Citigroup rolls out new AI capabilities
Citigroup introduced a new platform called Arc, which will allow the bank to build and scale AI agents across the firm. These AI agents enhance human judgment by taking on tasks such as research,...
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Georgia regulators shut down bank and move assets to Anchor Bank
The Georgia Department of Banking and Finance closed the Community Bank and Trust - West Georgia of LaGrange, Ga. The department appointed the Federal Deposit Insurance Corporation (FDIC) as receiv...
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Investment Company Institute advises SEC to adapt off-channel communications rules
The Investment Company Institute (ICI) is urging the Securities and Exchange Commission to modernize its Recordkeeping Rule to better reflect the realities of the 21st Century. In a letter to the ...
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Columbia Bank hires two to lead new Franchise Banking Team
Columbia Bank is launching its Franchise Banking Team, an initiative designed to strengthen the bank's capabilities to support franchisors and operators with banking relationships. James Short and ...
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CFTC seeks potential changes to Commitments of Traders Reports program
The Commodity Futures Trading Commission (CFTC) issued a request for comment on Thursday regarding potential modifications to its Commitments of Traders Reports (COT Reports) program. COT reports a...
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Banner Corporation to acquire Bank of the Pacific
Banner Corporation, which owns Banner Bank, is acquiring Pacific Financial Corporation, the holding company for Bank of the Pacific. Bank of the Pacific is a 55-year-old bank with 18 branches and o...
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Maryland Gov. Moore signs consumer protection bills into law
Maryland Gov. Wes Moore recently signed into law two new consumer protection bills. One is the Earned Wage Access bill (SB94), which closes regulatory loopholes for app-based payday loans that allo...
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Oregon provides newly chartered banks up to $1M in tax credits
Oregon Gov. Tina Kotek recently signed legislation that provides up to $1 million per year in state tax credits for three years to newly chartered Oregon banks. The tax incentives apply to Oregon-...
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OppFi acquires BNC National Bank for $130M
Fintech OppFi is buying BNC Corp. and its subsidiary BNC National Bank in a cash and stock transaction valued at approximately $130 million. OppFi is a tech-enabled digital finance platform that pa...
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Mortgage Banker’s annual report shows increase in commercial borrowing, lending
A new report from the Mortgage Bankers Association has found that commercial real estate mortgage borrowing and lending increased 40 percent to $706 billion in 2025. The estimate exceeds the $505 ...
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