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Mergers & Acquisitions

Wells Fargo’s Scharf Apologizes for ‘Insensitive’ Comments

Wells Fargo’s Scharf Apologizes for ‘Insensitive’ Comments

Bank boss acknowledges error and pledges renewed commitment to improving Wells Fargo’s diversity work
Appointments Latest: Synovus, United Look Outside Banking for New Directors

Appointments Latest: Synovus, United Look Outside Banking for New Directors

Plus: New lead director at JPMorgan Chase, and First Port City Bank promotes CFO to risk leadership role
September Appointments: Citi Names First Female CEO

September Appointments: Citi Names First Female CEO

Plus: HSBC USA appoints a new head of wealth, and Bank 34 co-CEO Jill Gutierrez retires
Branch Business: The Banks Opening New Locations Across the US

Branch Business: The Banks Opening New Locations Across the US

Merchants & Marine is expanding in Mississippi, while Woodforest National Bank is growing in North Carolina
Fintech Jiko Acquires Minnesota Bank

Fintech Jiko Acquires Minnesota Bank

California-based tech company is the first such firm to be approved for a bank acquisition and plans a new product launch imminently
Truist Makes Workforce Diversity Pledge

Truist Makes Workforce Diversity Pledge

The $504 billion banking giant will raise the proportion of its non-white senior leadership and improve pay equity
CIT Sells Wealth Advisory Arm to First Sun Capital

CIT Sells Wealth Advisory Arm to First Sun Capital

Plus: FirstBank Puerto Rico completes Santander purchase, and Farmers and Merchants Bank is approved for community bank merger
City First-Broadway Merger to Create Top Black-Led MDI

City First-Broadway Merger to Create Top Black-Led MDI

Plus: New York-based community banks to combine; Virginia’s Blue Ridge and Bay Banks plan merger
Appointments: Provident Names Post-Merger Leaders and Heartland Bank CEO Exits

Appointments: Provident Names Post-Merger Leaders and Heartland Bank CEO Exits

CEO Brian Mauntel has resigned from his position, Heartland Bank announced this week
People’s United Bank Creates Digital Team

People’s United Bank Creates Digital Team

Plus, Sterling National Bank has rolled out an artificial intelligence-driven “digital colleague” for its online offering
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