Consumer banking
Consumer banking
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Demand for bank stocks is up this year, but Wall Street is showing reluctance to fund a certain kind of lender: Community banks with dim prospects for making acquisitions. MetroCorp Bancshares of Houston, First Community of Lexington, S.C., and Northeast Bancorp of Lewiston, Maine all find themselves in this situation.
May 16 -
The former chief financial officer of the failed Tennessee Commerce Bank has taken the same role at First Financial Service Corporation, a struggling Kentucky bank.
May 16 -
Just weeks after Capital One Financial (COF) said it was cutting 500 assistant manager jobs at its branches, FirstMerit (FMER) in Akron, Ohio, announced this week that it would eliminate all assistant branch manager jobs as part of a broad cost-cutting initiative.
May 16 -
Activist investor Joseph Stilwell is not winning much outside support in his bid to force changes at First Financial Northwest (FFNW) in Renton, Wash.
May 16 -
Still unable to wire their money to family back home, many Somali-Americans in Minnesota recently lined up to withdraw their deposits from U.S. Bancorp (USB) and Wells Fargo (WFC) or have vowed to do so soon.
May 16 -
CFS II, a Tulsa, Okla.-based debt collection agency, is scouting offices in North Carolina to potentially open a call center with as many as 2,000 jobs, according to company officials.
May 16 -
A month after expanding into Connecticut with its acquisition of a Hartford bank, Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., has added one of the state's most famous citizens to its board of directors.
May 16 -
I was surprised and disappointed by Jim Well's BankThink piece"Are Small Banks Big Banks' Pawns in Assault on Dodd-Frank?". As chair of the American Bankers Association's Community Bankers Council, I have the honor and responsibility of being a spokesperson for the community banking industry. I take this job seriously, and took great care to report on the growing regulatory burden that is suffocating our nation's small — but vital — financial institutions.
May 16 -
Cardlytics announced Wednesday that the company, which provides targeted offers to debit-card users, is offering a similar technology designed for credit card portfolios.
May 16 -
On YouTube, puppet shows are fine for consumers, but to appeal to businesses many banks are taking a more serious tone — and putting their own clients in the spotlight.
May 16 -
On Tuesday, Wells Fargo took its shot at overturning a landmark 2010 district court judgment against its overdraft fees and practices.
May 16 -
Possible violations of state and federal laws could jeopardize Costco's mortgage partnership program with several small banks. Some lawyers believe Costco should become a registered mortgage broker to comply with existing regulations.
May 16 -
Bankers are facing "rodeos" and "knife fights" as they try to strike gold again in payments.
May 16 -
Central Bank in Stillwater, Minn., is buying another distressed bank. It has a deal to buy the struggling Bank of Naples in Florida.
May 16 -
Jumio has released a software development kit to allow programmers to use its credit card scanning technology in mobile apps.
May 16 -
Bank of America is taking its small Florida pilot short-sale incentive program national.
May 16 -
When Residential Capital Corp. filed for bankruptcy protection earlier this week it left behind a trail of unsecured creditors with claims totaling well over $1 billion, according to court documents.
May 16 -
A 13% increase in refinance applications led to a 9.2% seasonally adjusted increase in overall application volume for the week ended May 11, according to the Mortgage Bankers Association.
May 16 -
Mortgage delinquencies continued on their downward path in the first quarter with 7.4% of all loans considered past due, the lowest reading since the third quarter of 2008, according to new figures compiled by the Mortgage Bankers Association.
May 16 -
Jamie Dimon may no longer be President Obama's favorite banker, but the president is still apparently a fan of Dimon's bank.
May 16





