Consumer banking
Consumer banking
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Regulators became cautious about approving bank deals after the financial crisis, but now some buyers are getting approval to close their transactions more quickly.
July 9 -
PacWest Bancorp (PACW) in Los Angeles is experiencing life on the other side of the bargaining table after its bank agreed to sell 10 branches to Opus Bank.
July 9 -
Authorities are searching for Aubrey Lee Price, a former director of Montgomery Bank & Trust, on charges that he bilked investors out of $40 million since 2008.
July 9 -
Centris Federal Credit Union has launched a fleet of self-service kiosks to serve under-banked consumers as it seeks to expand its marketshare.
July 9 -
Unreasonably high taxes generate less, not more revenue for governments. Likewise, banks might make more money with lower fees, and become more compliant and less hated.
July 9 -
MOLINE, Ill. -- IH Mississippi Valley CU is opening a new branch in nearby Galesburg tomorrow that eliminates the traditional teller line and replaces it with several benefits of technology.
July 8 -
The National Credit Union Administration announced Saturday morning the completion of its liquidation of WesCorp FCU, marking the end of the most costly failure in credit union history.
July 7 -
Total employment in the mortgage industry was flat in May, but there's been a shift over the past few months with brokerage firms hiring, according to figures from the Bureau of Labor Statistics.
July 6 -
The Georgia Department of Banking and Finance closed Montgomery Bank & Trust in Ailey on Friday. Ameris Bank in Moultrie, Ga., agreed to assume all of the bank's $164.4 million in deposits.
July 6 -
Refinancing activity continued to climb over the last three months, as did the gap between consumer and secondary market prices. Expect banks to report another quarter of strong mortgage revenues in the coming weeks.
July 6 -
The acting chairman of the Federal Deposit Insurance Corp. said it is "difficult at this time to anticipate the consequences" of the possible expiration of the Transaction Account Guarantee program at the end of the year because of the uncertain economic climate.
July 6 -
Georgia regulators have ordered an Atlanta-area business to stop calling itself a credit union.
July 6 -
RBC Capital Markets recently added two bankers to its financial institutions practice.
July 6 -
American Banker's Robert Barba on how Kansas has become fertile territory for bank deals and why more are in the works.
July 6 -
Henry Michaels and Jerry Wiant of RBC Capital Markets give their outlook for deals and pricing, discuss why taking stock can still be a good thing for sellers and advise bank buyers to manage investor expectations.
July 6 -
Preferred Bank (PFBC) in Los Angeles is set to post its first loss since the fourth quarter of 2010 following unexpected write-downs on two loans.
July 6 -
Frederick County Bancorp in Frederick, Md., said Friday that its second-quarter earnings rose nearly 140% from the same period last year, to $448,000, due to improved credit quality and sharply lower deposit costs.
July 6 -
Three California local governments may use their eminent domain powers to seize mortgages and restructure them to help distressed borrowers stay in their homes — much to the dismay of investors who hold the mortgages.
July 6 -
Wayne Savings Bancshares (WAYN) in Wooster, Ohio, is exiting the trust business and transferring its $40 million of trust assets to Thomasville Bancshares in Georgia.
July 6 -
Visa Inc. (V) and MasterCard Inc. (MA), the biggest payment networks, are prepared to settle a seven-year lawsuit brought by retailers to cut their credit-card costs later this month, three people briefed on the talks said.
July 6




