First Guaranty Bank in Hammond, La., has announced plans to acquire the $132 million-asset Homestead Bank in Ponchatoula for $13 million.
The deal, announced Thursday and expected to close in the second quarter, would add three branches to the $740 million-asset First Guaranty's 15-branch network, which is located entirely inside Louisiana.
Items include estimations of President-elect Donald Trump's impact on fintech funding, the fallout from VyStar Credit Union's tech moves and more.
Oden, head of U.S. wealth, private banking, asset management and premier banking at HSBC, was one of the first in the industry to build an online wealth management platform.
The inquiry by securities regulators came in response to reporting that bank employees pushed products in ways that misled customers as they sought to meet their sales targets.
The Consumer Financial Protection Bureau has long been a target for conservative ire, but dismantling it would require Congress' cooperation.
The company's stock price has jumped 23% since the election, as investors bet that federal student loans will get curtailed, providing more opportunity for the private sector.
The Boca Raton, Florida company is seeking to attract deposits with a product that more closely resembles the strategy many fintechs typically employ.
