First Commonwealth Financial in Indiana, Pa., is the latest bank to disclose that customer data was compromised by the zero-day vulnerability in the MOVEit file transfer. The $11.1 billion-asset company said in a regulatory filing that a vendor used the application in one of its offerings. “Based on the investigation to date, it is likely that certain of the bank’s customers who use debit cards had personal information copied through

Ramp, a finance automation platform, has acquired Cohere.io, an AI-focused customer support platform. Ramp did not disclose the price it paid for Cohere.io. Cohere.io’s customers include Ramp, Deel, Loom and SecureFrame. The AI-focused company has raised more than $3.5 million in venture funding from investors such as Initialized Capital. At Ramp, Cohere.io's team will lead AI projects designed to save time and money. An initial project will include making workflows

Community Bank System in Syracuse, N.Y., will have a new CEO in 2024. The $15.2 billion-asset company said in a press release that Mark Tryniski will retire as president and CEO on Dec. 31. Tryniski, who had led the company since 2006, plans to remain a director until the end of next year. Dimitar Karaivanov, the company’s chief operating officer, will succeed Tryniski and join the board on Jan 1.

Veteran bank executive James Abbott is planning to strike out on his own to launch an investment fund. Abbott, who served as director of investor relations at Zions Bancorp. for 14 years, announced on his LinkedIn account that he had formed Diligence Capital USA. Abbott, who is CEO and chief investment officer of the new fund, said very little about the fund’s strategy beyond a plan of "engagement and activist

First Merchants in Muncie, Ind., is the latest bank to disclose that customer data was exposed in the global incident involving Progress Software. The $18.2 billion-asset company said in a regulatory filing that, while the MOVEit transfer incident, did not involve its bank’s internal network or IT systems, customers that use online and mobile banking could have had personal information copied through the cyberattack. The vendor confirmed that it implemented

Totem Technologies has launched its app. The Tulsa, Okla., neobank, which is focused on Native Americans, announced the app’s launch on social media. The announcement came eight months after Totem raised $2.2 million of preseed funding. “I am feeling such a complex rush of emotions today that it’s hard to know what to say,” Totem CEO Amber Buker said in a post. “Thank you to everyone who’s played any part

Two new banks opened last month. Beach Cities Commercial Bank opened in Irvine, Calif., on June 12, according to the Federal Deposit Insurance Corp. Organizers had to raise $25 million before opening the bank. Separately, Community Unity Bank in Birmingham, Mich., opened on June 26. The organizing group behind Community Unity had to raise $23.2 million to open the de novo.

Hilltop Holdings in Dallas disclosed that an unauthorized party likely obtained customer data due to a security incident at a third-party vendor.   The $17 billion-asset company disclosed in a regulatory filing that the incident was tied to a vulnerability in the MOVEit transfer application – a managed file transfer software.   Hilltop said its bank uses the vendor’s systems as its core operating system.   Though the vendor said