April 24, 2025
| Today’s news and insights for banking industry leaders
The Tacoma, Washington-based lender’s Umpqua retail network will change its name to Columbia Bank later this year as part of the deal.
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While some competitors chase expansion in the Southeast, the Providence, Rhode Island-based lender is redesigning branches to double down on deeper relationships, said Nuno Dos Santos, head of the bank’s retail network.
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The measure, however, received 66% approval — 20 percentage points lower than last year’s nonbinding advisory vote on executive compensation at the bank.
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Explore seven key insights from financial institutions participating in the FedNow® Service.
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Silvergate Capital Corp. says that moving forward with the settlement will allow the firm to advance its Chapter 11 proceedings.
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Evidence indicates the bureau didn’t conduct a court-required assessment before attempting to cut about 90% of its staff, and the layoffs would have left CFPB data “irreparably lost,” plaintiffs said.
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Elizabeth Warren and three other senators questioned the Fed governor on her role in the lender’s supervision and accused her of ignoring “clear warning signs … leading up to the Evolve-Synapse meltdown.”
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AI is transforming banking, but are you maximizing its potential? Explore AI-driven efficiencies, new revenue opportunities, and strategies to embed AI across the value chain in this webinar.
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