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Latest DOJ redlining settlement offers warning about M&A

American Banker

First National Bank of Pennsylvania, a unit of FNB Corp., ran into trouble in connection with North Carolina operations it acquired from Yadkin Financial in 2017.

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PA Attorney General enters into agreement prohibiting collections by buyer of private student loans

CFPB Monitor

The Pennsylvania Attorney General recently entered into an Assurance of Voluntary Compliance with Elevation Capital Partners, LLC, a buyer of private student loans, that prohibits Elevation from engaging in any collection efforts, directly or through servicers, related to loans made to Pennsylvania borrowers who attended schools operated by Education (..)

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty.

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CVS To Open 50+ COVID-19 Drive-Thru Testing Sites

PYMNTS

As it works to address the pandemic with testing, CVS Health plans to open over 50 COVID-19 testing sites at designated CVS Pharmacy drive-thru locations throughout Connecticut, Florida, Arizona, Pennsylvania and Massachusetts. CVS Health President and CEO Larry J.

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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

The bank, First National Bank of Keystone, was $1.1 She effectively ran the bank and its operations. The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania. And so went the birth of First National Bank of Keystone's meteoric rise. Clearly, blue-suit regulators stood out. I'm not making this up.

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Grubhub, BJ’s Restaurants And Brewhouse Announce Partnership

PYMNTS

Grubhub , a mobile food ordering and delivery platform, is expanding its range of delivery and catering options once again, this time by announcing news of a partnership with another national leader in food services: BJ’s Restaurants and Brewhouse. BJ’s Restaurants, Inc., Additionally, corporate catering is available for business functions.

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COVID-19 Disrupts Leisure In US, But China Expects ‘Revenge Travel’ Boost

PYMNTS

In the keystone state, the Pennsylvania Gaming Control Board data indicates that COVID-19 casino closures ordered in March caused a 51 percent fall in revenues for the month, The Daily Times reported. The biggest theater operator around the world, AMC Entertainment Holdings Inc., Statewide revenue for all casinos was $153.4