Consumer banking
Consumer banking
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1st United, of Boca Raton, paid $5 million in cash to Enterprise's minority shareholders and transferred Enterprise's troubled assets, worth $40.8 million when the deal closed, to its majority owner.
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EverBank Financial in Jacksonville, Fla., (EVER) announced Monday it is opening a commercial real estate lending office in Houston.
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During the heyday of deregulation, Gerald Corrigan argued that banks' unique functions required a unique level of supervision and protection. The former Fed official's essay remains as relevant as ever.
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American Bank Center in Dickinson, N.D., has agreed to buy Community First Bank of Glendive in Montana.
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JPMorgan Chase has stopped selling most of its bad loans to third-party collectors in recent months as it braces for regulatory action over its credit card debt collections practices.
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The companies announced last week an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.
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As the Federal Reserve Board gets set to vote on a final package of Basel III capital rules at a meeting Tuesday, it remains unclear just how far regulators will go to placate community bankers outraged by the proposal offered last year.
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Mutual thrift defections from the Office of the Comptroller of the Currency should decline now that once-nervous bankers have gotten a chance to get familiar with the regulator.
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BNC Bancorp in High Point, N.C., started making acquisitions in the Carolinas three years ago, with private-equity help. Now it can afford to take its time and digest while other banks feel pressure to buy.
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Citigroup will pay Fannie Mae $968 million to compensate the taxpayer-backed mortgage buyer for more than a decade of claims tied to faulty home loans.
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The president and chief executive of Sierra Vista Bank (SVBA) in Folsom, Calif., has stepped down.
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Frost Bank's Dick Evans discusses his strategy, in a highly competitive lending market, for competing on price without taking on undue risk.
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Continuing its string of acquisitions in its home state, Prosperity Bancshares in Houston has agreed to buy FVNB Corp. in Victoria, Texas.
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First PacTrust Bancorp in Irvine, Calif., has raised $50.9 million through a common stock offering.
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As other banks grapple with the issue of branching, Seacoast Banking Corp. of Florida is letting its creativity run loose. The Stuart company has opened five offices in the last three months, called "fuel cells," to focus on small businesses. The aim is to foster more collaboration between commercial clients and Seacoast employees.
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GECU and the local Kinley's House Coffee & Teas are introducing a new concept-combining a credit union branch with a cafe.
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Goldman Sachs, one of the owners of a newly designated minority bank, has a history of discriminatory behavior.
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A South Dakota man pleaded guilty Wednesday to one count of mail fraud for using the mail to steal more than $106,000 from his employer, AAA Collection Co., between 2009 and 2011.
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U.S. Bancorp will repay customers $3.2 million to resolve Consumer Financial Protection Bureau claims that it misled military-service members who took part in an auto lending program.
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Mounting medical bills are expected to push 1.7 million U.S. households into bankruptcy this year - making health expenses the largest cause of such filings.
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