Strategic Insights into Banking & Fintech

Tether invests $100 million into Anchorage Digital

Tether invests $100 million into Anchorage Digital

Tether Investments in El Salvador has invested $100 million into Anchorage Digital. The digital asset platform, which operates as Anchorage Digital Bank, offers staking, custody, governance, settlement and stablecoin issuance to institutions and innovators. "Tether exists to challenge the status quo and build global infrastructure for freedom,” CEO Paolo Ardoino said in a press release. The investment "reflects a shared belief in the importance of secure, transparent and resilient financial

February 5, 2026
Ky. group gets conditional approval to open Cornerstone Community Bank

Ky. group gets conditional approval to open Cornerstone Community Bank

A group in Owensboro, Ky., has received conditional approval from the Federal Deposit Insurance Corp. to form a bank. The organizers of the proposed Cornerstone Community Bank need to raise $20 million of initial capital before opening the bank. The application was submitted in August. Kyle Aud, a former market president at German American Bank, would serve as CEO. Jonathan Lawson, a former chairman and president of Bank of Ohio

February 5, 2026
St. Lawrence FCU buying branches from Citizens National Bank of Hammond

St. Lawrence FCU buying branches from Citizens National Bank of Hammond

St. Lawrence Federal Credit Union in Ogdensburg, N.Y., has filed the applications to buy two branches from Citizens National Bank of Hammond in New York. The credit union, which agreed to buy the locations in mid-November, applied with the Federal Deposit Insurance Corp. on Feb. 4. Amber Taylor, the credit union's president and CEO, said when the deal was announced that the proposed acquisition is "part of our continued mission

February 5, 2026
Milestone Bank in Utah creates ABL division

Milestone Bank in Utah creates ABL division

Milestone Bank in Salt Lake City has launched an asset-based lending division. The $385 million-asset bank, which has focused on equipment finance, said the new division will provide revolving working-capital lines of credit secured primarily by accounts receivable and inventory. The expanded offerings will focus on manufacturers, dealers and other business-to-business operators. Milestone hired Daniel Godfrey to lead the division. Godfrey has 23 years of experience in ABL, including 18

February 5, 2026
Commercial lending fintech EnFi raises $15 million in funding round

Commercial lending fintech EnFi raises $15 million in funding round

EnFi, a fintech that partners with banks and credit unions to deploy targeted AI agents to complete commercial lending tasks, has raised $15 million in its Series A funding round. The fintech said in a press release that FINTOP led the round, with participation from Patriot Financial Partners, Commerce Ventures, Unusual Ventures and Boston Seed Capital. John Philpott, a FINTOP partner, will join EnFi's board.

February 4, 2026
Bank of Hawaii sets up CEO succession

Bank of Hawaii sets up CEO succession

Bank of Hawaii in Honolulu will have a new leader in April. The company said in a press release that Peter Ho will retire as chairman and CEO on March 31.  Ho plans to remain a consultant to the company through the end of 2027. James Polk, the company's president and chief banking officer, will succeed Ho as CEO and join the board. Raymond Vara Jr., president and CEO of

February 4, 2026
Banco Santander to buy Webster Financial for $12.3 billion

Banco Santander to buy Webster Financial for $12.3 billion

Banco Santander has agreed to buy Webster Financial in Stamford, Conn. Santander said in a press release that it will pay $12.3 billion in cash and depository shares for the $80 billion-asset Webster. The deal, which is expected to close in the second half of this year, priced Webster at 200% of Webster's tangible book value. “This is an exciting combination that brings together complementary strengths and a shared commitment

February 3, 2026
Tri-County Bank to buy Butte State Bank in Nebraska merger

Tri-County Bank to buy Butte State Bank in Nebraska merger

Tri-County Bank in Stuart, Neb., has agreed to buy Butte State Bank in Butte, Neb. The merger application was submitted on Jan. 30. The price wasn't disclosed. Butte State was chartered in 1944 and has been owned by three generations of the Brewster family since 1963. The merger "allows the Brewster family heritage to continue providing banking services to the region ... as it has for the past 63 years,"

February 3, 2026