Already defending itself against a lawsuit challenging its member business lending rule, the credit union regulator now must grapple with a challenge to field-of-membership regulations. Some observers suggest the scope of the legal approach is unprecedented.
The new chairman of Republic First was famously ousted from Commerce Bancorp because of conflict-of-interest concerns years ago. His new bank uses some Hill-related companies for marketing and other services but says that it has structured the relationship in a way that passes muster with regulators.
Ten publicly traded banks have raised about $950 million in recent weeks, taking advantage of surging stock prices. Additional banks are expected to follow, setting the stage for more M&A and other growth moves.
The veteran banker, who is taking the nonexecutive chairman post at Republic First Bancorp in Philadelphia after a long hiatus from the U.S. market, stands by the model he pioneered at Commerce despite a much-changed environment.
Kevin S. Kim thought he was joining a bank board to bring youth to an aging slate of directors. Eight years, four acquisitions and a banking crisis later, he is now the chief executive of the nation's largest Korean-American bank.
Nearly a decade after he was forced to resign as CEO of Commerce Bank in Cherry Hill, N.J., the retail banking innovator was named chairman at Republic First Bancorp, which has adopted many of Commerce's practices.
Anthony Labozzetta, CEO of Sussex Bancorp in New Jersey, isn't afraid of change. His unusual approach to banking helped Sussex emerge from the financial crisis with momentum. Now he's building a branch model that could serve as a blueprint for growth-minded banks.
What's Next for Energy Lenders? Lots of 'Wound-Licking'
Expect banks to pull back on energy lending in the near term, as regulators step up their scrutiny of oil loans and bankers approach the business with a "different attitude," says Mariner Kemper, chairman and chief executive at UMB Financial in Kansas City, Mo.
The post-election rise in stock prices has been a boon for investors, but it is also causing notable changes for financial institutions. Here are a number of ways that the rally can help and hurt the banking industry.
It's the time of year to give thanks, and for bankers some things to be grateful for include rising stock prices, a brightening M&A outlook and, most notably, the potential for regulatory relief under President-elect Donald Trump. Here is a list of developments the industry might be celebrating this Thanksgiving holiday.
Bankers are anxiously waiting to see who President-elect Donald Trump will pick as the next Treasury secretary. Several prominent names have been floated for the job, though with every passing day, a new possible choice seems to pop up. Following is a look at the current crop of candidates and their chances.
Mobile phones are only going to become a bigger part of how banks interact with their customers, so several institutions are looking to enhance that experience. They are focusing on better ways of opening accounts, verifying identities, interacting with customers and offering new services and features. Here are some of the improvements announced this year.
This year federal and state regulators have started to pay closer attention to the rapidly evolving online-lending sector particularly online small-business lending. What follows is a look at eight key players in the debate over how to regulate this emerging industry.