Consumer banking
Consumer banking
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Kind words by Stewart McClure, the head of Somerset Hills Bancorp, for Kevin Cummings, the CEO of rival Investors Bancorp, are part of a mutual admiration society budding in New Jersey banking.
February 4 -
Orrstown Financial Services (ORRF) reached a legal settlement with PL Capital over a requirement that the outside investor said wrongly benefited management.
February 4 -
Stop Huntingdon Animal Cruelty said Monday that a U.S. Bancorp unit is a lender to Huntingdon Life Sciences, a U.K.-based research facility that helps makers of pharmaceuticals, chemicals, cosmetics and other products assess the safety of their wares.
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The Consumer Financial Protection Bureau is expected to be inundated with comments on how to rework the proposed 3% cap on loan origination points and fees.
February 4 -
The ABA is raising concerns about a credit union's potential plans to change its field of membership from just Lutherans to serve all Christian denominations.
February 4 -
Terminations of bank deals have dramatically slowed since 2009, when a third of the announced deals were called off. Still, buyers should give regulators a heads-up and leave ample time to finalize details.
February 4 -
The quality of lending for most types of loans is likely to remain fairly steady this year, according to a survey of loan officers released Monday by the Federal Reserve Board.
February 4 -
Dodd-Frank repealed the ban on paying interest on business checking accounts. No longer necessary to circumvent that restriction, sweep accounts with overnight repos can still protect and retain high-balance depositors.
February 4 -
The CEO of the country's largest bank sounded off once again, admitting mistakes and waving the banner for banks on Monday in Miami.
February 4 -
U.S. Bancorp's (USB) wealth management arm is adding advisors on Florida's Gulf Coast, mostly from large rivals.
February 4 -
Improved asset quality and a surge in mortgage lending powered HomeStreet Bank (HMST) in Seattle to record earnings in 2012.
February 4 -
TrustAtlantic Bank has agreed to buy a branch from fellow North Carolina lender Harrington Bank.
February 4 -
Capitol Bancorp in Lansing, Mich., has moved a step closer to selling a troubled unit in New Mexico.
February 4 -
Lending on offices and apartment buildings is expected to rise this year, further evidence that the commercial real estate continues to strengthen.
February 4 -
Identify the megabanks' overpriced products and services, the customers they can't or won't serve. Use outside infrastructure to adapt quickly. B of A, Citi and other financial services oligopolists are highly vulnerable to competition.
February 4 -
Sections of Dodd-Frank and the JOBS Act have made allowances for certain community banks but, whether by design or oversight, have left small thrifts to fend for themselves.
February 4 -
The rules are fuzzy, but communicating with delinquent borrowers over social media networks, generally speaking, is a bad idea.
February 4 -
Under pressure from consumer groups and regulators, Urban Trust Bank (UTB) of Lake Mary, Fla., has agreed to stop charging overdraft fees on its prepaid cards.
February 4 -
First National Bank and Trust in Newtown, Pa., has given its president the additional title of chief executive.
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