Citi Taps McLean as Australia ECM Head After Jahrling Exits
Rob Jahrling will be replaced by John McLean, said a spokesperson for the firm.
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Yahoo
26 minutes ago
- Yahoo
Primis Bank review (2025): High-interest bank accounts with free nationwide ATM access
Summary: Primis Bank is a financial institution that combines the strength of an FDIC-insured bank with the innovation of a fintech company. It offers personal and business deposit accounts, mortgages, loans, and lines of credit. The bank was founded in 2005 and primarily serves customers online. However, it has physical branches in Virginia and Maryland. Primis Bank product overview Primis Premium Checking Primis Bank's Premium Checking account is a free checking account with a high yield. It pays 4.05% APY and has no minimum balance. The minimum opening deposit for this account is just $1. In addition, this account has minimal fees, charging no monthly account fees or overdraft fees. You also have free nationwide ATM access, with all non-Primis ATM fees refunded at the end of each billing cycle. Primis Perks Checking This account has most of the same benefits as the Premium Checking account. The main difference is that it earns rewards on every debit card purchase instead of interest. Every time you use your debit card, you earn a flat $0.50, which is paid into your account. Primis Savings Primis Bank also offers a high-yield savings account with a competitive 4.2% APY. It has many of the same benefits as the bank's checking accounts, such as no monthly fees or minimum balances. In addition, it has the same $1 minimum opening deposit. Read more: Savings accounts with interest rates of 4% APY and higher (updated weekly) Primis Bank fees Primis generally keeps fees low; you can learn more about specific account fees in each account's disclosure documents. The following table highlights common fees that Primis Bank charges for certain services. A continuación A continuación Primis Bank pros and cons Consider these pros and cons before opening an account with Primis Bank: Pros Competitive deposit interest rates: Primis Bank's Premium checking account pays an impressive 4.05% APY, while the savings account pays slightly more at 4.2% APY. These rates are highly competitive for today's market. No monthly fees: This bank charges no monthly fees on any of its deposit accounts. Free nationwide ATM access: You have fee-free access to ATMs nationwide. Any fees you incur are reimbursed at the end of each billing cycle. Cons Limited branch access: Primis Bank has several branches in its home state of Virginia, as well as Maryland. However, it does not have a physical presence in other states. This may be a downside for those who prefer in-person service. No CDs or money market accounts: CDs sometimes pay higher rates than savings accounts, but Primis doesn't offer them. The same is true for money market accounts, which offer some features of both checking and savings accounts. Customer service and mobile banking experience You can get in touch with Primis Bank via phone or email, in addition to a contact form on the bank's website. It also has a chat feature, which lets you communicate by typing or speaking. The bank says its customer support number is available 24/7. Primis Bank has apps available on iOS and Android, with average user ratings of 4.7 stars and 4.4 stars, respectively. The app lets you check account balances, see spending patterns, transfer money between accounts, and deposit checks. Primis Bank address and phone number The general customer support number for Primis Bank is 833-477-4647. Primis Bank's mailing address is: Primis P.O. Box 2075 Ashland, VA 23005 Primis Bank FAQs Is Primis Bank FDIC-insured? Yes, Primis Bank is FDIC-insured. In fact, it offers extended FDIC coverage, insuring up to $2 million per tax ID. What is Primis Bank's routing number? Primis Bank's routing number is 051409278. How large is Primis Bank? Primis Bank is relatively small, with $3.9 billion in total assets as of June 30, 2025. How old is Primis Bank? Primis Bank was founded in 2005. What was Primis Bank before? Primis Bank was previously known as Sonabank. The bank announced that it would rebrand to Primis Bank in 2021.
Entrepreneur
an hour ago
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Agentic AI Gains Traction but 86% of Enterprises Expect Heightened Risks: Infosys Report
With 95 per cent of enterprises facing incidents, the study reveals wide gap between AI adoption and responsible AI readiness, exposing most enterprises to reputational risks and financial loss You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The advent of agentic AI is giving rise to new risks with 86 per cent of the surveyed executives believing that it will introduce new risks and compliance issues, according to the latest study by Infosys Knowledge Institute (IKI), the research arm of Infosys. The report 'Responsible Enterprise AI in the Agentic Era' surveyed over 1,500 business executives and interviewed 40 senior decision-makers across Australia, France, Germany, UK, US, and New Zealand. The findings show that while 78 per cent of companies see responsible AI (RAI) as a business growth driver, only 2 per cent have adequate RAI controls in place to safeguard against reputational risk and financial loss. The report analyzed the effects of risks from poorly implemented AI, such as privacy violations, ethical violations, bias or discrimination, regulatory non-compliance, inaccurate or harmful predictions, among others. It found that 77 per cent of organisations reported financial loss, and 53 per cent of organisations have suffered reputational impact from such AI related incidents. The report also revealed that 95 per cent of C-suite and director-level executives have reported AI-related incidents in the past two years. 39 per cent characterised the damage experienced from such AI issues as "severe" or "extremely severe". 78 per cent of senior leaders see RAI as aiding their revenue growth and 83 per cent said that future AI regulations would boost, rather than inhibit, the number of future AI initiatives. However, on average companies believe they are underinvesting in RAI by 30 per cent. With the scale of enterprise AI adoption far outpacing readiness, companies must urgently shift from treating RAI as a reactive compliance obligation to embracing it proactively as a strategic advantage. To help organisations build scalable, trusted AI systems that fuel growth while mitigating risk, Infosys recommends the following actions: Learn from the leaders, blend product agility with platform governance, embed RAI guardrails into secure AI platforms, and establish a proactive RAI office. "Drawing from our extensive experience working with clients on their AI journeys, we have seen firsthand how delivering more value from enterprise AI use cases, would require enterprises to first establish a responsible foundation built on trust, risk mitigation, data governance, and sustainability. This also means emphasizing ethical, unbiased, safe, and transparent model development. To realize the promise of this technology in the agentic AI future, leaders should strategically focus on platform and product-centric enablement, and proactive vigilance of their data estate. Companies should not discount the important role a centralized RAI office plays as enterprise AI scales, and new regulations come into force," said Balakrishna D.R., EVP – Global Services Head, AI and Industry Verticals, Infosys.
Yahoo
an hour ago
- Yahoo
Ally Bank Earns Fourth Consecutive 'Outstanding' CRA Rating
Federal Reserve recognition highlights deep, long-term commitment to community investment SALT LAKE CITY, Aug. 18, 2025 /PRNewswire/ -- Ally Bank, the nation's largest all-digital bank with an industry-leading auto financing business, announced today that it has received an "Outstanding" rating on its most recent Community Reinvestment Act (CRA) performance evaluation by the Federal Reserve Board. Since 2017 Ally Bank has earned the highest possible rating four consecutive times. This distinction places Ally among the top 15% of U.S. financial institutions evaluated under the CRA. "Ally's fourth consecutive 'Outstanding' CRA rating reflects that doing right by our communities is foundational to our long-term business success," said Ally chief legal and corporate affairs officer, Hope Mehlman. "This rating is a testament to the strength of our CRA program and the passion our teams bring to serving their communities." As part of the most recent exam period (2023-2024), Ally delivered on its community reinvestment mission through $2.68 billion of community development loans and investments, including: $1.7 billion in community development investments, including $1.47 billion supporting affordable housing $734.4 million in community development loans, including $138 million supporting economic development and community services $3.4 million in grants to non-profit organizations supporting community development and economic mobility 1,685 in employee volunteer hours focused on financial literacy initiatives and nonprofit partnerships The rating affirms Ally's long-standing commitment to expanding access to capital in low- and moderate-income (LMI) communities across the country. Impactful examples include: A $35 million loan to Lendistry, one of the most active and impactful small business lenders in the country. In 2023 alone, Lendistry provided capital to more than 1,300 startups utilizing funding from Ally's loan. An $11.7 million real estate construction loan to Ogden PSH, LLC for a Low-Income Housing Tax Credit (LIHTC) rental project for chronically homeless individuals. The project will set aside units for homeless veterans and people with disabilities. A $5 million investment into ResilienceVC, an early-stage venture fund focused on investing in visionary entrepreneurs making financial services work for all Americans. Resilience VC targets scalable embedded financial technology startup companies that build financial resilience for users. Adopted in 1977, the CRA requires federally insured deposit-taking institutions to support the borrowing needs of all the communities where they do business, including low– and moderate–income areas. Banks are rated during periodic evaluation intervals for their lending, investments, and service activities. For more information about Ally's community development efforts are available here. Ally Bank, Member FDIC About Ally FinancialAlly Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves customers with deposits and securities brokerage and investment advisory services as well as auto financing and insurance offerings. The company also includes a seasoned corporate finance business that offers capital for equity sponsors and middle-market companies. For more information, please visit For more information and disclosures about Ally visit For further images and news on Ally, please visit Contacts: Alex Moore Ally Communications View original content to download multimedia: SOURCE Ally Financial
