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A charter from the Office of the Comptroller of the Currency would allow the Chicago-based lender to expand its credit products, diversify beyond them, and reduce its cost of funds, the CEO said.

An appeals court should reverse the reinstatement of two fired NCUA board members because the law doesn’t explicitly forbid the president from ousting them, the Justice Department argued.

The bank’s co-president Wednesday pointed to “clearly identifiable” gains from AI, as questions swirl around how soon returns on investment will be seen.

Niclas Neglén will begin at the Dutch payments processing firm Feb. 1. The move gives Adyen a permanent successor to Ethan Tandowsky, the company’s previous CFO, who left Aug. 31.

The $43 million raised from local investors “demonstrated how much the community was needing this,” Portrait Bank founder and CEO Erik Weiner said.