Ameris Bancorp in Atlanta is the latest midsize bank to announce plans to reduce and eliminate certain overdraft fees.The $23 billion-asset company said in a press release Wednesday that it will eliminate nonsufficient funds and return item fees tied to payments that cannot be processed due to a lack of funds. Ameris will also eliminate extended overdraft fees for maintaining a negative balance.  Customers will be allowed to use their

Burke & Herbert Bank in Alexandria, Va., plans to expand into the Richmond, Va., market. The $3.6 billion-asset bank – the oldest in Virginia – said in a press release that it has hired a commercial banking team and plans to add an office in the state’s capital later this year. The bank plans to open branches over time. The bank hired Seth Feibelman, a former banker at Wells Fargo, as its

Alliance Data Systems in Columbus, Ohio, has rebranded as Bread Financial Holdings, taking on the name of the Buy Now Pay Later (BNPL) business it bought in late 2020. The company, a private-label credit card lender, will also change its stock symbol from “ADS” to “BFH” on April 4. Comenity Bank and Comenity Capital Bank will keep their names. “This is a turning point for the company, as our new brand represents the

The Federal Reserve has approved another large bank merger announced last year. The Fed said in a press release Tuesday that it had signed off on the proposed sale of Investors Bancorp in Short Hills, N.J., to Citizens Financial Group in Providence, R.I. The $3.5 billion deal was announced in July 2021. The approval had one notable condition – that the $188 billion-asset Citizens take part in 2023 stress tests to account

Community Bancorp in Chanute, Kan., has agreed to buy Quarry City Savings and Loan Association in Warrensburg, Mo. The parent of the $1.9 billion-asset Community National Bank & Trust said in a press release Tuesday that it will pay $10.4 million in cash for the $71.3 million-asset Quarry City, subject to adjustment. The deal is expected to close in the third quarter. "We are pleased with the opportunity to welcome Quarry City

Several bank mergers have been disclosed by the Federal Reserve. The Fed listed the pending transactions in a pair of public notices.Northeast Kansas Bancshares in Overland Park has agreed to acquire Bank of Orrick in Missouri.Community Bancshares of America, a group formed to buy banks, acquired Northeast Kansas Bancshares, the parent of the $115 million-asset Kendall Bank, to advance that strategy. Bank of Orrick has $43.6 million of assets. First Artesia Bancshares

Loyola University Maryland has hired a former bank CEO as the next dean of is business school. The university said in a press release that Mary Ann Scully will join the Rev. Joseph A. Sellinger, S.J., School of Business and Management on July 1. Scully co-founded Howard Bank and was its chairman and CEO for 18 years. The $2.6 billion-asset bank was sold to F.N.B. Corp. earlier this year. She earned an MBA in

A proposed bank in Colorado has a business plan that involves dealing in precious metals. Organizers of the proposed Battle Bank in Avon said in their application with the Federal Deposit Insurance Corp. that the de novo plans to offer clients opportunities to buy, sell, take delivery of, and store non-FDIC insured precious metals. The bank would also originate loans backed by precious metals. Those metals could include gold, silver, platinum and