Consumer banking
Consumer banking
- Georgia
Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO.
June 24 -
Green Bancorp in Houston has filed to raise $100 million by going public. The company said in its filing that it plans to use $8 million of the IPO's net proceeds to partially pay for its pending $46 million acquisition of SP Bancorp in Plano, Texas.
June 24 -
State Bank Financial (STBZ) in Atlanta has agreed to buy Georgia-Carolina Bancshares (GECR) in Augusta, Ga. The $2.6 billion-asset State Bank will pay about $82 million, or $22.35 a share, in cash and stock.
June 24 -
Umpqua Holdings (UMPQ) in Portland, Ore., will close 27 branches by the end of this year as part of its integration of Sterling Financial in Spokane, Wash.
June 23 -
Bank of America Corp. (BAC) will offer clients with at least $20,000 in deposits and/or investments at the bank certain perks previously available only to wealthier customers.
June 23 -
The prepaid phone carrier, which is teaming with a mobile banking startup called Wipit, believes that its large retail footprint in low-income neighborhoods offers an opportunity to challenge check cashers and prepaid card issuers.
June 23 -
First it was Brazil and Greece. Now add Spain to the list of countries where Citigroup (NYSE: C) is unloading consumer banking operations.
June 23 -
First Community Bank in Lexington, S.C., has agreed to acquire First South Bank's deposits in Columbia and some loans for approximately $800,000.
June 23 -
Great Southern in Missouri completed its fifth failed-bank deal on Friday. The company stated that the deal's strategic benefits outweigh the fact that it received a smaller upfront gain from its latest purchase.
June 23 -
Community banks in the Old Line State have benefitted from a strong economy, but higher regulatory costs, rate pressure and competition could force many to consider selling in coming months.
June 23 -
Open Bank (OPBK) in Los Angeles has raised $30 million in a private offering of common stock.
June 23 -
A federal judge has frozen the assets of an operation that swindled Spanish-speaking consumers across the U.S. by routinely sending unordered or defective products and then making it difficult, impossible or costly for consumers to obtain relief.
June 23 -
A former employee of the Florida Department of Economic Opportunity won a whistleblower lawsuit against the state. The case involved wrongly reporting residents to collection agencies.
June 23 -
House Majority Leader Eric Cantor's loss to an unknown Tea Party challenger sheds new light on the deep divisions in the Republican Party, which is ultimately likely to have a large impact on the debate over financial policy.
June 23 -
The Federal Housing Administration clamped down further on reverse mortgages, saying it will no longer insure a variant of the product featuring a fixed rate and a line of credit.
June 23 -
U.S. Bancorp (USB) in Minneapolis has completed its purchase of Citizens Financial Group's Charter One franchise in Chicago.
June 23 -
Banks can boost productivity with a number of counter-intuitive practices. For starters, they can let customers wait in line for a little while.
June 23 -
First National Bank of the Gulf Coast in Naples, Fla., will change its name when it becomes a state-chartered bank.
June 23 -
Green Dot (GDOT) has hired former American Express (AXP) executive Thien Truong as senior vice president of business development and sales.
June 23 -
American Express has hired Laureen Seeger as its new general counsel.
June 23




