Bank of America in Charlotte, N.C., plans to enter four new states by opening branches across nine markets over the next four years. The $3.1 trillion-asset company said in a press release that it will open locations in Nebraska, Kentucky, Alabama and Louisiana. Branches are planned in cities such as New Orleans; Birmingham, Ala.; Milwaukee; and Omaha, Neb. At least 30 branches are planned. “As part of our high-tech and

The Credit Union Executives Society has a new CEO. The association said in a press release that Heather McKissick, former executive vice president of community impact, marketing and communication at the $4.6 billion-asset University Federal Credit Union in Austin, Texas, had taken on the role She succeeded John Pembroke, who died in November. “Throughout my career I have witnessed the transformative power of leadership development," McKissick said in the release.

PacWest Bancorp in Los Angeles continues to shed assets.   The $44.3 billion-asset company disclosed in a regulatory filing that it agreed to sell a portfolio of lender finance loans with a total commitment amount of roughly $3.5 billion to alternative credit strategy funds managed by Ares Management.   The portfolio includes an aggregate outstanding principal balance of about $2.2 billion.   PacWest said the first tranche closed on June 22,

Robinhood Markets has agreed to buy X1, a San Francisco platform that offers a no-fee credit card with rewards. Robinhood said in a press release that it will pay $95 million in cash in a move that should help it expand its product offerings and deepen relationships with existing customers. The deal is expected to close in the third quarter. The acquisition “will bring us closer towards our goal of

The Securities and Exchange Commission does not plan to pursue an enforcement action against Sterling Bancorp in Southfield, Mich.   The $2.4 billion-asset Sterling said in a press release that a letter from the SEC stated that an investigation of the company had ended.   Sterling had previously disclosed that it believed the probe was tied to accounting, financial reporting and disclosure matters and internal controls associated with its defunct Advantage

Citizens Financial Group in Providence, R.I., will work with Wisetack, an embedded pay-over-time platform, to expand its point-of-sale operations. Wisetack said in a press release that Citizens Pay will offer pay-over-time options for home services projects through a network of merchants and SaaS integrations. Customers who apply through Wisetack will be eligible for installment financing through Citizens Pay. “Since inception, Wisetack has made paying over time as easy and seamless

Greater Nevada Credit Union in Carson City will soon have a new CEO. The $1.7 billion-asset credit union said in a press release that Danny DeLaRosa will also become president on July 1. He will succeed Wally Murray, who has led Greater Nevada since October 2000. DeLaRosa, who joined the largest credit union in 2019, is its chief experience officer. He previously served as chief sales officer at Vibrant Credit

Two leading proxy advisory firms have taken opposing positions in a battle between First Foundation in Dallas and an activist investor. Glass Lewis issued a report encouraging shareholders to vote for Allison Ball, who was nominated by Driver Capital Management to stand for election to the $13.6 billion-asset First Foundation’s board. Ball is a partner at Hanover Technology Investment Management. Ball's technology background could benefit First Foundation "given the evolution