Unity Bancorp names first new CEO in 22 years

George Boyan is named CEO of New Jersey-based Unity Bancorp as James Hughes announces his retirement; the American Bankers Association has elected Iowa banker Matt Lujano as chair of the association’s Community Bankers Council; fintech-turned-digital bank SoFi’s stablecoin settlement partnership with Mastercard is now live; and more in this week’s banking news roundup.

Open Standard’s stablecoin business begins to take shape

Open Standard, a stablecoin consortium with more than 140 partners, formalized its governance structure, founding partners and leadership, cementing it as an emerging competitive threat thanks to the wide distribution network of its founding partners and its shared economics model, from which banks can earn revenue.

Press Release: FDIC Publishes Enforcement Orders for August 2026

PRESS RELEASE | SEPTEMBER 25, 2026 FDIC Publishes Enforcement Orders for August 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in August 2026. There are no administrative hearings scheduled for October 2026. Amended Consent Order: Chesterfield State Bank, Chesterfield, IL Consent […]