To win over younger customers, banks must offer free products that work straight out of the box, while also reducing red tape. To hire the best millennial-generation employees, banks need to appeal to younger workers' global values.

Breaking News

Executives at regional banks around the country have reported a wide variation in quarterly loan growth (some good, some not) as economic volatility, heavy competition and new regulatory requirements present obstacles.

Concerns still remain among community bankers that examiners could push individual community banks to undergo stress tests, even if the agencies refuse to make it mandatory.

The Mississippi company withdrew two merger applications in August after the FDIC targeted its Bank Secrecy Act compliance. Management says they have made significant progress and are looking forward to a follow up exam early next year.

The GSE regulator's second attempt to stimulate the mortgage market is receiving a lukewarm reception from lenders, who remain gun-shy after being forced by Fannie and Freddie to repurchase billions of dollars in soured loans since 2008.

Huntington Bancshares says spend — it plans to expand its branch network next year — but SunTrust, BB&T and First Horizon are of a mind to keep cutting costs.

Enterprise Financial wants to show that mortgages made to legal immigrants that have taxpayer ID numbers are actually safe credit risks, and it is testing the philosophy at a branch in Kansas City, Kan.

Pennant Management, which handles assets for community banks and other clients, disclosed that it could be holding up to $179 million in fake USDA-insured loans. Industry observers said the firm's failure to take certain precautions, along with weaknesses in the secondary market for USDA loans, invited fraud.
Comments (1)

AmericanWest is buying Bank of Sacramento for $60 million in cash. Although the deal was being negotiated well before the recent market sell-off, it serves as a good example of the comfort of a fixed cash price.

A judge's ruling that Doral is owed $230 million by the territory's government may not immediately change it status as "significantly undercapitalized."

A community bank in Massachusetts has opened a branch that's a microcosm of forward-looking trends in retail bank design. Emphasis on the "micro" part.

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