Aug. 19, 2025
| Today’s news and insights for banking industry leaders
“People like to do business with folks that know the community, know the state, know the region,” and “that’s where banks of our size fit,” said Danny Butler, CEO of San Antonio-based Jefferson Bank.
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California resident John Tasker sued the North Carolina lender in May for alleged privacy law violations. He filed a similar lawsuit against BMO that remains active.
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The move would add 17 branches – many along the I-85 corridor in the Carolinas. TowneBank is set to close a separate acquisition of Old Point Financial on Sept. 1.
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The question for banking leaders is not whether to pursue journey-level automation, but how quickly they can develop the capabilities to compete effectively.
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That leaves co-founder Max Tayenthal as the sole CEO for the moment. The executive shift comes amid rumors that a German regulator intends to launch fresh action against the digital bank.
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The Federal Reserve’s oversight of banks’ crypto and fintech activities will be folded back into the normal supervisory process, the central bank said Friday.
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Rep. Elise Stefanik, R-NY, urged U.S. Attorney General Pam Bondi to launch an investigation into Standard Chartered Bank’s “illicit payments” and related “inaction” from New York’s attorney general.
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When adopting secure managed file transfer (MFT) solutions, banking, financial services and insurance companies often face obstacles. Learn what they are and how to overcome them in this playbook.
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