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Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money — or start cutting to the bone.October 25 -
The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses.October 21
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Agility Bank, one of two women-led groups seeking charters, is looking to open next spring.October 20
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The Ohio company's new effort will commit $25 million in 7(a) loans, along with fee waivers and financial education.October 20
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Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.October 19
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The family-owned bank from the South and the New York commercial lender each would fill a clear need for the other. First Citizens would gain business lending expertise and an online deposit-gathering platform, and CIT would get the cheap deposits it coveted.October 16
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The credit union regulator has held back in allowing the use of derivatives but has released a proposal that would remove red tape for some larger institutions.October 15
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The New York bank, which is conducting a search for its next leader, also said it expects to report strong third-quarter earnings.October 14
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The San Francisco bank reported record loan originations thanks to explosive growth in single-family home loans, and profits beat analysts' expectations.October 13
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Lenders welcomed the move as a helpful first step but are still urging policymakers to develop a broader, simpler process for expediting the approvals of loans extended to troubled small businesses under the Paycheck Protection Program.October 9
