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Nov 17

Synchrony Bank Raises Savings Rates to 1.00% APY

Synchrony Bank, formerly known as GE Capital Retail Bank, has increased the rate of its savings account from 0.95% APY to 1.00% APY, which applies to all balances in the account. The rate jump puts Synchrony Bank’s savings account as one of the best options for those who don’t have large balances. (The account has

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Regions Bank to Test New Branch Concept
Nov 14

Regions Bank to Test New Branch Concept

Regions Bank is currently experimenting with a new branch concept that offers new technology, new floor layouts and an enhanced customer service experience. The concept features ATMs that offer video conferencing with a live teller, who can process most transactions as an in-branch teller. Instead of teller lines, customers a greeted by bankers, who deal

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American Express Redesigns Website for Easier Navigation
Nov 13

American Express Redesigns Website for Easier Navigation

American Express has given a makeover to its online experience with new designs and layouts. Firstly, you’ll notice that the new looks makes it easier to navigate on web, mobile and tablet. Secondly, after logging in, you’ll see a streamlined Account Home that puts all the important information in front of you. There’s also a

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BB&T to Acquire Susquehanna Bank In Major Bank Merger

BB&T to Acquire Susquehanna Bank In Major Bank Merger

Susquehanna Bank, based in Lititz, Pa. with $18.6 billion in assets and $13.6 billion deposits, entered an agreement to be acquired by BB&T, one of the nation’s 10 largest retail banks. For BB&T, the acquisition of Susquehanna Bank will add 245 existing Susquehanna banking locations throughout the mid-Atlantic. “We are extremely excited to welcome our

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Nov 12

Urban Trust Bank Rebrands to Axiom Bank

Urban Trust Bank, based in Lake Mary, Fla. with $617 million in assets and $527 million in deposits, has started its rebranding process of becoming Axiom Bank. In the coming months, customers will begin to see logo changes on everything from branches to checks to email notices from Axiom Bank. The bank’s new website address

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Nov 10

Frontier Bank Is Shut Down By Regulators

Frontier Bank, based in Palm Desert, Calif. with $86.4 million in assets and $82.1 million in deposits, was closed by federal regulators on Friday. The failed bank’s deposits were assumed by Bank of Southern California, based in San Diego, Calif. The two branches of Frontier Bank have reopened as branches of Bank of Southern California.

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Nov 03

Huntington Bank Launches Two New Checking Accounts

Huntington Bank, one of the large regional banks in the Midwest, has launched two new interest-bearing checking accounts to its product lineup. Called Huntington 5 Checking and Huntington 25 Checking, they offer additional perks like interest-rate bonuses, non-bank ATM and credit card bonuses. They each have monthly fees, noted by their names ($5 and $25,

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Oct 22

NBRS Financial Becomes 15th Bank to Fail This Year

It’s been a while since a bank failed — the last one was in July. But, that streak didn’t last long. On Friday, NBRS Financial, based in Rising Sun, Md. with $188.2 million in assets and $183.1 million in deposits, was closed by federal regulators. All deposits were assumed by Howard Bank, based in Ellicott

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American Express Membership Rewards Points Can be Used at McDonald’s
Oct 15

American Express Membership Rewards Points Can be Used at McDonald’s

American Express card customers who participate in the Membership Rewards program will be able to use their points in real-time for purchases at McDonald’s restaurants. The new payment option is expected to be available McDonald’s locations by December 2014. “When Card Members pay with their American Express Cards at McDonald’s, this technology adds flexibility and

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Bank of America to Issue EMV Chip Debit Cards
Sep 30

Bank of America to Issue EMV Chip Debit Cards

Bank of America announced that all new and reissued consumer and small business debit cards will carry EMV chip technology starting in October. “The new chip-enabled debit cards will improve security of customers’ transactions when traveling abroad and at home, as more U.S. merchants adopt chip technology,” said Titi Cole, retail products and underwriting executive

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