Portrait Bank CEO Erik Weiner

Portrait Bank opens as Central Florida’s first new bank in almost 10 years

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By Dave Kovaleski  |  September 22, 2026

Portrait Bank, central Florida’s first new bank since 2017, recently opened its doors for business. Based in Winter Park, Portrait Bank helps to close a gap that had been widening for two decades. The Orlando area, which includes Orange, Seminole, Osceola and Lake counties, was home to 38 community banks in 2000. By early 2025, that number had fallen to six. The recent sale of Winter Park National Bank and One Florida Bank to out-of-state banks further decreased the ranks. As those b...

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SEC issues temporary exemption to facilitate the trading of tokenized stocks

By Dave Kovaleski |
September 21, 2026

The Securities and Exchange Commission (SEC) is granting temporary exemption for cryptocurrency platforms to trade token...Read More »

House Ways and Means Committee advances bill to alter tax code for digital assets

By Dave Kovaleski |
September 18, 2026

New legislation approved by the House Ways and Means Committee this week seeks to provide cryptocurrency and digital ass...Read More »

Senate votes down CLARITY Act cryptocurrency bill

By Dave Kovaleski |
September 17, 2026

The CLARITY Act, market structure legislation designed to establish a regulatory framework for cryptocurrency in America...Read More »

Justice Department issues multiple felony charges as part of COVID-era loan fraud sweep

By Dave Kovaleski |
September 16, 2026

The U.S. Department of Justice has obtained multiple felony charges as part of its Operation No Doze initiative, which t...Read More »

Brazil-based Nu launches banking, financial products in United States

By Dave Kovaleski |
September 15, 2026

Nu, the largest digital bank in Latin America, is launching a new suite of financial products that will be available in ...Read More »

OCC raises asset threshold to qualify for 18-month exam cycle

By Dave Kovaleski |
September 14, 2026

The Office of the Comptroller of the Currency is hiking the asset threshold for financial institutions to qualify for th...Read More »

Blockchain Association, Crypto Council file motion to block Illinois law

By Dave Kovaleski |
September 11, 2026

The Blockchain Association and Crypto Council for Innovation filed a lawsuit seeking to bar the State of Illinois from e...Read More »

Investors seek two board seats at United Bancorporation of Alabama

By Kim Riley |
September 10, 2026

Merion Road Capital Management LLC and Blue Hill Advisors LLC, shareholders of United Bancorporation of Alabama Inc. (UB...Read More »

EverBank, WaFd announce $3.9B reverse merger agreement to create combined bank

By Kim Riley |
September 9, 2026

EverBank Financial Corp., the parent company of EverBank N.A., and WaFd, Inc., the parent company of WaFd Bank, on Sept....Read More »

SEC seeks to rescind pay-to-play rule governing investment advisors political contributions

By Dave Kovaleski |
September 8, 2026

The Securities and Exchange Commission (SEC) is seeking to rescind its “pay-to-play” rule that prohibits investment ...Read More »

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