.
Assets: $486 million
Employees: 118
President and CEO: Pieter van Vuuren
Employee recognition/appreciation program: First National often provides breakfast or lunch for employees.
Community service initiative: Volunteering with organizations such as Relay for Life is popular with employees.
Bonus/incentive program: At the close of last year, employees participated in "Race to 2016," an incentive program with cash rewards and other prizes.
Acting Comptroller of the Currency Michael Hsu said that while artificial intelligence is a potentially transformative technology, regulators should be wary of waiving liability for its use in banking.
The contract gives the nation's oldest bank access to more than $3 billion in deposits a month.
The embattled crypto bank announced that it will reduce operations and move to preserve capital after losing its banking partner earlier this month.
Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.
The Consumer Financial Protection Bureau has significantly raised the transaction threshold for its larger participant rule — which defines which firms will be affected — from 5 million annual payments to 50 million.
A new chief risk officer was among the appointments announced Wednesday, as CEO Michael Rhodes began to put his imprint on Ally.
