Bank News: Bank7 renegotiations, Synapse victims, PNC, Regions & Citizens M&A, and Enova scraps!

Bank News: PNC, Regions, and Citizens executives don’t want to be distracted by potential M&A deals. PNC could be open to M&A, but current valuations make a deal unlikely. Citizens is open to bolt-on deals if they focus on the payments area. Bank7 is seeking to purchase 100% of Century Financial. Bank charter approvals more than double from 2025. Synapse victims turn to small-claims court as they are still trying to recover funds years later. Enova scraps merger deal with Grasshopper Bank. Nubank launches in the U.S. through a partner without full regulator approval. Truist exists near-prime auto lending business by selling $5.5 billion in loans. Citizens Bank sues SoFi for potentially poaching mortgage employees. Japanese Bank SMBC is recruiting in Charlotte. FDIC’s Travis Hill pushes for faster merger review process. Michelle Bowman outlines three potential changes to stress-test calculations and reviewed a new report on the failure of Silicon Valley Bank. Conference of State Bank Supervisors float AI framework for banks and examiners. This episode reviewed multiple articles from Banking Dive and S&P Global Market Intelligence (subscription required)