Consumer banking
Consumer banking
-
KeyCorp, Ohio's second-largest bank, has agreed to buy First Niagara Financial Group Inc. in a $4.1 billion cash-and-stock deal that extends the company's reach in upstate New York.
October 30 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
October 30 -
Sandy Spring Bancorp in Olney, Md., has appointed executives from the technology and legal industries to newly created seats on its board.
October 29 -
Great Western Bancorp in Sioux Falls, S.D., reported higher quarterly profit on loan growth and improved efficiency.
October 29 -
October saw the three main card networks invest in bitcoin-related companies, which comes on the heels of major banks exploring the use of bitcoin and blockchain technology to solve some industry pain points.
October 29 -
The auto lender has changed the way it calculates its closely-watched provision for credit losses, a move that added to third-quarter profits and raised questions about the transparency of its loan book.
October 29 -
Webster Financial in Waterbury, Conn., has promoted its head of commercial banking to president of Webster Bank and its holding company.
October 29 -
United Bankshares in Charleston, W.Va., recorded profit growth in the third quarter on higher average earning assets.
October 29 -
Californias Richmond Community Foundation will pursue a new social impact bond vehicle with a $3 million revenue bond private placement it hopes to close next month with the local Mechanics Bank.
October 29 -
Bank of America in Charlotte, N.C., is selling 23 branches in West Coast states. The bank also plans to sell a total of $1.2 billion in deposits and $821,000 in loans to TriCo Bancshares in Chico, Calif.; Bank of Commerce Holdings in Redding, Calif.; and Cascade Bancorp in Bend, Ore.
October 29 -
Ally Financial in Detroit drew more deposits into its online bank last quarter, which helped improve its lending margin even as profits declined.
October 29 -
The RushCard debacle should lead to consumer improvements, but it should not undercut the progress prepaid has made in helping consumers manage their finances.
October 29 -
Spencer Savings Bank and Southbridge Savings Bank in Massachusetts have agreed to merge in a combination of mutual thrifts in the Worcester, Mass., area.
October 29 -
MB Financial in Chicago has agreed to buy an asset management firm.
October 29 -
Opus Bank in Irvine, Calif., has promoted Jennifer Simmons to chief operating officer and appointed her to the executive committee.
October 29 - Oklahoma
BOK Financial in Tulsa, Oklahoma, reported a small drop in third-quarter profit, as a decline in the value of mortgage servicing rights offset loan and fee income growth.
October 29 -
Santander Consumer USA Holdings plans to exit personal lending and focus primarily on its auto-finance business.
October 29 -
Security National Automotive Acceptance Co. will pay $3.28 million in refunds and fines to settle CFPB charges that it used illegal debt collection tactics against military service members.
October 29 -
Women who own small businesses are happier with their banking experiences than their male counterparts are, according to a study by J.D. Power released Thursday.
October 29 -
The zero or low default rates reported by banks may on the face be a good sign but could suggest mounting future credit risk, based on a review of data published by the FDIC.
October 29




