Annual savings of $4.3 million will be reinvested in digital offerings, the Chicago-based bank said

An ongoing review into past misconduct has delayed regulatory filings, threatening the bank’s status as a listed company

Plus: New lead director at JPMorgan Chase, and First Port City Bank promotes CFO to risk leadership role

The biggest three banks in the US also recorded the biggest drops in market capitalization in the year to August

Despite the Covid-19 pandemic, firms are still required to comply with Regulation Best Interest

Plus: HSBC USA appoints a new head of wealth, and Bank 34 co-CEO Jill Gutierrez retires

Merchants & Marine is expanding in Mississippi, while Woodforest National Bank is growing in North Carolina

The world is fast progressing within the technology domain and digital services have penetrated to the unexplored corners of life

Community bank lenders were caught flat-footed by both the need to process large numbers of complex PPP loans quickly and support the ever-shifting guidelines from the SBA

California-based tech company is the first such firm to be approved for a bank acquisition and plans a new product launch imminently