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Virginia lender to acquire Forbright’s DC-area branches

The transaction, set to close in the fourth quarter, adds three locations and $750 million in deposits to Trustar’s footprint. That frees Forbright to focus on national digital lending.


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Alabama’s SouthPoint under fire by the Fed

The Federal Reserve and the Alabama State Banking Department ordered SouthPoint Bancshares to take steps “to serve as a source of financial and managerial strength” for its subsidiary SouthPoint Bank.


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Flagstar picks cloud-native core to replace legacy patchwork

While there’s plenty of industry chatter about cloud-native and API-powered capabilities, Flagstar Bank executives found “a lot of variation” as they evaluated different core systems.


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Dive Deposits: 4 takeaways from Jonathan Gould’s Wyoming appearance

The OCC chief made crypto-inclusive remarks at a blockchain symposium, adding that protecting traditional banks is not his job.


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CFTC bans ex-FTX execs from trading

Caroline Ellison and Gary Wang are prohibited from trading for five years from the date of their initial consent orders.


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