Allissa Kline

Reporter Allissa Kline is a Buffalo, New York-based reporter who writes about national and regional banks and commercial and retail banking trends. She joined... Read full bio

For some banks, surging loan growth isn't all a bed of roses, as funding the increased volume often results in a certain amount of net-interest-margin dilution.

Citizens Financial Group plans to close 100–120 supermarket branches over the next decade and replace about half with 50–60 standalone branches offering wealth management and small-business banking services. The strategy aims to attract $20–30 billion in low-cost deposits while modernizing its retail footprint, reflecting an industry-wide shift away from in-store banking. The bank reported strong second-quarter results, including a 35% increase in net income, and continues expanding its private banking business. Executives said the branch transformation, along with ongoing investments in AI and advisory services, is expected to improve efficiency and support long-term profitability.

Key insight: The CEO of Spanish banking giant Banco Santander downplayed concerns that politics could get in the way of its pending acquisition of U.S.-based Webster Financial.

Key insight: Two Black-owned banks in the Carolinas have agreed to combine in a cash-and-stock deal worth more than $105 million.

Key insight: It was a mixed bag for Flagstar Bank during the second quarter, as commercial-real-estate loans payoffs came in higher than expected, which

Key insight: Texas Capital failed once to win shareholder support to redomicile from Delaware to Texas, but its management team plans to try again.

Key insight: Banc of California restructured its balance sheet during the second quarter, leading to a net loss that appeared to surprise investors.

Key insight: The second-largest U.S. bank warned that it may be forced to pay monetary penalties as part of a resolution with regulators regarding anti-money-laundering programs.

Key insight: The Fed's approval for the proposed $12.3 billion merger followed green lights by the European Central Bank and the Office of the Comptroller of the Currency.