Consumer banking
Consumer banking
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Another institution helped push New York Community Bancorp to add cash to its bid, a filing disclosed. While Astoria's board was concerned about NYCB's plans for an aggressive balance sheet restructuring and capital raise, management believed the other suitor's offer had more execution risk.
December 22 -
California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.
December 22 -
The Connecticut Department of Banking claims a Native American tribe in Oklahoma is running two illegal high-interest loan operations but the tribe has won a delay in its battle against the imposition of $800,000 in penalties.
December 22 -
Tri-Valley Bank in San Ramon, Calif., said that its largest individual shareholder is making a bid to double his stake.
December 21 -
Finally released from a long-standing regulatory order, FNBH in Michigan is looking forward to ramping its lending, expanding its capabilities in wealth management and moving forward on plans to revamp its core processing system.
December 21 -
California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.
December 21 -
Rockhold, Brown & Co. Bank in Bainbridge, Ohio, has tapped its chief financial officer to succeed Bill Hubbard as chief executive.
December 21 -
Some mortgage investors are refusing to buy home loans that are at risk of violations of new consumer-disclosure rules. The problem appears to be worst among nonagency jumbo loans purchased by private investors.
December 21 -
First Farmers and Merchants in Columbia, Tenn., promoted Brian Williams to president of both the holding company and First Farmers and Merchants Bank. The $1.2 billion-asset company also named Timothy Pettus vice chairman of the holding company and bank.
December 21 -
Bank innovation has tended to focus on retail customers, but expect more technology for commercial customers in the coming year as those clients deman products that are easy to use and help them run more efficient enterprises.
December 21 -
A well-known advocate in the consumer debt relief industry is under investigation by federal authorities in Washington, D.C. and Montana for business ties to payday lenders.
December 21 -
Lawmakers are requiring the Department of Education to drop a formula that gives preference to four major federal student loan servicers and instead divvy up the accounts based on performance measures.
December 21 -
Separate actions involved a company and an individual that resold sensitive personal data to debt collectors and lenders, allegedly exposing millions of consumers to harassment and deceit.
December 21 -
Banks face immense challenges trying to keep up with technology, but they also must cater to older customers with big deposit accounts who still use their branch.
December 21 -
For steering the Winston-Salem, N.C., company through an extended period of industry adversity, while providing a blueprint for large-scale M&A, King has been named American Banker's Banker of the Year for 2015.
December 20 -
First United Corp. in Oakland, Md., has named Carissa Rodeheaver chairman and chief executive.
December 18 -
Bay Bancorp in Columbia, Md., has agreed to buy Hopkins Bancorp in Pikesville, Md., for $23.8 million in cash.
December 18 -
Boston Private Financial Holdings has appointed its chief executive, Clayton Deutsch, as CEO of its bank subsidiary, Boston Private Bank & Trust.
December 18 -
Three banks have redeemed shares of preferred stock to make their exits from the Small Business Lending Fund.
December 18 -
Hancock Holding's decision to significantly raise its allowance for energy loan losses reveals that oil-related issues could last longer and cut deeper than what bankers had originally forecast.
December 18



