WASHINGTON, D.C. — The corridors of power in the nation’s capital are no stranger to heated exchanges, but a recent session of the Senate Banking Committee has highlighted a deepening rift between progressive lawmakers and the Federal Reserve’s leadership. At the heart of the controversy is a private, invite-only dinner hosted by Bank of America,…
For the first time in nearly two decades, the skyline of Pittsburgh’s financial district is bracing for a new tenant that represents a rare breed in the modern banking landscape: a de novo community bank. Brian Tabb, a former senior executive at BNY (formerly BNY Mellon), has officially filed applications with federal regulators to establish…
ASTORIA, NEW YORK — In a move signaling a significant shift in its regulatory standing, Quontic Bank announced on July 16, 2026, that the Office of the Comptroller of the Currency (OCC) has officially terminated a consent order that had governed the institution’s operations for several years. The lifting of the order marks the end…
NEW YORK — In a definitive sign that artificial intelligence has moved from a novelty to a necessity in the financial services sector, Bank of America (BofA) has reported a massive surge in the adoption of its virtual assistant, Erica. According to the bank’s second-quarter 2026 earnings report, active users of the AI-driven chatbot grew…
SOUTHERN PINES, N.C. — In a move that significantly bolsters its presence in the competitive Southeastern financial corridor, First Bancorp (Nasdaq: FBNC), the parent company of Southern Pines-based First Bank, has officially entered into a definitive agreement to acquire First Carolina Bancshares Corporation. The Florence, South Carolina-based target is the parent company of Carolina Bank…
In a move that could fundamentally reshape the relationship between the American central bank and the burgeoning digital asset industry, Wyoming-based Custodia Bank has officially petitioned the United States Supreme Court. The petition seeks a review of a March ruling by the 10th Circuit Court of Appeals, which upheld the Federal Reserve’s authority to deny…
DALLAS — In a strategic move signaling its commitment to a technology-first banking model, Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, has announced the appointment of Mo Jamous as its new Chief Digital and Information Officer (CDIO). Jamous, a seasoned veteran in the intersection of financial services and advanced…
NEW YORK — For nearly two decades, Jamie Dimon has been the face of global banking, steering JPMorgan Chase & Co. through the Great Recession, a global pandemic, and the subsequent era of volatile interest rates. However, the internal architecture of the world’s most powerful bank is beginning to shift. Following a series of strategic…
WASHINGTON, D.C. — In a move that signals a significant shift in the intersection of federal immigration policy and financial regulation, three of the nation’s primary banking regulators issued joint guidance on Monday, July 13, 2026. The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the National Credit…
In a move that marks a definitive new chapter for Hawaii’s oldest and largest financial institution, Honolulu-based First Hawaiian Bank (FHB) has announced a definitive agreement to acquire TriCo Bancshares, the parent company of Tri Counties Bank, in an all-stock transaction valued at approximately $2 billion. This strategic pivot represents a bold return to the…
