First Guaranty Bank, Hammond, La., said it plans to buy 13 branches in
To pay for the branches, which also come with some loans and fixed
First Guaranty, which has $252 million of assets and $234 million of
The transaction, expected to close in October, would more than triple
"We are committed to further expanding our franchise to make First
In May, First Guaranty terminated its deal to be bought by Hibernia
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.
