Consumer banking
Consumer banking
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Most bankers agree that online lending applications can attract customers and drive up volume, but few actually offer such services.
June 29 -
Community bankers have been thirsting for more merger and acquisition activity, and Eastern's announcement Tuesday that it has agreed to pay $163 million for Wainwright is the second-biggest proposed bank acquisition of the year.
June 29 -
Portfolio Recovery Associates Inc., a Norfolk, Va. publicly traded debt buyer, today announced that a Missouri court dismissed a case filed in August 2009 by the Missouri Attorney General's office against the company and its subsidiary, Portfolio Recovery Associates LLC.
June 29 -
Wainwright Bank & Trust Co. has agreed to be acquired for about $163 million — twice the company's previous value — by privately held Eastern Bank Corp., merging a pair of eastern Massachusetts lenders.
June 29 -
The Federal Reserve Board on Monday issued enforcement actions against two community banks in New York. According to separate agreements, the $2.4 billion-asset Smithtown Bancorp Inc. and the $393 million-asset BNB Financial Services Corp. will no longer be able to declare or pay dividends without prior approval from the Federal Reserve Bank of New York.
June 28 -
All is not well in "credit union land," as insiders half-jokingly call the industry, and the challenges have prevented credit unions from taking advantage of bank stumbles.
June 28 -
Sheyenne Bancorp Inc. is applying for bank holding company status from the Federal Reserve to buy out a bank in North Dakota. Sheyenne would become a subsidiary of First Holding Company of Park River Inc., which filed the application with the Federal Reserve June 22.
June 28 -
Despite analysts' skepticism, it appears Banner Corp. of Walla Walla, Wash., is advancing in its attempts to raise capital. The $4.6 billion-asset company announced late last week that it would sell 75 million shares of common stock at $2 a share.
June 28 -
After its long-running merger talks collapsed in March, Republic First Bancorp Inc. in Philadelphia today finds itself in a more fortunate position than many banks — it has a Plan B.
June 28 -
For most lenders, making changes to credit policy is not an easy or expedited process. It often takes financial institutions at least nine months to develop, test and deploy a credit risk policy concept and more likely this process is somewhere closer to 12 to 18 months.
June 28 -
A federal court has halted an international scheme that used identity theft to place more than $10 million in charges on consumers’ credit and debit cards.
June 28 -
Fox Chase Bancorp Inc. is one step closer to completing its conversion from a mutual to a stock company. After the conversion is completed, which is expected on June 29, the banking subsidiary will have a new parent with 14.55 million shares of outstanding common stock.
June 27 -
EUGENE, Ore. – Northwest Community CU said it plans to renovate the former Sapphires Mongolian Grill alongside U.S. Highway 101 as a new branch.
June 27 -
Three more banks failed late Friday, at an estimated additional cost to the Federal Deposit Insurance Corp. of $285 million.
June 25 -
Three more banks failed late Friday, at an estimated additional cost to the Federal Deposit Insurance Corp. of $285 million.
June 25 -
Anchor BanCorp Wisconsin Inc. in Madison has been warned by the Nasdaq that it no longer complies with listing requirements.
June 25 -
Seven months after announcing its third attempt to buy a bank, the blank-check company Western Liberty Bancorp has changed the terms of its most recent deal.
June 25 -
Seven months after announcing its third attempt to buy a bank, the blank-check company Western Liberty Bancorp has changed the terms of its most recent deal.
June 25 -
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Federal regulators have ordered Cowlitz Bancorp of Longview, Wash., to raise capital or accept a sales offer by July 15, the company said Tuesday in a filing with the Securities and Exchange Commission.
June 24




