All articles by Satarupa Bhowmik
Satarupa Bhowmik
Community Bank of Louisiana partners with Q2 for digital transformation
The bank will utilise Q2 Sentinel, Q2’s Innovation Studio, ClickSWITCH, Positive Pay, Centrix, and other Q2 products.
Germany opposes UniCredit’s move to raise Commerzbank stake
UniCredit is seeking regulatory approval to further increase its stake in Commerzbank to up to 29.9%.
Northwest signs $270.4m deal to acquire Penns Woods
The combined company is expected to hold total assets of more than $17bn.
Compliance concerns in US banking ease in 2024 though still high
The 2024 Indicator Main Score reduced from 119 in 2023 to 99 in 2024, due to fewer major regulatory changes in 2023.
Berkshire Hills and Brookline Bancorp seal $1.1bn merger deal
Berkshire shareholders and Brookline shareholders will own about 51% and 45% of the combined entity, respectively.
Digital bank Tyme gains unicorn status with $250m Series D raise
The oversubscribed round was led by Brazilian neobank Nubank, which contributed $150m.
Cognizant powers digital transformation of Australia’s Beyond Bank
The tie-up will help modernise the bank’s IT infrastructure and strengthen vendor assurance frameworks.
OCBC, CIMB seek stake in Indonesia’s Panin Bank
OCBC and CIMB submitted non-binding offers for stakes owned by ANZ and the Gunawan family, the bank’s founders.
Enterprise Bancorp seals $562m deal for merger into Independent Bank
Shareholders of Enterprise will receive 0.60 shares of Independent common stock and $2.00 in cash for each share held.
Crédit Agricole moves to increase stake in Italy’s Banco BPM
The deal is anticipated to have a “non significant” effect on Crédit Agricole’s Common Equity Tier 1 (CET 1) capital ratio.