Mercantile Bank Corporation reported a $13.2 million increase in residential mortgage loans during the third quarter, although its home-loan portfolio remains smaller than it was at the start of the year. The Michigan bank’s latest results offer a view of how...
Chime, the San Francisco-based banking fintech (NASDAQ: CHYM), is acquiring Stride Bank, a nationally chartered bank headquartered in Enid, Oklahoma, for $590 million in cash. The $5.4 billion-asset Stride, which has been Chime’s bank partner for more than seven...
Canadians are re-evaluating their relationships with their financial institutions for additional credit support, according to new research from Equifax Canada. Among the key findings from the survey are the following: 56% of mortgage holders say they will explore...
Buffalo, New York-headquartered M&T Bank (NYSE: MTB) has appointed Lopa Kolluri as head of affordable housing lending. In her new role, Kolluri will be based in the bank’s New York City office and will be responsible for the development, oversight, and day-to-day...
Michael J. Hsu is Acting Comptroller of the Currency. This article is adapted and edited from a speech that was recently delivered during the 2024 Conference on Artificial Intelligence and Financial Stability. Like all technologies, artificial intelligence (AI) can be...
Senior Housing Investment Reaches $32.2 Billion as Occupancy Recovers
