Consumer banking
Consumer banking
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Bankers in this climate recognize that in order to get capital, they often have to give a little something first. Still, offering a 9% annual interest rate for a decade is a cost only a handful of bankers are willing to bear.
July 9 -
Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.
July 9 - Maryland
Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.
July 9 -
In the second half of June, consumers sued an estimated 471 different collection agencies and creditors under various statutes - including 416 lawsuits citing at least one violation of the Fair Debt Collection Practices Act (FDCPA), according to U.S. District Court complaint dockets.
July 9 -
Second Federal Savings and Loan in Chicago views itself as the ShoreBank for its surrounding Hispanic community and hopes prospective investors will see it that way, too.
July 8 -
WASHINGTON – HEW FCU has hired a well-known local magician to perform at its new branch opening in the District Heights’ Silver Hill neighborhood, as part of the grand opening’s “Feel the Magic” theme.
July 8 -
NBH Holdings took the first step this week in its quest to build a $12 billion-asset community banking network by agreeing to acquire Bank Midwest in Kansas City, Mo.
July 8 -
North Carolina banking titan and civic leader John Arthur Forlines Jr. died Tuesday. He was 92.
July 8 -
Sun Bancorp Inc. of Vineland, N.J. said Thursday that it will raise $100 million via private-equity funds affiliated with WL Ross & Co. LLC and shareholders of the bank's founding Brown family.
July 8 -
Eric Koppelman, a former mortgage title closer, was sentenced to four years in prison for playing a role in a scheme to steal more than $6 million of proceeds from home mortgage loans, according to the U.S. Attorney's office in New York.
July 8 -
Sun Bancorp Inc. said billionaire investor Wilbur Ross' private equity firm, Sun's founding Brown Family and others have agreed to invest $100 million in equity as the bank grows its New Jersey base.
July 8 -
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NBH Holdings Inc., a Boston-based bank holding company, announced a deal late Wednesday to acquire the commercial and retail banking operations of Bank Midwest National Association in Kansas City, Mo.
July 7 -
YPSILANTI, Mich. – Washtenaw FCU, formerly Ypsilanti FCU, has signed with the city to place an ATM in the renovated Ypsilanti Freighthouse.
July 7 -
OGDEN, Utah – Fast-growing Goldenwest CU unveiled a new branch, its 18th, in the town of Kaysville, yesterday.
July 7 -
Fifth Third said it has acquired the assets of credit union processor TNB Card Services from credit union-owned Town North Bank of Dallas.
July 7 -
SoCal Bancorp. said it no longer owns a majority stake in Professional Business Bank after a $12.6 million capital infusion from a private-equity group.
July 6 -
The $2.6 billion-asset company announced last week that the Office of Thrift Supervision has upped the ante by issuing both the company and its thrift unit cease-and-desist orders on June 25.
July 6



