Consumer banking
Consumer banking
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As one of the 14 mortgage servicers directed by regulators to tighten foreclosure practices, EverBank may be forced to delay its IPO — which in turn casts doubts on its growth strategy.
April 28 -
Amalgamated Bank in New York has named Edward Grebow, a former private-equity firm executive, as its president and chief executive.
April 28 -
Abington Bancorp Inc. in Jenkintown, Pa., has settled a shareholder lawsuit alleging that officers and directors had breached their fiduciary duty when they agreed to sell the company to Susquehanna Bancshares Inc. for $273 million in stock.
April 28 -
United Community Bancshares in Blairsville, Ga., has not reported a profitable quarter since mid-2008, but its CEO said Thursday he expects that to change starting this quarter.
April 28 -
Iberiabank Corp. in Lafayette, La., reported Tuesday that first-quarter earnings rose 12.6% from a year earlier, to $14.6 million, despite $1 million in acquisition costs.
April 27 -
Cullen/Frost Bankers Inc. in San Antonio said Wednesday that first-quarter earnings rose 8.6% from a year earlier, to $52 million.
April 27 -
Sterling Bancorp said the Treasury Department has approved its exit from the Troubled Asset Relief Program. On Wednesday Sterling redeemed all $42 million of preferred stock tied to Tarp.
April 27 -
First Financial Bankshares Inc. in Abilene, Texas, is planning a three-for-two split of its common stock. The $3.83 billion-asset company said the split will take the form of a 50% stock dividend, which it will distribute on June 1 to shareholders of record on May 15.
April 27 -
Put two ailing banks together and conventional wisdom dictates you might have twice the problems. You might also have a very attractive target for private equity.
April 27 -
NASHVILLE, Tenn. – US Community Credit Union is opening a branch at McGavock High School this fall that will be operated by students in the school’s hospitality and finance academy and cater to other McGavock students and faculty.
April 27 -
HOUSTON – Cardtronics, the nation’s leading ATM operator, said yesterday it signed with Wegmans Food Market to place ATMs in 77 supermarkets in New York, Pennsylvania, New Jersey, Virginia and Maryland.
April 27 -
Sterling Bancorp in New York reported Tuesday that first-quarter earnings rose 71% from a year earlier, to $3.3 million. The $2.39 billion-asset company's loan-loss provision was halved from the first quarter of 2010, to $3 million.
April 26 -
BancorpSouth Inc. in Tupelo, Miss., reported a first-quarter loss because of higher credit costs and a decline in mortgage-related revenue.
April 26 -
Vensure Federal Credit Union in Mesa, Ariz., taken under conservatorship by the National Credit Union Administration two weeks ago, claimed that the NCUA knew all along that it was processing online bets for the two biggest poker websites.
April 26 -
"Capital at the bank has been extremely consistent quarter after quarter," Levan notes. But now with the parent company's equity position negative, time is running out on BankAtlantic.
April 26 -
TEXAS CITY, Texas – AMOCO celebrated the opening of its newest full service ATM located at Alvin Community College in the Student Center.
April 26 -
MIAMI – American Airlines FCU on Thursday will celebrate the opening of its newest branch at the Miami International Airport Maintenance facility, the credit union’s second branch at the airport.
April 26 -
UMB Financial Corp. in Kansas City, Mo. reported earnings of $30.9 million in the first quarter, up 17.9% from a year ago, as noninterest income soared following the acquisition of two advisory firms last year.
April 26 -
Fueled by strong loan growth and record deposit growth, Signature Bank in New York is coming off its most-profitable quarter in its 10-year history.
April 26 -
Where is the threat to the survival of independent community banks — other than increased opportunity to sell out at higher prices, which will continue to make many disappear?
April 26



