Banking News and Analysis | Banking Dive
WEBFive Star Bank expands, eyeing First Republic, Signature customers. The $3.7 billion-asset commercial bank seeks to capitalize on the absence of failed San Francisco-area banks by snagging some of their former employees and emphasizing customer service. Banking Dive provides in-depth journalism and insight into the most impactful news and ...
PNC's 'low cash mode' gives users 24-hour overdraft buffer
WEBApr 13, 2021 · The Pittsburgh-based bank has been testing the feature, dubbed “low cash mode,” with nearly 20,000 customers, and said it has helped them reduce overdraft fees by more than 60%. The new feature will alert customers when their balance is low. If an account is negative, low cash mode provides 24 hours of …
Truist taps insider as CFO as Bible retires | Banking Dive
WEBSep 8, 2022 · Dive Insight: In Bible, Truist loses a 14-year veteran who “ played an essential role in the success” of the 2019 merger between BB&T and SunTrust that created Truist, Rogers said.. Bible joined BB&T in January 2008 as assistant CFO, according to his LinkedIn profile.. By the end of that year, he had ascended to CFO, staying there until the merger and beyond.
Hawaii’s Central Pacific Bank embraces BaaS to gather mainland …
WEBAug 31, 2022 · Geography will no longer be a limiting factor in Hawaii-based Central Pacific Bank’s ability to gather deposits beyond the state, the Honolulu lender’s executives are saying. The bank made its first foray into banking-as-a-service this year with the spinout of Swell Financial, the digital bank it incubated during the COVID-19 pandemic.
Credit Union News - Banking Dive
WEBAug 29, 2024 · Alaska credit union to buy Washington bank in $231.2M deal. With $1.5 billion in assets, Renton-based First Financial Northwest stands to be the largest bank purchased by a credit union after Global Federal completes the deal, expected in the fourth quarter. By Rajashree Chakravarty • Jan. 12, 2024.
Wells Fargo gives CEO Charlie Scharf an 18.4% raise, to $29M
WEBJan 26, 2024 · Scharf’s compensation package represents an 18.4% boost over the $24.5 million he received for 2022. That raise is in line with at least one other package that was disclosed last week for a big-bank CEO: Morgan Stanley’s James Gorman saw his compensation jump 17.5% in 2023, his final year as chief executive. Access now .
Chase study highlights growing popularity of digital banking
WEBAug 5, 2021 · Mobile banking is a big draw. Last December, Chase carried out another Digital Banking Attitudes Study, which surveyed 1,500 consumers. Among that group, only half labeled Chase’s mobile app a “must have.”. But in 2021, 89% of respondents used mobile apps to deposit money, including 52% of the baby boomers surveyed.
How deep of a banking threat is Walmart’s One? | Banking Dive
WEBNov 16, 2022 · The cost of acquiring a banking customer is typically between $100 and $200, according to a study by Oliver Wyman. “Acquisition costs are a lot. It’s a lot to get a new customer when you’re not an established brand,” Donovan said. It’s not clear what that cost will be for an entity like Walmart, a household name with an established ...
Huntington unveils commercial banking plans in the Carolinas
WEBDec 7, 2023 · Huntington Bank aims to expand its commercial banking footprint into the Carolinas to gain market share in the region with high deposit levels, CEO Steve Steinour said Wednesday.. The Columbus, Ohio-based lender has had a commercial banking presence in Charlotte for nearly a decade. Now, it plans to add teams of experienced bankers who will create relationships with customers to in turn bring ...
State Street, Brown Brothers Harriman scrap $3.5B deal
WEBDec 1, 2022 · State Street and Brown Brothers Harriman agreed Wednesday to terminate the $3.5 billion proposed acquisition that would have folded the private bank’s investor services unit into the Boston-based custody bank. “The regulatory path forward would involve further delays, and all necessary approvals have not …