Allissa Kline

Key insight: Mounting frustration at California-chartered banks over higher assessment fees and the potential for heavier regulatory burdens may lead to more charter switches.

| Key insight: Citi has finalized the divestiture of its Polish consumer-banking business.

Key insight: Truist has recruited outsider Michael Lyons, who briefly served as president of Pittsburgh-based PNC Financial Services Group, to be its next CEO.

The Spanish banking giant's pending acquisition of Webster Financial is still awaiting approval from the Federal Reserve Board and the European Central Bank. The deal is expected to close during the second half of 2026.

Key insight: Atlanta-based Ameris Bancorp plans to open a commercial banking office in Nashville by the end of 2026, as it favors an organic growth strategy amid market disruption.

| Key insight: JPMorgan is making changes to its executive leadership team. Marianne Lake, who has led consumer and community banking since 2024, is preparing to retire from the bank.

| Key insight: Now that there's more certainty around the Iran war, larger bank M&A could pick up, since banks want to make deals under the current Trump administration, experts say.

Key insight: Citizens Financial Group has expanded President Brendan Coughlin's responsibilities, giving him oversight of another line of business.

Key insight: Bank M&A was poised to maintain its strong pace in 2026, but geopolitical tensions and a fresh bout of economic concerns put a damper on deals during the first six months of the year.

Key insight: Citi could incur higher expenses in the second half of this year if market conditions create opportunities to hasten investment spending, executives said Tuesday.