When Does 31 + 36 = 23?
In banking, rankings-not math-make 31 + 36 equal 23. Banco Santander (the 31st largest U.S. bank) plans to acquire Webster Financial (the 36th largest). Combined, they would form the 23rd largest U.S. bank, with about $188 billion in assets, The…
Community Banks Posting Outsized Deposit Growth
U.S. community banks outperformed the industry with 5% domestic deposit growth. However, they lagged when it came to interest-bearing deposits (IBD), which rose 5.5% industrywide but just 0.8% at community banks. In spite of that weaker IBD growth overall, many well-rated…
How Financially Literate Are You Really?
April is Financial Literacy Month, highlighting the importance of improving financial knowledge for both adults and children. Many financial institutions, organizations, and even public figures (like Jennifer Hudson and former NFL player Brandon Copeland) are promoting financial education. Many of…