Regulatory and tech burdens drive Evans Bancorp to sell
After doing “some really intensive thinking,” the Buffalo-area lender said it found the partner it was looking for in the Norwich, New York-based NBT Bancorp
Beth Johnson shares the AI projects underway at Citizens Bank
Citizens is testing the use of generative and traditional AI in several areas, including as a copilot for contact center reps and to help branch staff detect fake checks, she says.
Territorial in Hawaii postpones merger vote as competing offer lurks
Honolulu-based Territorial Bancorp is delaying the approval vote by about four weeks in order to continue discussions with its shareholders. A group that includes a former Bank of Hawaii CEO is trying to scuttle the $78 million deal with Los
Critics say FDIC governance proposal overreaches, but proponents say few banks are affected.
The proposed FDIC guidelines would impose stricter governance and risk management standards on banks with over $10 billion in assets, drawing concern over potential regulatory overreach and conflicts with state laws.