Oct. 21, 2024
| Today’s news and insights for banking industry leaders
The acquisition would give the Virginia lender’s footprint the “Golden Crescent” it has sought for years, with 53 added branches in the D.C. area and Maryland, roughly doubling its wealth business.
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Alleged "fraud" is believed to be behind the First National Bank of Lindsay's failure, the second U.S. bank collapse this year. The FDIC’s Deposit Insurance Fund will take a roughly $43 million hit.
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Customers who are owed will be asked to choose a payment method Nov. 4, with payments beginning “shortly thereafter,” the bank said Saturday.
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Risk Appetite For Dummies strips away the complexity of risk appetite, a key pillar of enterprise risk management, offering clear and actionable insights on risk-informed decisions.
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The payments processor can undercut rivals on price because it won’t be paying bank fees, industry consultants say.
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The bank cut roughly 700 employees, or 8% of its workforce, it said Thursday, and anticipates shedding another 1,200 when it sells its mortgage servicing and third-party origination business.
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Maitland-based Axiom Bank agreed to revamp its BSA/AML program and look back at its suspicious activity reporting history.
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The more intensive the hiring process, the higher the cost of turnover—making employee retention critical in security-sensitive sectors like financial services. Learn best practices for securing talent in this webinar.
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