= Subscriber content; or subscribe now to access all American Banker content.
New rules have made it more challenging to originate mortgages without drawing attention from regulators. Mercantile Bank in Michigan, however, believes that positive trends in its biggest markets are incentive enough to hire lenders and improve its systems.

Top Stories

Prosper Marketplace's decision to eliminate 22% of its workforce is more evidence that the bloom is off the rose for a sector that had been enjoying astronomical growth.  more »
Serving on a bank board is a tough gig, and the fact that a number of bank directors sit on the boards of four or more public companies is raising questions about whether they are too busy to be good watchdogs.  more »
Just six months out from the general election, presumptive Republican presidential nominee Donald Trump’s positions on banking issues remain a complete mystery aside from a general pledge to roll back the Dodd-Frank Act.  read more »
FinTech Forward
Some buyers are hanging in there, but as OnDeck Capital's disappointing first-quarter results show, investors who acquire and securitize marketplace loans are heading for hills. Among the reasons: fear of defaults, unfavorable pricing and shrinking loan yields.  read more »
Entrepreneurs and other financial-technology experts give some common-sense advice including: watch your pennies, live in the right places and choose your associates carefully.  read more »
During a discussion Monday about the impact of technology on the financial sector, tech executives argued that banks are inefficient because they are paying six-figure salaries to employees whose jobs can be computerized.  read more »
No one at Old Fort Banking could afford to buy the large stake being sold by the Ohio bank's majority shareholder. So the employee stock ownership plan stepped in, and now it plans to take full control of Old Fort's holding company.  read more »
Video