Commercial lending

The bank, which already offers mortgages through seven offices across North Carolina, is the fourth group to announce plans for a de novo in the state.

A 28% increase in lease assets helped offset stagnant growth in traditional auto lending.

Banks have been hanging on to problem loans for various reasons, but that could create headaches when credit inevitably worsens.

Record loan originations and strong growth in wealth assets under management more than offset a double-digit increase in expenses at the San Francisco company.

First Horizon CEO Bryan Jordan said the bank is still on track to meet cost-cutting targets from its November acquisition of Capital Bank in North Carolina.

Regulators should revise existing rules to encourage banks to offer short-term loans to customers who run into financial emergencies.

Opting out of doing business with the firearms industry is "troubling" behavior from banking institutions, said Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, during a hearing on Thursday.

As upstart companies mature, they face pressure to develop deeper relationships with their customers. That is leading some to offer to a wider range of products, including deposit accounts.

Orchard Platform Markets, a provider of lending data and services backed by the former heads of Citigroup and Morgan Stanley, is set to be acquired by the small-business lending platform Kabbage, said people familiar with the deal.

Investors are growing worried about lackluster loan growth this year at community banks.