Consumer banking
Consumer banking
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Porter Bancorp (PBIB) in Louisville, Ky., will replace its chairman and chief executive at the end of this month.
July 23 -
The Alabama regional bank, which struggled to jumpstart top-line growth during the second quarter, is hiring financial consultants and holding more 15-year mortgages.
July 23 -
MB Financial was eager to buy Taylor Capital because of its commercial lending prowess, not its mortgage unit. However, private-equity firms are said to be in talks to buy the unit.
July 23 -
The Federal Reserve Board has terminated enforcement actions with Royal Bancshares of Pennsylvania in Narberth and First Pryority Bank in Pryor, Okla.
July 23 -
Securing an economically and fiscally sensible approach to housing finance reform is taking a backseat to entrenched political views on both sides of the aisle.
July 23 -
Park National in Newark, Ohio, is giving its president the additional title of chief executive.
July 23 -
Carlyle Group is selling off the last of its stake in Boston Private Financial Holdings (BPFH).
July 23 -
Signature Bank in New York reported its 15th consecutive quarter of record profits as its loan revenue rose substantially.
July 23 -
Second quarter marks against securities have ranged to 5% or more of tangible equity, but markets have looked past the losses and bid up bank stocks.
July 23 -
The study quantifies the sizes of each market segment and their historical growth rates, reviews the key factors behind the figures, incorporates input from interviews with industry figures and sets out a market forecast.
July 23 -
First Niagara Financial in Buffalo, N.Y., has settled another severance issue involving a former executive.
July 23 -
The relationship between traditional financial institutions and startups is a recurring theme in BankThink's series, "The Future Model of Banking." While young companies are nimbler and more innovative, banks have the advantages of regulatory protections and incumbency. So while the disruptive newcomers could make banks obsolete, these entrepreneurs may be able to accomplish more by working with banks than they might on their own.
July 23 -
FirstMerit (FMER) in Akron, Ohio, reported higher second-quarter profit after completing its acquisition of Citizens Republic Bancorp.
July 23 -
Our model must change to reduce embedded friction, whether in the form of fees or complicated processes. We must keep up with the simplicity, usability and transparency customers now demand.
July 23 -
In a case against a payday lending operation, a judge has ruled that American Indian tribes are subject to the FTC Act.
July 23 -
Synovus Financial (SNV) in Columbus, Ga., will raise roughly $125 million through a preferred stock offering.
July 23 -
Improved credit quality pushed up quarterly profit at TCF Financial Corp. in Wayzata, Minn., despite declines in interest and fee revenue.
July 23 -
Shopkick now allows consumers to make purchases directly from its mobile app, which rewards consumers for visiting its merchant clients in-person.
July 23 -
Regions Financial reported lower second-quarter earnings after the Birmingham, Ala., company restructured its debt and redeemed certain securities.
July 23 -
PacWest has agreed to buy CapitalSource for $2.3 billion, a transaction that would fulfill CapitalSource's longtime goal of becoming a full-fledged bank. It is the year's biggest bank deal.
July 22



