Management

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

The $504 billion banking giant will raise the proportion of its non-white senior leadership and improve pay equity

Plus: FirstBank Puerto Rico completes Santander purchase, and Farmers and Merchants Bank is approved for community bank merger

Plus: New York-based community banks to combine; Virginia’s Blue Ridge and Bay Banks plan merger

CEO Brian Mauntel has resigned from his position, Heartland Bank announced this week

Plus, Sterling National Bank has rolled out an artificial intelligence-driven “digital colleague” for its online offering

Iowa-based fintech Moov Financial is to expand its engineering team and accelerate product development after landing $5.5 million from investors

American Express is to acquire cash flow management solutions provider Kabbage to help the global payments firm increase its offering to small businesses in the US

This week’s top moves include new C-suite roles at NY-based Metropolitan and a new CEO at FHLBank Chicago

US Bank and Standard Chartered have pledged more than $1.2 million as banks continue to work on tackling racial inequality