Consumer banking
Consumer banking
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BancorpSouth posted lower earnings from the first quarter after adjusting for lower valuations in its mortgage servicing rights, the company said Monday.
July 23 -
Second-quarter profit at Eagle Bancorp (EGBN) rose 57% from a year ago, as the Bethesda, Md.-based company grew its loan portfolio and gathered more fee income.
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Fueled by increased fee income, Chemical Financial (CHFC) in Midland, Mich., posted its highest quarterly earnings per share in more than six years.
July 23 -
Visa and MasterCard repeatedly have been targets of legal actions and legislation over their policies. It has cost them and their issuers billions over the years in settlements and lost revenue.
July 23 -
The Milstein family's recent sale of Emigrant Bank's New York branches shows how banks can innovate when they don't answer to a wide shareholder base.
July 23 -
The U.S. regulator overseeing Fannie Mae, Freddie Mac and the Federal Home Loan Banks has hired a consulting firm to create contingency plans for taking the mortgage-finance firms into receivership, according to contract documents.
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S&T Bancorp's second-quarter profit fell 36% from the same quarter last year, to $8.6 million, as gains in fee income could not offset narrowing margins and an uptick in problem loans.
July 23 - Pennsylvania
Northwest Bancshares (NWBI) in Warren, Pa., posted higher second-quarter earnings after delinquent and nonaccrual loans fell to their lowest levels in four years.
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The Renton, Wash., company has spent more than $600,000 to fight an big outside investor, highlighting the cost of duking it out with irate shareholders.
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Strong gains in fee income combined with improved asset quality powered West Coast Bancorp in Lake Oswego, Wash., to a $6 million profit in the second quarter, up 30% from the same period in 2010.
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As banks try to raise revenue and improve their reputations, they are shaking up their relationships with the "mad men" of Wall Street, testing out new advertising to help refurbish their brands.
July 23 -
ALEXANDRIA, Va. – Pentagon FCU announced this morning its Prudential PenFed Realty CUSO has acquired Prudential Professional Realty in Clarksville, Tenn., an independent franchise outside the Fort Campbell, Kentucky, military base, which has been rebranded as Prudential PenFed Realty.
July 23 -
Howard Bancorp in Ellicott City, Md., has raised $10.2 million through a public offering and private placement of common stock.
July 23 -
Lower noninterest expenses and a declining provision for credit losses led Bank of Hawaii (BOH) in Honolulu to second-quarter net income of $40.7 million, up almost 16% from a year earlier.
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Bank sellers and buyers are seeing a steady pickup in business, including separate deals last week by Emigrant and WesBanco.
July 23 -
Metro Bancorp (METR) in Harrisburg, Pa., reported its most profitable quarter in nearly four years in the three months that ended June 30 as the company saw a modest increase in loans and revenues and continued to reduce its overhead.
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Bank of America (BAC) reduced its automated teller network almost 9 percent this year by yanking most of the devices deployed at U.S. gas stations and malls.
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Higher earnings at People's United Financial could not prevent analysts from heavily questioning management on the company's lower net interest margin during a conference call.
July 23 -
Citigroup has developed a perk-laden Hilton credit card, in the latest big bank effort to poach some of American Express's wealthy, high-spending customers.
July 23





