Banks signal support for bill that will encourage new banks to be formed in underserved areas
Alternative and non-bank lenders have featured prominently in the 2021 funding round
Digital Dollar Project to launch at least five pilot programs over the next 12 months, funded by Accenture
Farmer’s & Merchants Bancorp is to acquire Perpetual Federal Savings Bank of Urbana as the banking sector continues to see M&A activity
The deal attracted criticism from a major Boston Private investor
The financial sector has always had a target on its back
From rule-based systems to explainable AI, financial institutions continue to advance their fraud prevention systems
The activist investor has been targeting an overhaul of the company
Investor claims SVB previously indicated a higher value bid was possible
Also: Southern California Bancorp is to buy Bank of Santa Clarita for $56 million
