Consumer banking
Consumer banking
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Several companies in the collectio and debt-buying industries made large contributions to charities in 2009 and, specifically, during the holidays. The following is the start of a roll call listing those companies and their efforts. This list, with the detailed information following, will grow as more information is sent to Collections & Credit Risk. Contact Darren Waggoner at darren.waggoner@sourcemedia.com.
January 13 - Texas
WASHINGTON — The Federal Deposit Insurance Corp. late Wednesday announced it will sell Independent Bankers' Bank Bridge Bank to The Independent BankersBank of Irving, Texas.
January 13 -
IRWINDALE, Calif. – SCE FCU plans to cut a ribbon at its new headquarters branch on Monday.
January 13 -
First Catholic Federal Credit Union of Taylor, Mich., has sued to terminate CUSO Mortgage Inc.'s loan servicing contract.
January 13 -
A bank holding company based in Chicago has agreed not to declare or pay dividends without Federal Reserve approval.
January 13 -
SUITLAND, Md. – Andrews FCU’s newly renovated headquarters branch here features an expanded member service area, Internet cafe, flat-screen LCD television, coin counter and even a "Kid’s Zone" with toys and other activities.
January 12 -
The $499 million-asset company in Elmira, N.Y., reported Tuesday that it earned $4.5 million in 2009, up 50% from a year earlier. The company said the record earnings outpaced its projections for an expansion in the Finger Lakes market in 2007.
January 12 -
North Asia Investment Corp., a $50 million special-purpose acquisition company led by a group of South Korean investors, announced Tuesday that it has agreed to acquire Pacific City Financial Corp., a Los Angeles company that caters to Korean-Americans.
January 12 -
In his Jan. 8 Viewpoint, "A Better Charter Alternative for Credit Unions", Alan D. Theriault recommends rules that more aggressively promote the conversion of credit unions to banks, citing capital pressures as the reason. But his call for credit unions to give up their charter flies in the face of today's economic realities and public sentiment.
January 12 -
The Federal Trade Commission's study of nine of the largest consumer debt buyers has industry participants concerned the investigation will be one-sided and lead to an unfair industry clampdown. Ultimately, some insiders believe the fallout will cause delinquent debt prices to drop.
January 12 -
Determining that Barnes Banking Co. of Kaysville, Utah, is "critically undercapitalized," the Federal Reserve Board said Monday that the company should issue new shares or sell itself to another depository institution by Friday.
January 11 -
Capitol Bancorp Ltd. in Lansing, Mich., announced Monday that it has a deal to sell its 51% stake in Adams Dairy Bank in Blue Springs, Mo., to the bank's board of directors.
January 11 -
The $3.5 billion-asset company in Charleston, S.C., said in a press release late Friday that it expects to record a loan-loss provision of $25 million to $26 million for its quarter that ended Dec. 31.
January 11 -
A new round of watchdog reports says the Federal Deposit Insurance Corp. could have been tougher in regulating three community banks that later closed.
January 11 -
Bankers formerly with large institutions are finding opportunities at smaller banks, particularly after their former employers failed or were merged into other companies.
January 11 -
VANCOUVER, Wash. – Twinstar CU has purchased an abandoned branch once occupied by First Independent Bank in the Van Mall here.
January 11 -
KNOXVILLE, Tenn. – Knoxville TVA Employees CU has acquired a former elementary school and plans to renovate into a new headquarters for the $800 million credit union.
January 11 -
As large banks continue to be derided in the court of public opinion, community bankers have emerged as a more potent political force. They won a crucial exemption from a House regulatory reform bill and are expected to have a significant impact on the Senate debate.
January 11 -
U.S. revolving credit, 98% of which is credit card debt, fell to $874 billion in November from a revised total of $887.7 billion in October, the largest dollar-value drop since records began in 1968, according to a Federal Reserve G.19 report on consumer credit released Friday.
January 11


