Consumer banking
Consumer banking
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State supervision of nonbank mortgage lenders — an industry group that was a key part of the "shadow" financial system widely blamed for the crisis — is becoming as tough as federal oversight of depositories. And in some ways, tougher.
May 17 -
Months after it was considered dead on arrival, a push to create a $30 billion small-business lending fund for community banks has found new life.
May 17 -
The secondary public offering of 2.5 million warrants for common stock of Valley National is part of Treasury's effort to recoup part of the $700 billion financial-sector bailout.
May 17 -
For the second time in a month, Toronto-Dominion Bank, Canada's second-largest bank by assets, scooped up a troubled U.S. bank, enabling it to expand its footprint in the U.S. southeast.
May 17 -
At the recent National Collections & Credit Risk Conference, financial experts shared their perspectives on managing collections in a presentation titled, “Decrease Defaults with Untapped Customer Information.” This article is a continuation of that discussion.
May 17 -
FARMINGVILLE, N.Y. – Fast-growing Teachers FCU has acquired a 20,400 square-foot office building in nearby Hauppauge, where it plans to build a new headquarters.
May 16 - Michigan
Despite aggressive efforts to stay alive, Midwest Bank and Trust was closed late Friday by Illinois regulators. The failure of the Chicago-area bank came on a night when the FDIC ...
May 14 -
NASHVILLE — For community bankers trying to figure out how they will make money going forward, the next six months are pivotal. That is the time to acknowledge and fix asset-quality problems and line up capital to finance expansion when the economy recovers.
May 14 -
Bryn Mawr Bank Corp. in Pennsylvania has announced plans to raise about $25 million in capital as it considers acquisitions.
May 14 -
Despite aggressive efforts to stay alive, Midwest Bank and Trust Co. was closed late Friday by Illinois regulators. The failure of the $3.2 billion-asset, Chicago-area bank came on a night when the Federal Deposit Insurance Corp. also found buyers for three other institutions, bringing the year's failure total to 72.
May 14 -
Less than two months before new rules on overdraft protection take effect, early indications suggest banks won't suffer as big a blow to fee revenue as feared.
May 14 -
Less than two months before new rules on overdraft protection take effect, early indications suggest banks won't suffer as big a blow to fee revenue as feared.
May 14 -
The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.
May 14 -
The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.
May 14 -
Bank of Granite Corp. of Granite Falls, N.C., said last week that its bank unit is undercapitalized.
May 14 -
Cherokee Banking Co. of Canton, Ga., has reached an agreement with the Federal Reserve stipulating that it cannot declare dividends without prior approval from the central bank.
May 14 -
Harris Financial Corp. of Chicago, which acquired the failed Amcore Bank of Rockford, Ill., last month, said it is opening a private banking office in Rockford to be headed by an Amcore executive.
May 14 -
Midwest Banc Holdings Inc. painted a bleak picture of its future in its quarterly report filed Thursday. The $3.4 billion-asset company in Melrose Park, Ill., said in the filing with the Securities and Exchange Commission that it does not expect to satisfy capital requirements spelled out in a prompt corrective action directive issued by regulators to its Midwest Bank & Trust Co. unit on March 31.
May 13 -
Continental Bank Holdings Inc. of Plymouth Meeting, Pa., announced Thursday that it has agreed to buy First Resource Bank of nearby Exton, Pa., for about $8 million.
May 13 -
AUSTIN, Texas – Amplify FCU has acquired a 58,000-square-foot office building in the northwest part of town, where it plans to relocate its operational headquarters.
May 13



