Consumer banking
Consumer banking
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New indications that an overdraft fee crackdown is looming has added fresh urgency to bankers' quest to expand revenues. American Banker editors discuss some of the latest twists in the industry's search for ways to generate new business and cut costs.
June 13 -
PNC Financial Services, the second-largest U.S. regional bank, faces the same decision on its 21 percent stake in BlackRock that confronts many individual investors: sell or hold?
June 13 -
Citizens Bank of Kansas in Kingman has traded in its national charter for a state charter.
June 13 -
Urban Partnership Bank announced Thursday it would open a branch in a Wal-Mart slated for Chicago's Pullman neighborhood.
June 13 -
Heartland Financial USA in Dubuque, Iowa, has agreed to buy Morrill Bancshares in Merriam, Kan.
June 13 -
Home repossessions in the U.S. jumped 11% in May after declining for the previous five months as rising prices and limited inventory for sale across the country spurred banks to complete foreclosures.
June 13 -
GAINESVILLE, Fla. Florida CU has purchased an empty Regions Bank branch in front of a Walmart store and is renovating it for its ninth branch.
June 12 -
BURBANK, Calif. Partners FCU, a Disney employees credit union, said it opened a new branch for the approximately 10,000 cast members who work at Disneyland and Disney California Adventure Resorts.
June 12 -
After spending recent years repairing its balance sheet, Hanmi Financial (HAFC) is again looking to grow. To do so, it's eyeing markets that Korean-American lenders have traditionally neglected.
June 12 -
Shareholders took a big gamble that Atlantic Coast Financial in Florida can raise enough capital to save itself when they rejected a buyout offer. There are more funds to be had these days, but they are harder to get, experts warn.
June 12 -
A bipartisan bill to reform the mortgage finance system being crafted in the Senate has already drawn praise from a variety of stakeholders, but the effort is almost certain to meet strong resistance from House Republicans.
June 12 -
Four Corners Community Bank in Farmington, N.M., has agreed to buy Citizens State Bank of Cortez in Colorado.
June 12 -
The private equity firm Milestone Partners has sold Mariner Finance, a former division of Baltimore's First Mariner Bancorp.
June 12 -
The Federal Deposit Insurance Corp. and Consumer Financial Protection Bureau have launched "Money Smart for Older Adults" with tips on preventing identity theft and other common scams and how to prepare financially for life events.
June 12 -
United Community Financial in Youngstown, Ohio, has raised $5 million of capital and announced plans to reshuffle the executive team at its bank.
June 12 -
Royal Bank of Scotland Group Chief Executive Stephen Hester is leaving the company later this year.
June 12 -
John Thain, chief executive officer of CIT Group, said the logic of selling his company to a larger bank is "obvious," while declining to comment on whether such a deal has been discussed.
June 12 -
As more banks look to equip their branch employees to handle all of their customers' needs, experts offer tips on how to ease the transition.
June 12 -
Banks and insurers are expected to make the case at closed-door hearings being held later this week by the Federal Housing Finance Agency that forced-placed homeowner's policies should remain the purview of state regulators. The discussions are part of a broader debate over how to reform the force-placed insurance market. The controversy revolves around claims by consumer advocates, state regulators and others that banks and insurers have colluded to drive up the cost of such coverage, which is "force-placed" on often struggling homeowners who allow their standard hazard policies to lapse.
June 12 -
Fifth Third Bancorp in Cincinnati is planning to issue approximately $655 million of common stock as part of a share conversion.
June 12






