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BMO to acquire Bank of the West for $16.3bn

BMO to acquire Bank of the West for $16.3bn

BNP Paribas subsidiary will add $56 billion of loans and $89 billion in deposits to BMO
Capital One comes on top for customer satisfaction for second consecutive year

Capital One comes on top for customer satisfaction for second consecutive year

Virginia-based bank surpassed industry average score, but four US banks fall short
Banking sector growth beats out NBFIs in 2020

Banking sector growth beats out NBFIs in 2020

Breaks 10-year trend as total assets grew to $468 trillion
Banks crucial to small business capital formation, SEC data finds

Banks crucial to small business capital formation, SEC data finds

Small businesses rely heavily on loans or lines of credit for capital funding, research suggests
Regions Bank surpasses $12 million commitment to economic empowerment initiatives

Regions Bank surpasses $12 million commitment to economic empowerment initiatives

Funds support programs that promote financial inclusion and access to services
US Banks Continue to Decline in Number

US Banks Continue to Decline in Number

Assistant vice president of bank says decline is due to few new banks being chartered and increase in mergers
Acting Comptroller Encourages Banks to ‘Explore Opportunities’ of Special Purpose Credit Programs

Acting Comptroller Encourages Banks to ‘Explore Opportunities’ of Special Purpose Credit Programs

SPCP’s could help address racial and ethnic homeownership as well as wealth gaps
Simmons Bank and Spirit of Texas Bank to Merge; Valley National Bank Completes Merger with Westchester Bank

Simmons Bank and Spirit of Texas Bank to Merge; Valley National Bank Completes Merger with Westchester Bank

Plus: Mid Penn Bank completes acquisition of Riverview
U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations
Wells Fargo Commits $1m to Support Historically Black Colleges and Universities Graduation Rates

Wells Fargo Commits $1m to Support Historically Black Colleges and Universities Graduation Rates

Graduation rates among HBCU students currently among the lowest for all students
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