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Bank regulators ramp up scrutiny of AI use at financial companies
Banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence, pressing firms on everything from data access to risks posed by third-party vendors.
Former MD congressman’s Forbright valued at $870M after shares fall in debut
Forbright, the Maryland-based bank founded by former U.S. Rep. John Delaney, was valued at $870 million after its shares fell in their Nasdaq debut.
CFG Bank commits $500K to Novella Center through partnership
The Novella Center for Entrepreneurship announced a four-year, $500,000 partnership with CFG Bank to support its accelerator programs.
APGFCU hosts ribbon-cutting for 3rd Baltimore County branch
APG Federal Credit Union held a ribbon-cutting ceremony to celebrate the opening of its newest branch in Cockeysville.
Supreme Court rebuffs challenge to bank collusion suit brought by Baltimore, cities
The U.S. Supreme Court declined to hear a bid by Bank of America and seven other major financial institutions to prevent cities from banding together in a $12 billion class action.
Commercial lending by credit unions: What MD businesses should know
Credit unions in Maryland increased commercial lending to $6.2 billion in fiscal year 2025, supporting small businesses despite rising risk concerns.
Credit unions partner with fintech to compete with big banks
Credit unions leverage fintech partnerships to enhance digital services and stay competitive with larger banks.
APG Federal Credit Union to open first Baltimore location
APG Federal Credit Union will open its first Baltimore City branch in Canton, expanding financial services and community outreach in central Maryland.
Bank of America agrees to pay $72.5M to settle Epstein accusers’ lawsuit
Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein.
Citizens Financial Group acquires investment bank with MD office
Citizens Financial Group Inc. struck an agreement to acquire Matrix Capital Markets Group Inc., an investment bank with a Baltimore office.
JPMorgan Chase to open over 160 new branches, including 3 in MD
JPMorgan Chase plans to open more than 160 branches across more than 30 U.S. states — including Maryland — in 2026.
Fulton, Blue Foundry banks to merge in $243M deal
Regional institutions Fulton Financial Corp., which operates locations across Maryland, and Blue Foundry Bancorp are pursuing a merger.
