Consumer banking
Consumer banking
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Charter Financial expects to raise up to $34.2 million of fresh capital through a public offering — barely half what it had hoped to raise initially.
September 24 -
ALEXANDRIA, Va. — NCUA said it took under conservatorship three more troubled corporate credit unions this afternoon as part of is effort to shed the corporate system of toxic assets.
September 24 -
The NCUA Board's new corporate credit union rules will bar corporates from investing in a variety of risky investments.
September 24 -
Dave Widlak, the president and chief executive of Community Central Bank Corp. in Mount Clemens, Mich., has been missing for days.
September 23 -
A Los Angeles Superior Court judge has thrown out a lawsuit filed on behalf of shareholders by the former chairman of Nara Bancorp, a Los Angeles company serving the Korean-American community.
September 23 -
With problem real estate loans drying up earnings and diminishing capital at Cadence Financial, Trustmark is stepping in to rescue its longtime Mississippi rival.
September 23 -
The Brookfield, Wis., banking technology vendor said Thursday that the $3.6 billion-asset Patelco is planning to implement its Acumen software to help its expansion efforts.
September 23 -
Umpqua Bank said Wednesday that it is opening a commercial banking center in northern Nevada that will be led by a former US Bank commercial banking veteran in that market.
September 22 -
The $355.7 million-asset company announced Tuesday that it had completed its second-step conversion by selling 1.7 million shares of common stock at $10 a share.
September 22 -
Two days before approving a $175 million investment for TIB Financial Corp. in Naples, Fla., the Federal Reserve entered into a written agreement with the struggling company.
September 22 -
Center Bancorp Inc. in Union, N.J., Wednesday set the price of its two stock offerings, through which it expects to raise about $12 million in capital.
September 22 -
Recent lawsuits could stop community banks in at least two states from deliberately processing the largest transactions first — a method that triggers additional overdrafts and thus higher fees — after a California judge ruled against Wells Fargo & Co. last month.
September 22 -
Companies are in business to stay in business, and it's a huge conflict of interest to ask them to come up with their own resolution plans.
September 22 -
Editor's Note: Collection agency owner Michelle Janik sent the following letter for publication after reading an earlier statement from a consumer attorney that CollectionsCreditRisk.com published, see story. To comment, contact Darren Waggoner, Editor, CollectionsCreditRisk.com at 815.463.9008 or darren.waggoner@sourcemedia.com.
September 22 -
A branch manager at CVB Financial Corp. in Ontario, Calif., has been arrested and charged with embezzling thousands of dollars from customer accounts at its bank unit.
September 21 -
Jacksonville Bancorp Inc. in Florida is raising more capital for its deal to acquire hometown rival Atlantic BancGroup Inc.
September 21 -
Few would argue that it's tough to own a community bank these days. It can be even more difficult to co-own a struggling bank — fifty-fifty — with another family.
September 21 -
KINGSTON, N.Y. – Mid-Hudson Valley FCU, which has been piloting 24/7 branches, said it is opening three more of the full-service facilities in the coming months.
September 21 -
Forward curves suggest continued narrowing between long term and short term rates, along with a continued squeeze on bank margins.
September 21 -
MECHANICSBURG, Penn. – Members 1st FCU, Pennsylvania’s third-largest credit union, is opening two branches in nearby Lancaster this fall and hopes to open a third next year.
September 20


