Consumer banking
Consumer banking
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SVB Financial Group in Santa Clara, Calif., says it plans to raise $300 million in a sale of common stock and use most of the proceeds to repay all of its government-issued capital.
November 17 -
In what would be the biggest purchase of bank branches by a credit union, Royal Credit Union said it had agreed to buy 11 offices from the troubled Anchor BanCorp.
November 17 -
A growing number of smaller banks are looking to finance transactions in a market long dominated by giants like Bank of America and Wells Fargo.
November 17 -
Royal Credit Union announced this morning it has agreed to acquire 11 branches in northwestern Wisconsin from troubled AnchorBank.
November 17 -
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The $186 million-asset Wooster company, which warned this spring that it might fail, announced Monday that it has agreed to sell a majority stake to Excel Financial LLC of St. Clairsville, Ohio, for $15 million.
November 16 -
If you don't like the rules, change them. That's what one blank-check company did when a looming deadline threatened its plans to buy a Nevada bank.
November 16 -
Pentagon Federal Credit Union has agreed to become the first credit union to issue American Express cards to its members.
November 16 -
VERNON HILLS, Ill. — Branch-related expenses are under scrutiny at Baxter Credit Union, but in the process it keeps its eye on something else: member service and satisfaction.
November 16 -
SUITLAND, Md. – Andrews FCU said it has opened a new branch located in nearby Mt. Laurel, N.J.
November 15 -
ALAMAGORDO, N.M. – Otero FCU is planning to build new offices, a two-story building that will provide the $210 million credit union with 22,000 square-feet of space.
November 15 - Florida
Two failures in Florida, including the collapse of Naples-based Orion Bank, and another in California late Friday brought the year's total to 123.
November 14 -
In a move that should help stressed banks avoid public relations fiascoes, the Federal Deposit Insurance Corp. has toned down the harsh wording of orders it issues to such institutions.
November 13 -
Sun National Bank's wealth management business is off to a slow start thanks to the recession, but executives at the Vineland, N.J., bank say they remain committed to the business.
November 13 -
MECHANICSBURG, Pa. – Fast-growing Members 1st FCU said it plans to build two more branches, making a total of 40 outlets for the $1.7 billion credit union.
November 12 -
Harrington West Financial Group Inc. is courting potential investors as the next step in recapitalizing itself, Craig J. Cerny, its chairman and chief executive officer, said in an interview Thursday.
November 12 -
John Kanas is remaking BankUnited in the image of the last company he ran, starting with a bold campaign to recruit bankers from rivals across Florida.
November 12 -
Properly structured financial education programs can and do help people make wise decisions about their personal finances. These six components are key.
November 12 -
Another round of writedowns on pooled trust-preferred securities has left Rainier Pacific Financial Group Inc. and its bank unit significantly undercapitalized.
November 11 -
FirstMerit Corp. in Akron said Wednesday that it has agreed to buy about $1.2 billion of deposits and 24 Chicago-area branches from First Bank of St. Louis.
November 11



