Synovus looks to add bankers amid stiff competition in the Southeast
The Georgia-based bank plans to hire 85 relationship managers over the next three years to support growth in commercial and middle-market lending and private wealth. “The biggest risk is not being able to hire the bankers,” said CEO Kevin Blair.
Banner year for CU-bank tie-ups extends with deal in Maryland
Hanscom Federal Credit Union in Massachusetts said it would acquire Peoples Bancorp and its insurance agency. It marked the 21st deal of the year involving a credit union buying a bank.
BNY expands employee benefits, boosts minimum wage to $25 per hour
BNY announced expanded employee benefits and a boost in its minimum wage for all U.S.-based employees; Synovus has added former FIS executive Greg Montana to its executive board; National Bank Holdings sold off a fifth of its securities portfolio; and
OCC highlights growing pressures in ‘sound’ banking system
The OCC's 2024 annual report said that while the federal banking system remains stable, it faces challenges such as rising credit costs, declining net income, and increasing nonperforming loans.