Tag: BankingTech News North America
Bank of America to open 165 new branches by end of 2026
Bank of America (BofA) plans to expand its branch network with 165+ new locations by the end of 2026.
In 2023, BofA will...
Five Star Bank to begin “orderly wind down” of BaaS offerings
Parent Company: Financial Institutions, Inc. (FII), parent of Five Star Bank and Courier Capital, will commence an orderly wind down of BaaS operations.
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Ohio’s first female-led bank Fortuna nears launch after raising $20.7m
New Start-Up Bank:Fortuna Bank, an Ohio-based start-up, is preparing to launch after securing $20.7 million in funding and receiving conditional approval from...
German American Bancorp and Heartland BancCorp to merge in $330m deal
German American Bancorp and Heartland BancCorp $330 Million Merger
Key Points:Merger Agreement:Companies Involved: German American Bancorp (parent of German American Bank) and Heartland...
Bank of Clarke partners with Greenlight for family money management solution
Key Points:Objective:Foster "healthy lifelong financial habits" among customers.Service Offering:Bank of Clarke customers can now register for a complimentary Greenlight subscription.
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US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order
Fines Imposed:The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board fined Citigroup a combined $135.6 million.
OCC...