Fulton Financial in Lancaster, Pa., is planning to close 21 branches.
The $24.6 billion-asset company said in a regulatory filing Thursday that the branches, in Maryland, New Jersey and Pennsylvania, will close in early January.
Fulton said it expects to incur $11.5 million in pretax costs tied to the closings, including $1 million tied to employee severance, though the move should save the company $7 million a year.
Several banks have announced
A notification from Finastra to victims reveals that a data breach reported late last year compromised some consumer financial information.
A federal magistrate judge is recommending that the Consumer Financial Protection Bureau's small business lending data collection rule be upheld, rejecting a challenge by merchant cash advance lenders.
While Sen. Elizabeth Warren, D-Mass., is continuing to try and save the agency she helped create, Sen. Adam Schiff, D-Calif., who benefited from crypto spending in his primary race, is a new ally.
The industry's top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.
A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act and its reporting requirement.
The executive appointments at the Consumer Financial Protection Bureau top the list of noteworthy moves by President Donald Trump to hit banks in recent days.
