Consumer banking
Consumer banking
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CEO Hugh Potts says the Mississippi company's sale to Renasant will help investors recoup 75% of 2006 value.
February 11 -
Karen Mills is stepping down as the head of the Small Business Administration. On her watch the agency supported $106 billion of loans to small businesses, including a record $30.5 billion in fiscal year 2011.
February 11 -
Losses at Anchor BanCorp Wisconsin (ABCW) in Madison narrowed slightly last quarter as its credit quality improved.
February 11 -
Legislation introduced in several states would ban surcharges on Visa and MasterCard credit card purchases, potentially undercutting a concession retailers won in a proposed legal settlement.
February 11 -
United Community Banks in Blairsville, Ga., has renewed its contract with Fiserv and added the fintech company's debit card services.
February 11 -
A cashless society is all well and good. But without the option of private, untraceable payments, life would become unbearable and institutions like marriage and religion could suffer.
February 11 -
Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened.
February 11 -
Commerce Bancshares in Kansas City, Mo., has promoted John Kemper to president and chief operating officer. The $22.2 billion-asset company said Friday that Kemper succeeds his father, David, who remains its chairman and chief executive.
February 11 -
Flagstar Bancorp (FBC) has set aside $161 million to cover lawsuits over its mortgage-underwriting practices.
February 11 -
Ally Financial, the second-largest remaining investment by the Treasury's Troubled Asset Relief Program, will repay the U.S. by 2014 on the strength of its auto-finance business, CEO Michael Carpenter said.
February 11 -
As the New York company books more loans, it is also relying less on mortgage-backed securities.
February 11 -
SAN LUIS OBISPO, Calif. SESLOC FCU has installed surcharge-free ATMs in Spencers Fresh Markets in Santa Maria and Morro Bay.
February 10 -
RENTON, Wash. Alaska USA FCU has opened an in-store branch in the Safeway east Bremerton.
February 10 -
Kathleen Craig, a Michigan community banker and mother of two, has created a mobile app that teaches children to save.
February 8 -
Generation Mortgage has unveiled a new platform for originations called Orchestrator, which it says is an Internet-based system that improves service for companies that originate loans on Generation's behalf.
February 8 -
First Northern Bancorp (FNRN) of Dixon, Calif., is nearly halfway out of the Treasury Department's Small Business Lending Fund.
February 8 -
The Federal Reserve issued an enforcement action against a Montana bank holding company and lifted one from the parent of a recovering Texas bank. Both moves mirror actions by the Office of the Comptroller of the Currency toward the companies' banking units.
February 8 -
Smaller banks cannot afford to support high-density branch networks as economic challenges persist.
February 8 -
Missouri and Utah join a list of seven other states where lawmakers are considering whether to ban the check-out fees.
February 8 -
Fierce competition, a run-up in prices, and an expected jump in interest rates in the years ahead could spell bad news for banks that hold multifamily loans on their balance sheets. Cheap financing from Fannie and Freddie is also fueling concerns of a bubble.
February 8





