Consumer banking
Consumer banking
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R. Eugene Taylor's Capital Bank would have to pay nearly $4 million more for F. Scott Bauer's Southern Community in a new, all-cash deal thanks to market swings that complicated their earlier cash-and-stock agreement.
June 26 - Michigan
Banks and Farm Credit lenders are typically rivals, but Huntington Bank and GreenStone Farm Credit Services have set aside their differences to come to the aid of Michigan fruit growers and processors.
June 26 -
JPMorgan Chase will stop charging customers overdraft fees for transactions under $5, as part of its efforts to settle a class-action lawsuit about its overdraft practices.
June 26 -
The Treasury Department has sent letters to 200 remaining Tarp banks indicating that the agency may auction its stakes as parts of pools this fall. While the move removes the government from the banks, it presents new challenges, particularly for recapitalizations.
June 26 -
Saratoga National Bank and Trust in Saratoga Springs, N.Y., has announced its succession plan for when its current chief executive and president, Raymond F. O’Conor, steps down at the end of the year.
June 26 -
The company's fixed network fee penalizes merchants that route debit transactions to any competing network, and subverts the competition that the Durbin amendment was designed to foster.
June 26 -
PNC Financial Services Group (PNC) has agreed to pay $90 million to settle a class-action lawsuit relating to its overdraft protection practices.
June 26 -
The Federal Reserve Board has issued enforcement orders against two community bank holding companies requiring them to serve as sources of strength for their struggling bank subsidiaries.
June 26 -
John Allison's new book will examine the causes of the 2008 financial crisis and argue against excessive bank regulation. The announcement comes a day after Allison was tapped to lead the Cato Institute, a libertarian think tank.
June 26 -
A small Chicago bank that is largely owned by the members of an area church has warned that it could fail if it does not raise additional capital.
June 26 -
Capital Bank Financial in Coral Gables, Fla., has upped the price it is paying for Southern Community Financial (SCMF) in Winston-Salem, N.C., by more than $3 million and will now pay all cash instead of a mix of cash and stock.
June 26 -
Also, it's OK just to make transactions easier and cheaper, even if consumers don't "graduate" to a bank account. And eight other lessons from the premier conference in this space.
June 26 -
The Federal Trade Commission filed suit against Wyndham Worldwide Corp. and three of its subsidiaries for alleged data security failures that led to three data breaches at Wyndham hotels in less than two years.
June 26 -
Regions Financial is trying to make its products easier for customers to understand, in the latest example of a bank simplifying its disclosures.
June 26 -
The banking unit of Pinnacle Financial Partners (PNFP) in Nashville, Tenn., has filed an application to convert from a national charter to a state one to "simplify communications with regulatory authorities."
June 26 -
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First Horizon National (FHN) in Memphis said Monday that it will take a $272 million charge in the second quarter primarily for mortgage repurchases from Fannie Mae and Freddie Mac.
June 25 -
BRATTLEBORO, Vt. – River Valley CU announced it is going to close its branch at the Windham Regional Career Center, which it opened to provide financial education.
June 25




