Consumer banking
Consumer banking
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Continuing its aggressive expansion throughout the Southeast, Renasant Bank in Tupelo, Miss., is opening its first office in east Tennessee.
May 3 -
George Ramirez, the new chief diversity officer at San Francisco's Union Bank, didn't get the memo that people are purely expense items for banks.
May 3 -
Northeast Bancorp (NBN) of Lewiston, Maine, is looking to raise additional capital so it could continue to expand its loan portfolio.
May 3 -
The much-derided Durbin Amendment capping debit interchange fees lifted the number two card payment network in the first quarter. At Visa, Durbin was a drag that the industry leader successfully overcame.
May 3 -
EverBank Financial in Jacksonville, Fla., reduced the size of its public offering again on Thursday, just hours before its shares began trading.
May 3 -
Freddie Mac posted a profit of $577 million in the first quarter, $676 million a year earlier, and will request another helping of government aid to help sustain its operations.
May 3 -
Customers Bancorp, led by Jay Sidhu, is set to go public. The one-time Sovereign Bank chief and others say he has learned from the past about how to balance internal growth and acquisitions.
May 3 -
In this revenue compressed environment, I hear a lot about initiatives to change bank culture from service to sales to drive badly needed cross-sell revenues.
May 3 -
Visa Inc. (V), the world's largest payments network, posted a 46% increase in fiscal second-quarter profit as it benefited from higher transaction volume and the remeasurement of net-deferred tax liabilities.
May 2 -
Housing and Urban Development Secretary Shaun Donovan will testify before Congress next Tuesday regarding efforts to allow more Americans to refinance their mortgages.
May 2 -
The Private Bank of California in Los Angeles is opening a new office in affluent — and crowded — Orange County and has hired three local bankers to manage the office and drum up business there.
May 2 -
MasterCard's first-quarter profit rose 21% from a year earlier, as the payments network picked up debit card business in the wake of new regulations.
May 2 -
Bankers usually fear Wal-Mart, Target and other big-box players. But nine banks and mortgage lenders have teamed up with Costco to offer an online mortgage service to its members, and more services may follow.
May 2 -
Atlantic Coast Financial (ACFC) of Jacksonville, Fla., reported a narrower loss in the first quarter than in previous quarters as it reduced its overhead and reiterated that it is still considering selling itself.
May 2 -
The gods of irony must be alive and well at American Banker. It's hard to think of a better explanation for the April 30 tirade against "deadbeats" from Andrew Kahr — whose approach to the credit business was described this way in a front-page San Francisco Chronicle news story in 2002:
May 2 -
In a move that could make its shares more attractive to potential investors, Popular Inc. (BPOP) in San Juan, Puerto Rico, is planning a reverse stock split in which shareholders would receive a single new share for each 10 shares owned.
May 2 -
One of the obstacles to an acquisition is that the offers never make it to the board. They tend to come first through the target's CEO, who stands to lose a job (and compensation) in any sale.
May 2 -
Bryn Mawr Trust Company in Pennsylvania is expanding its banking operations into Delaware to go along with its wealth management business there.
May 2 -
EverBank Financial in Jacksonville, Fla., has reduced the size of its planned initial public offering, saying in an SEC filing it will offer 19.2 million shares to the public at $11 to $12 each, not the 12 to $14 each initially planned.
May 2 -
Huntington Bancshares (HBAN) is pairing with a Michigan retailer to substantially expand its presence in the state over the next decade.
May 2




