Fulton Financial in Lancaster, Pa., will do away with fees for nonsufficient funds (NSF) and extended overdrafts during the fourth quarter. The $26 billion-asset company did not disclose the financial impact of the planned changes.An extended overdraft occurs when an account balance remains negative for more than five consecutive business days. “We’ve received consumer customer feedback, and this is another way we’re responding and helping,” Andy Fiol, Fulton’s head of consumer

The USDF Consortium has a new CEO. The group, created in January to build a bank network to mint and use stablecoins, said in a press release Wednesday that it had hired Rob Morgan to fill the post. Morgan previously served as senior vice president of innovation and strategy at the American Bankers Association. He built and led the association’s office of innovation. "Banks have a strong history of bringing responsible innovations

A recently created credit union association has a new brand. The Mountain West Credit Union Association and Northwest Credit Union Association, which merged on June 30, are now collectively known as the GoWest Credit Union Association. The association serves more than 300 credit unions with 16.5 million members in Arizona, Colorado, Idaho, Oregon, Washington and Wyoming. GoWest said it will debut a new website in January.

Florence Bank in Massachusetts is looking for a new CEO. The $1.9 billion-asset bank said in a press release Tuesday that Kevin Day will also retire as its president on Nov. 25. The bank said it is already searching for his successor. Day joined the bank in 2008 as its chief financial officer. He became president in January 2020 and CEO a few months later. “Our goal in this transition is to

Encore Bank in Little Rock, Ark., has hired a banker to create a business line geared toward community associations. The $1.8 billion-asset bank said in a press release that Patti DuBuque will oversee the new division as director of association banking. DuBuque "is a results-oriented leader with proven success in expanding orientations and surpassing business growth objectives," Burt Hicks, Enocre's president and chief strategy and growth officer, said in the release. “We

Columbia Banking System in Tacoma, Wash., will enter Utah after hiring commercial bankers in Salt Lake City. The $21 billion-asset company said in a press release Tuesday that it hired Jeffrey Thomas and James Divver to join its business lending division. The bankers will be responsible for building a team in the market."Our expansion into Utah is a logical extension of our growing Western footprint and a timely opportunity to enter one of

A banker well known for her advocacy for women in the financial services industry has landed a new job.First Community Bank in Batesville, Ark., said in a press release Tuesday that it had hired Natalie Bartholomew as its community president in Rogers, Ark. Bartholomew will be responsible for establishing the bank’s presence in the market, which will include hiring a team and building relationships with area businesses. The $2.1 billion-asset bank is

Revolut has named an insider to oversee the neobank’s efforts in the United States. The company said in a press release that Sid Jajodia is its U.S. CEO. Jajodia will remain Revolut’s chief banking officer, a role he has held since joining the company a year ago. Revolut launched in the U.S. in March 2020, offering financial services to retail and business customers that include banking, foreign exchange, crypto and stock