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Banks and retailers run short on pennies as US Mint stops making them
A nationwide penny shortage sparked by Trump’s production halt is forcing retailers to round down, ration coins and plead for exact change.
Baltimore-based CFG Bank deposits $5M into ACT Program
Baltimore-based CFG Bank gave $5 million to the Advancing Communities Together Deposit Program to aid underinvested communities.
Bank of America commits $5M to local hunger relief efforts
Bank of America announced it will deliver $5 million to nearly 100 nonprofit organizations addressing urgent food needs at the local level.
Rockville-based bank reports Q3 earnings
Rockville-based Capital Bancorp Inc. (CBNK) on Monday reported net income of $15.1 million in its third quarter.
Bethesda-based Eagle Bancorp reports Q3 earnings
Bethesda-based Eagle Bancorp Inc. (EGBN) on Wednesday reported a loss of $67.5 million in its third quarter.
MD-based Sandy Spring Bank, Atlantic Union Bank complete merger
Virginia-based Atlantic Union Bank has officially completed a merger integration with Olney-based Sandy Spring Bancorp Inc.
Bank of America boosts minimum wage to $25 an hour
Bank of America has raised its U.S. minimum hourly wage to $25 per hour, boosting annual pay for full-time employees above $50,000.
NY AG sues Zelle’s parent company after Trump administration drops similar case
New York's attorney general sued the parent company of the Zelle payment platform, months after the CFPB abandoned a similar case.
Rosedale Bank debuts new name, logo, website
Rosedale Bank rebranded with a new name, logo and website to expand business banking and improve digital services.
Fair-housing group lacks standing to sue Bank of America over alleged discrimination, MD judge rules
A fair-housing group doesn’t have standing to sue Bank of America over its alleged discriminatory housing practices, a Maryland judge ruled.
Maryland Bankers Association and former CEO settle claims over his termination
The Maryland Bankers Association and its former president and CEO have agreed to dismiss claims against each other relating to his firing.
Bank of America ordered to pay $540M in long-running lawsuit from FDIC
A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator.
