June 20 – Bank of the West has launched Any Deposit Checking, a new checking account that offers no monthly service charge when a deposit1 of any amount using any channel (branch, ATM, mobile, or direct deposit) is made. No minimum balance or direct deposit is required. For customers under 25 years of age, the monthly service charge ($10) is waived automatically, with no deposit necessary2.
June 19 – Citizens Bank has announced that it will partner with Bottomline Technologies to deploy a market-leading online and mobile banking platform for its commercial and business banking clients.
June 12 – Fifth Third recently announced that it provided over 1 million meals in May to fight hunger during its annual “Feeding Our Communities” initiative. The month-long effort included employee and customer donations, canned goods drives and employee volunteer activities. This achievement represents the first time the Bank has topped the million-meal mark.
May 31 – Ally Bank, the banking subsidiary of Ally Financial Inc., scored dual wins for “Best Internet Bank” and “Best for Millennials” on Kiplinger’s Personal Finance magazine’s “Best Banks” list, underscoring the company’s continued focus on delivering top notch digital products and services to its customers. An article highlighting Kiplinger’s top picks among banks and credit unions, as well as top institutions for each of six lifestyle profiles, will appear in the July 2017 print edition.
May 26 – Resolute Reverse, a department of Resolute Bank, has developed and launched a new proprietary software called ReverseWorks™, offering unlimited access to the bank’s loan officers, operations and management teams. At a time when competition in the industry is increasing, this technology is a valuable tool that creates streamlined communication during the processing, underwriting and closing stages of the loan. This revolutionary software allows loan officers to focus more of their time assisting their senior clients.
May 26 – BBVA Compass shored up its commitment to alleviating Colorado’s affordable-housing crisis, closing a $1.8 million equity equivalent investment this month in the Mile High Community Loan Fund so that the organization can continue to give affordable-housing developers access to the capital they need.
May 24 – First Merchants Corporation has successfully completed its previously announced merger with The Arlington Bank of Columbus, Ohio. In connection with the merger, The Arlington Bank has merged with and into First Merchants Bank. The combined First Merchants Bank now has 108 banking centers in Illinois, Indiana and Ohio and approximately $7.6 billion in assets, $5.5 billion in loans, $5.9 billion in deposits, and total shareholders’ equity of $1.0 billion. The full integration of The Arlington Bank under the First Merchants brand is expected to be completed during the 3rd quarter of 2017.
May 17 — A De Novo Bank was approved by Texas Banking Commissioner Charles G. Cooper. Subject to the granting of deposit insurance by the FDIC, The Bank of Austin is expected to open this summer with a minimum capital of $31 million. Organizers are J. Bruce Bugg Jr., who will serve as chairman, Jon Eckert, president and CEO, Robert Cavender, Gene Dawson Jr., David Spencer and Brent R. Given.
May 19 – CBC National Bank, headquartered in Fernandina Beach and with branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., has launched a newly updated website featuring enhanced functionality and content, a clean design, improved navigation, and more, all designed to facilitate a more engaging user experience.
May 19 – The Small Business Administration has named Banner 2016 Regional Lender of the Year for the Seattle/Spokane District and a Star Performer for the Portland District. The awards were presented at separate ceremonies as part of National Small Business Week.