Banking
OptimumBank Holdings Engages IBN to Enhance Corporate Communications Strategy
OptimumBank Holdings has selected InvestorWire to lead its corporate communications, signaling strategic positioning for continued growth as one of Florida's fastest-growing community banks with over $1 billion in assets.
Stonegate Capital Partners Initiates Coverage on Provident Financial Services with Strong Q2 Performance
Provident Financial Services reported record quarterly revenue and improved profitability in Q2 2025, driven by loan growth and margin expansion, while maintaining strong credit quality and capital ratios.
Peapack Private Bank Expands Equipment Finance Division with Key Hires from Flagstar Financial
Peapack Private Bank & Trust has strengthened its equipment finance subsidiary by hiring a team of seasoned specialists from Flagstar Financial, positioning the bank to compete more aggressively with larger institutions in the asset financing sector.
Sanders and Warren Pressure Major Banks to Increase Lending Over Shareholder Returns
Senators Elizabeth Warren and Bernie Sanders are urging the nation's largest banks to prioritize loans to households and businesses rather than shareholder dividends and stock buybacks, highlighting concerns about corporate priorities versus public needs.
OptimumBank Holdings Achieves Record Profitability with Zero Credit Losses Over Seven Years
OptimumBank Holdings Inc. has demonstrated exceptional financial performance with $13.1 million in 2024 net income and over 23% Core ROAE while maintaining zero credit losses for seven consecutive years, positioning it as an attractive investment opportunity trading at a discount to peers.
OptimumBank Holdings Reports Strong Q2 2025 Earnings with Expanding Deposits and Margins
OptimumBank Holdings Inc. posted higher second-quarter earnings driven by increased deposits and improved net interest margins, signaling robust financial health and operational efficiency.
Eltropy Leadership Summit 2025 Concludes with Focus on Innovation and Community Banking Strategies
The 2025 Eltropy Leadership Summit brought together over 130 financial institution executives to address critical industry challenges, emphasizing the integration of AI and data-driven strategies while maintaining community-focused relationships in an evolving economic landscape.
Eltropy Launches AI Voice Agents to Modernize Community Banking Communications
Eltropy's new AI Voice Agents transform traditional phone systems into intelligent platforms that handle routine banking tasks autonomously, addressing critical operational challenges for community financial institutions by improving efficiency and consumer satisfaction.
Banks Warn of Trillion-Dollar Exodus as GENIUS Act Regulates Stablecoins
Traditional banks warn that new stablecoin regulations could trigger massive fund outflows into digital assets, creating significant tension with the cryptocurrency industry.
FinovateFall to Gather Global Fintech Leaders in New York with Focus on AI and Innovation
FinovateFall, organized by Informa PLC, will bring together over 2,000 senior executives and feature 60+ product demos to address key financial technology trends including AI, fraud prevention, and open banking.
Eltropy Platform Expands to Over 50 Financial System Integrations to Boost Efficiency for Community Institutions
Eltropy's AI-powered conversations platform now integrates with more than 50 core banking and fintech systems, enabling community financial institutions to streamline operations and enhance member engagement through a unified ecosystem.
Citigroup Explores Crypto Services Expansion with Stablecoin and ETF Offerings
Citigroup's exploration of payment services and custody solutions for crypto ETFs and stablecoins signals major traditional finance institutions' growing acceptance of digital assets, potentially reshaping the regulatory and economic landscape for both sectors.
Greg Allison Joins Peapack Private Bank & Trust to Strengthen Wealth Management Division
Greg Allison, a seasoned wealth management professional, has joined Peapack Private Bank & Trust as a senior managing director and portfolio manager, bringing over two decades of experience to enhance the bank's wealth management services.
Maspeth Federal Savings Champions Financial Literacy to Combat Economic Challenges
Maspeth Federal Savings launches a Financial Literacy Program to empower young individuals with essential money management skills, addressing the critical need for financial education in today's complex economic landscape.
Trump Orders Federal Probe Into Alleged Conservative 'Debanking'
President Donald Trump has directed federal regulators to investigate claims of banks unfairly denying services to conservatives and specific industries, including gun manufacturers and cryptocurrency companies.
MountainOne Bank Recognized as a 2025 Best Place to Work by Boston Business Journal
MountainOne Bank's recognition as a 2025 Best Place to Work highlights its commitment to fostering a supportive and engaging workplace culture.
SavvyMoney Reaches Milestone with Amerant Bank as 1,500th Financial Institution Partner
SavvyMoney's partnership with Amerant Bank marks a significant milestone in its mission to enhance financial wellness tools for consumers, showcasing the growing importance of credit intelligence in banking.
TBC Bank Group Achieves Significant Growth in Georgia and Uzbekistan with 2Q 2025 Net Profit of GEL 346 Million
TBC Bank Group PLC reports a robust financial performance in the second quarter of 2025, driven by strong growth in Georgia and Uzbekistan, highlighting its leading position in the region's digital banking sector.
CMUV Bancorp Secures Regulatory Approval for Asset Sale to Frontwave Credit Union
CMUV Bancorp has received regulatory and corporate approvals for the sale of Community Valley Bank's assets to Frontwave Credit Union, marking a significant step towards the dissolution of both entities and outlining a distribution plan for shareholders.
Tompkins Financial Corp. Reports Significant Growth in Q2 2025 Earnings
Tompkins Financial Corporation announced a 36.4% increase in diluted earnings per share for the second quarter of 2025 compared to the same period in 2024, highlighting strong financial performance and growth across its business segments.
Holdings for Good Introduces 2% Yield Accounts to Revolutionize Nonprofit Financial Management
Holdings for Good launches a innovative banking solution offering nonprofits 2% interest on spend accounts with no fees, enhancing financial transparency and efficiency.
SolomonEdwards Strengthens Financial Services Leadership with Carissa Robb as Managing Partner
Carissa Robb's promotion to managing partner of SolomonEdwards' Banking & Financial Services practice underscores the firm's dedication to addressing the sector's regulatory and operational challenges with innovative solutions.
US Banks Anticipate Higher Profits Amid Investment Banking Recovery
Major U.S. banks are forecasting increased profits this quarter, driven by a resurgence in investment banking activity after a period of global uncertainty.
CMUV Bancorp Shareholders Approve Asset Sale and Company Dissolution
Shareholders of CMUV Bancorp have approved the sale of assets and assumption of liabilities to Frontwave Credit Union, leading to the company's dissolution and expected cash distributions of approximately $25.00 per share.
Lüt and First Federal Bank Forge Strategic Partnership to Innovate Payments in High-Risk Industries
Lüt and First Federal Bank have announced a strategic partnership aimed at enhancing payment solutions for high-risk industries, marking a significant step towards financial inclusivity and innovation.
Extra Credit Union's AI-Powered Strategy Secures $12.7M in Deposits and 2025 Tekkie Award
Extra Credit Union's innovative use of DeepTarget's AI-powered digital banking engagement platform led to a significant increase in deposits and recognition with the 2025 Finopotamus Tekkie Award for Revenue Growth.
Farmers & Merchants Bancshares Elevates Barry Luciani to Executive Vice President & Chief Retail Banking Officer
Barry Luciani's promotion to Executive Vice President and Chief Retail Banking Officer at Farmers & Merchants Bancshares underscores his significant contributions to the bank's retail strategy and customer-focused growth, marking a pivotal step in the bank's expansion and service enhancement efforts.
GoVA Foundation and U.S. Century Bank Collaborate to Enhance Financial Literacy for Military Families in Broward County
A partnership between GoVA Foundation and U.S. Century Bank aims to provide free digital financial education to low- and moderate-income military families in Broward County, Florida, through the innovative platform, The Edge.
Study Warns of Growing Systemic Risks in US Leveraged Loan Market
A University of Bath study highlights increasing systemic risks in the US leveraged loan market, driven by underpriced loans, the rise of non-bank lenders, and deteriorating loan standards, potentially leading to another financial crisis.
Blerina Limaj Joins Peapack Private to Lead NY Commercial Banking Team
Blerina Limaj's appointment as Senior Managing Director at Peapack Private Bank & Trust signifies a strategic enhancement to their commercial banking services in New York, leveraging her extensive expertise in real estate and deposit relationship management.