Consumer banking
Consumer banking
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Park National Corp. in Newark, Ohio, has tapped an insider to succeed John Kozak when he retires as chief financial officer next year.
March 5 -
After suffering losses on real estate loans for three straight years, Patriot National Bancorp in Stamford, Conn., has now turned a profit in two consecutive quarters.
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At least 17 states are considering bills to create some form of state-owned bank. Backers say such a bank would partner with community banks and strengthening lending. Opponents believe forming the bank would be costly and redundant with what banks already offer.
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The Consumer Financial Protection Bureau added yet another product line to its consumer complaint system Monday, signaling its priority on using new tools to collect consumer feedback.
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Eagle Bancorp of Bethesda, Md., has opened its fourth office in northern Virginia and is planning to establish a fifth later this year.
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American Express, which is trying to expand beyond the affluent customers it normally lends to, is testing the sale of prepaid cards in some Wal-Mart stores.
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Hundreds of municipalities are passing ordinances that could cost banks and others billions of dollars to register and maintain troubled homes that may never reach foreclosure.
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Bank of America issued just $7.9 billion of GNMA-backed MBS in the fourth quarter, a 71% plunge from the same period in 2010, according to new figures compiled by National Mortgage News and the Quarterly Data Report.
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Deposit-rich U.S. banks will seek out more opportunities to lend to small businesses this year as they look to grow revenue, a new survey from a consulting firm predicts.
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Every now and then some doomsday cultist predicts the end of the world, but it doesn't occur. No big news.
March 5 -
Visa had a few concerns about how consumers would react to three Arizona credit unions issuing prepaid gift cards carrying its brand through their ATMs.
March 5 -
A two-year-old consent order between the banking unit of Macatawa Bank Corp. and regulators has been terminated after the Holland, Mich., company raised additional capital and reversed a string of money-losing quarters.
March 5 -
Square, an early and successful contender in mobile payment acceptance, has launched a new system that it says can replace a traditional cash register.
March 5 -
United Western Bancorp Inc. in Denver has filed for chapter 11 bankruptcy in a move that would allow the company more time to pursue its lawsuit against federal regulators for seizing its thrift in January 2011.
March 5 -
Pioneer Bank in Roswell, N.M., is expanding its reach in the Lone Star state with a deal to buy two branches in El Paso, Texas, from Washington Federal Inc. in Seattle.
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Perhaps readying itself for further expansion, Iberiabank Corp. in Lafayette, La., has filed a shelf registration with the Securities and Exchange Commission that would allow it to quickly raise capital for use in pursuing deals.
March 5 -
A lot of bankers are chipper about their choppers, says Leo Hinkley, who along with other motorcycle enthusiasts at BankAtlantic participated in a special fundraiser in Fort Lauderdale this weekend.
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The carrier mobile payment venture Isis said Monday that it is working with several major payment system providers to allow merchants to accept its system at the point of sale.
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Hancock Bank of Gulfport, Miss., was losing the fight against fraud in certain channels. Their odds improved after working with the vendor of their fraud system, ACI.
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