Virginia’s TowneBank strikes deal to deepen N.C. footprint
The expansion-minded Hampton Roads-based lender announced plans to acquire Dogwood State Bank just weeks before its plans to close a deal for a Virginia-based competitor.
FDIC proposal would permit less signage in bank apps
The Federal Deposit Insurance Corp. proposed a rule Tuesday that would allow banks to remove FDIC insurance labels except on initial webpages and no longer require alerts warning customers that non-deposit products are not insured.
Sen. Scott thanks crypto industry for unseating Sherrod Brown
Senate Banking Committee Chairman Tim Scott, R-S.C., asked crypto firms to keep spending in elections, and said that they “literally” put Bernie Moreno, Sherrod Brown’s successor in Ohio, in the Senate.
Washington’s 1st Security taps numbers guy as next in line
Matt Mullet, the company’s longtime chief financial officer, said he’s spent the past year getting accustomed to the people side of management.
FDIC Board Approves Proposal to Amend Official Signs and Advertising Requirements
BOARD MATTERS | AUGUST 19, 2025 FDIC Board Approves Proposal to Amend Official Signs and Advertising Requirements By notational vote, the Federal Deposit Insurance Corporation’s Board of Directors today unanimously approved the following matter. Materials and information related to this Board action are available on the Board Matters webpage. Notice of Proposed Rulemaking: FDIC Official Signs, […]
Banks deserve the ability to appeal regulators’ enforcement actions
As bank regulators work to create a more transparent and effective supervisory process, they should overhaul the process for appealing their rulings to include challenges to enforcement actions.
Huntington, Live Oak to invest in, deploy gen AI-based lending
Both banks are preparing rollouts of Casca’s software and participated in the firm’s $29 million funding round.
SoFi to use Bitcoin and blockchain for remittances
The digital bank is working with blockchain technology provider Lightspark to use Bitcoin networks to power its upcoming cross-border payments launch.
Feds still chasing billions in PPP fraud
The pandemic-era program yielded over $60 billion in fraudulent payments, with prosecutions expected for another five years.
Fannie, Freddie’s stress test losses ease from 2024
The tests modeled how Fannie Mae and Freddie Mac would fare after absorbing losses like a total $36.1 billion provision in credit losses in a severe downturn.