Consumer banking
Consumer banking
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The acquisition of Middleburg Financial would create a nearly $2.5 billion-asset bank in northern Virginia with strong mortgage originations and a growing wealth management business. It would provide an endgame for Middleburg while also making Access more appealing to potential buyers.
October 24 -
David Stevens, the chief executive and president of the Mortgage Bankers Association, revealed Monday that he has been diagnosed with cancer in prepared remarks at the association's annual conference in Boston.
October 24 -
Lenders will get a reprieve from the threat of some mortgage-related penalties under a new program announced by housing-finance giant Fannie Mae on Monday.
October 24 -
Access National in Reston, Va., has agreed to buy Middleburg Financial in Virginia for $233.1 million, or $32.51 a share, in stock.
October 24 -
Community Bank System in Syracuse, N.Y., has agreed to buy Merchants Bancshares in South Burlington, Vt., for $304 million, or $44.02 a share, in cash and stock.
October 24 -
To land and retain millennial customers, mobile banking apps must graduate from simply replicating online banking on a phone to leveraging the native functionality of mobile hardware.
October 24 -
Blockchain and the 'Internet of Things' are enabling a lot of new payments innovation. In Canada, they're part of a huge project that could radically change ID security for more than just payments.
October 24 -
The U.S. migration has passed the one-year mark, but more key dates are on the horizon.
October 24 - Rhode Island
Amid shrinking yields, rising delinquencies and repeated warnings from regulators about frothy market conditions, several banks said on earnings calls that they plan to scale back or hold the line on indirect auto lending.
October 21 -
WestStar Bank in El Paso, Texas, said it has acquired assets from Cimarron Mortgage Capital that are to Cimarron's construction lending and residential mortgage divisions.
October 21 -
James Cope entered into an agreement with the U.S. Attorney for the Middle District of Tennessee to plead guilty to one count of insider trading; he will serve a two-year probationary sentence.
October 21 -
First NBC Bank in New Orleans may have avoided one problem only to run into a much bigger issue.
October 21 -
Older Americans control more than two-thirds of the deposits, so why do millennials get all the attention in digital banking? Banks are perhaps missing out on a major opportunity to build value by not focusing on this group.
October 21 -
Home BancShares in Arkansas would rather buy banks that meet its financial parameters than do one large deal to catapult over $10 billion in assets. The bank also spent most of this year idling with M&A so it could prepare for stress testing.
October 21 -
We are still in the early days of digital finance but the heated tone of conversations surrounding approaches to data access threatens to keep us there.
October 21 -
Strong loan growth sparked higher third-quarter earnings at Synchrony Financial, the credit-card issuer that was spun off from General Electric.
October 21 -
TCF Financial in Wayzata, Minn., on Friday reported higher profits, mostly from gains on the sale of auto loans.
October 21 -
Even if the cross-selling scandal is unique to Wells Fargo, banks nationwide will need to prepare for added regulatory scrutiny. Here's how.
October 21 - Rhode Island
Citizens Financial posted significantly higher profits in the third quarter thanks to a one-time boost to fee income and growth in loans and deposits, though the gains were held down by increases in both expenses and provision for credit losses.
October 21 - Georgia
Profit fell at SunTrust Banks in Atlanta during the third quarter because of higher costs for technology and deposit insurance premiums, as well as an unfavorable yearly comparison.
October 21







