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Banking Essentials Newsletter: September Edition

US financials, most read

This week's most read content includes a feature on the latest shakeup in Citi's management and a pending deal between Oklahoma banks American Bancorp and Peoples State Bancshares.

Citi shakes up leadership as CFO Gerspach retires

Mark Mason will replace John Gerspach, the long-tenured CFO of Citigroup Inc., when the latter retires in March 2019.

Oklahoma-based American Bancorp. buying Tulsa-based Peoples State Bancshares

The terms of the deal between the two Oklahoma-based banks were not disclosed.

US Bancorp payment processing unit acquires Virginia-based fintech firm

The deal allows Elavon Inc. to integrate its payment processing services into Electronic Transaction Systems' software to provide safe and easy access to its services.

Hanmi CEO: Bank balked when SWNB tried to raise deal price

An attempt by SWNB Bancorp Inc. to increase deal pricing ultimately sank its acquisition by Hanmi Financial Corp., the would-be buyer's CEO said. In late August, SWNB failed to get shareholder approval for its pending deal with Hanmi.

US senator to introduce bill allowing court selection in securities fraud cases

Georgia Republican Sen. David Perdue hopes to attach a bill to a capital formation legislative package that would give publicly traded companies more flexibility in how they address securities fraud complaints.