Dan Ennis

Six of the largest U.S. banks are among 21 financial institutions that announced Tuesday their backing of a company, to be established by the end of this y

Acquiring Lincoln Savings Bank would give Equity 16 added branches in the Hawkeye State and create a lender with $9.1 billion in assets.

Couched as a home for “continuous” banking, the company received conditional approval for a national banking license from the OCC.

Acquiring Lincoln Savings Bank would give Equity 16 added branches in the Hawkeye State and create a lender with $9.1 billion in assets.

The transaction, set to close in the first quarter of 2027, would create a lender with $75 billion in assets, $59 billion in deposits and $58 billion in loans.

Blue Hill Advisors and Merion Road Capital Management decried “inaction” from United Bancorporation of Alabama, concerning several suggestions the investors made. The bank called their requests “unreasonable.”

Blue Hill Advisors and Merion Road Capital Management decried “inaction” from United Bancorporation of Alabama, concerning suggestions the investors made. The bank called the requests “unreasonable.”

The first woman to serve as finance chief at Britain's largest bank will leave before next year's annual general meeting and will not stand for re-election to the lender's board.

The advocacy group Better Markets alleged the central bank’s supervision chief met with bank CEOs to guide public comments in a way that would emphasize support for the proposals.

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter